Raymond James & Associates Buys 51,948 Shares of Putnam Municipal Opportunities Trust (NYSE:PMO)

Raymond James & Associates lifted its stake in Putnam Municipal Opportunities Trust (NYSE:PMO) by 31.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 215,399 shares of the financial services provider’s stock after buying an additional 51,948 shares during the period. Raymond James & Associates owned about 0.63% of Putnam Municipal Opportunities Trust worth $2,204,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in PMO. Raymond James Financial Services Advisors Inc. lifted its stake in shares of Putnam Municipal Opportunities Trust by 2.8% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 123,430 shares of the financial services provider’s stock valued at $1,438,000 after buying an additional 3,380 shares during the period. Bank of Montreal Can bought a new stake in shares of Putnam Municipal Opportunities Trust in the first quarter valued at about $263,000. NewEdge Advisors LLC lifted its stake in shares of Putnam Municipal Opportunities Trust by 39.1% in the first quarter. NewEdge Advisors LLC now owns 46,761 shares of the financial services provider’s stock valued at $544,000 after buying an additional 13,150 shares during the period. Worth Asset Management LLC bought a new stake in shares of Putnam Municipal Opportunities Trust in the first quarter valued at about $169,000. Finally, Rivernorth Capital Management LLC bought a new stake in shares of Putnam Municipal Opportunities Trust in the first quarter valued at about $278,000. Institutional investors own 20.40% of the company’s stock.

Putnam Municipal Opportunities Trust Stock Performance

Shares of PMO opened at $9.79 on Wednesday. Putnam Municipal Opportunities Trust has a 12 month low of $8.57 and a 12 month high of $10.57. The company has a 50-day moving average price of $10.19 and a two-hundred day moving average price of $9.93.

Putnam Municipal Opportunities Trust Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, May 1st. Shareholders of record on Wednesday, April 24th will be paid a dividend of $0.035 per share. This represents a $0.42 dividend on an annualized basis and a yield of 4.29%. The ex-dividend date is Tuesday, April 23rd.

Putnam Municipal Opportunities Trust Company 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.