HighTower Advisors LLC Purchases 6,750 Shares of Putnam Municipal Opportunities Trust (NYSE:PMO)

HighTower Advisors LLC lifted its holdings in Putnam Municipal Opportunities Trust (NYSE:PMO) by 26.9% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 31,845 shares of the financial services provider’s stock after purchasing an additional 6,750 shares during the period. HighTower Advisors LLC owned about 0.10% of Putnam Municipal Opportunities Trust worth $323,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Integrated Capital Management Inc. raised its position in Putnam Municipal Opportunities Trust by 10.5% in the fourth quarter. Integrated Capital Management Inc. now owns 20,325 shares of the financial services provider’s stock worth $206,000 after acquiring an additional 1,932 shares during the period. Stifel Financial Corp increased its stake in shares of Putnam Municipal Opportunities Trust by 9.3% in the 3rd quarter. Stifel Financial Corp now owns 35,601 shares of the financial services provider’s stock worth $388,000 after purchasing an additional 3,040 shares in the last quarter. Avior Wealth Management LLC raised its holdings in Putnam Municipal Opportunities Trust by 28.7% in the 4th quarter. Avior Wealth Management LLC now owns 15,358 shares of the financial services provider’s stock worth $156,000 after purchasing an additional 3,426 shares during the period. Rockefeller Capital Management L.P. lifted its position in Putnam Municipal Opportunities Trust by 4.3% during the third quarter. Rockefeller Capital Management L.P. now owns 139,457 shares of the financial services provider’s stock valued at $1,520,000 after purchasing an additional 5,697 shares in the last quarter. Finally, Cyndeo Wealth Partners LLC grew its holdings in Putnam Municipal Opportunities Trust by 17.8% during the fourth quarter. Cyndeo Wealth Partners LLC now owns 38,629 shares of the financial services provider’s stock valued at $391,000 after purchasing an additional 5,836 shares during the period. Hedge funds and other institutional investors own 20.40% of the company’s stock.

Putnam Municipal Opportunities Trust Stock Performance

Shares of PMO opened at $10.22 on Wednesday. The business has a 50-day simple moving average of $10.47 and a two-hundred day simple moving average of $10.48. Putnam Municipal Opportunities Trust has a 52 week low of $9.69 and a 52 week high of $10.96.

Putnam Municipal Opportunities Trust Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were issued a $0.035 dividend. This represents a $0.42 annualized dividend and a yield of 4.11%. The ex-dividend date was Monday, March 17th.

About Putnam Municipal Opportunities Trust

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.