90,454 Shares in Putnam Municipal Opportunities Trust (NYSE:PMO) Purchased by Raymond James Financial Inc.

Raymond James Financial Inc. acquired a new position in shares of Putnam Municipal Opportunities Trust (NYSE:PMO) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 90,454 shares of the financial services provider’s stock, valued at approximately $916,000. Raymond James Financial Inc. owned about 0.28% of Putnam Municipal Opportunities Trust as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Rockefeller Capital Management L.P. boosted its holdings in Putnam Municipal Opportunities Trust by 4.3% in 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 acquiring an additional 5,697 shares during the last quarter. HighTower Advisors LLC bought a new position in shares of Putnam Municipal Opportunities Trust in the 3rd quarter valued at about $267,000. Integrated Wealth Concepts LLC bought a new position in shares of Putnam Municipal Opportunities Trust in the 3rd quarter valued at about $119,000. Stifel Financial Corp grew its position in shares of Putnam Municipal Opportunities Trust by 9.3% during the 3rd quarter. Stifel Financial Corp now owns 35,601 shares of the financial services provider’s stock worth $388,000 after buying an additional 3,040 shares during the period. Finally, Kovitz Investment Group Partners LLC bought a new stake in shares of Putnam Municipal Opportunities Trust during the third quarter worth approximately $349,000. 20.40% of the stock is currently owned by institutional investors and hedge funds.

Putnam Municipal Opportunities Trust Stock Down 2.0 %

Shares of PMO stock opened at $10.01 on Friday. The firm’s 50 day moving average price is $10.46 and its two-hundred day moving average price is $10.47. 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 declared a monthly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were given a dividend of $0.035 per share. The ex-dividend date of this dividend was Monday, March 17th. This represents a $0.42 dividend on an annualized basis and a dividend yield of 4.20%.

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.