Putnam Municipal Opportunities Trust (NYSE:PMO) Shares Acquired by Stifel Financial Corp

Stifel Financial Corp increased its stake in shares of Putnam Municipal Opportunities Trust (NYSE:PMO) by 9.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,601 shares of the financial services provider’s stock after acquiring an additional 3,040 shares during the quarter. Stifel Financial Corp owned about 0.11% of Putnam Municipal Opportunities Trust worth $388,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of PMO. Pathstone Holdings LLC purchased a new stake in Putnam Municipal Opportunities Trust in the third quarter valued at approximately $3,898,000. Van ECK Associates Corp grew its position in Putnam Municipal Opportunities Trust by 13.9% during the 2nd quarter. Van ECK Associates Corp now owns 231,553 shares of the financial services provider’s stock worth $2,376,000 after purchasing an additional 28,181 shares during the last quarter. Rothschild Investment LLC acquired a new stake in shares of Putnam Municipal Opportunities Trust during the second quarter worth about $2,000,000. Rivernorth Capital Management LLC grew its holdings in shares of Putnam Municipal Opportunities Trust by 61.4% during the third quarter. Rivernorth Capital Management LLC now owns 179,697 shares of the financial services provider’s stock worth $1,959,000 after buying an additional 68,382 shares during the last quarter. Finally, Rockefeller Capital Management L.P. increased its position in Putnam Municipal Opportunities Trust by 4.3% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 139,457 shares of the financial services provider’s stock valued at $1,520,000 after acquiring an additional 5,697 shares during the period. Institutional investors and hedge funds own 20.40% of the company’s stock.

Putnam Municipal Opportunities Trust Stock Performance

Putnam Municipal Opportunities Trust stock opened at $10.04 on Friday. The business has a 50 day simple moving average of $10.47 and a 200-day simple moving average of $10.47. Putnam Municipal Opportunities Trust has a 12 month low of $9.69 and a 12 month high of $10.96.

Putnam Municipal Opportunities Trust Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Monday, December 23rd will be issued a $0.035 dividend. This represents a $0.42 annualized dividend and a dividend yield of 4.18%. The ex-dividend date is Monday, December 23rd.

Putnam Municipal Opportunities Trust Profile

Putnam Municipal Opportunities Trust is a closed ended fixed income mutual fund launched and managed by Putnam Investment Management, LLC. The fund is co-managed by Putnam Investments Limited. It invests in fixed income markets of United States. The fund invests in companies operating across healthcare, utilities, transportation, water and sewer, and housing sectors.