Advisors Asset Management Inc. Buys 139,739 Shares of Putnam Municipal Opportunities Trust (NYSE:PMO)

Advisors Asset Management Inc. boosted its stake in shares of Putnam Municipal Opportunities Trust (NYSE:PMO) by 92.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 291,314 shares of the financial services provider’s stock after acquiring an additional 139,739 shares during the quarter. Advisors Asset Management Inc. owned approximately 0.92% of Putnam Municipal Opportunities Trust worth $2,951,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Integrated Wealth Concepts LLC bought a new position in shares of Putnam Municipal Opportunities Trust in the 3rd quarter valued at about $119,000. Avior Wealth Management LLC boosted its stake in shares of Putnam Municipal Opportunities Trust by 23.1% in the 3rd quarter. Avior Wealth Management LLC now owns 11,932 shares of the financial services provider’s stock valued at $130,000 after purchasing an additional 2,238 shares during the last quarter. Noble Wealth Management PBC bought a new position in shares of Putnam Municipal Opportunities Trust in the 4th quarter valued at about $140,000. Moors & Cabot Inc. boosted its stake in shares of Putnam Municipal Opportunities Trust by 18.2% in the 3rd quarter. Moors & Cabot Inc. now owns 16,853 shares of the financial services provider’s stock valued at $184,000 after purchasing an additional 2,600 shares during the last quarter. Finally, Integrated Capital Management Inc. boosted its stake in shares of Putnam Municipal Opportunities Trust by 10.5% in the 4th quarter. Integrated Capital Management Inc. now owns 20,325 shares of the financial services provider’s stock valued at $206,000 after purchasing an additional 1,932 shares during the last quarter. Institutional investors own 20.40% of the company’s stock.

Putnam Municipal Opportunities Trust Stock Down 0.0 %

Shares of NYSE PMO opened at $10.29 on Friday. Putnam Municipal Opportunities Trust has a 1 year low of $9.69 and a 1 year high of $10.96. The firm’s 50-day moving average is $10.48 and its 200-day moving average is $10.50.

Putnam Municipal Opportunities Trust Cuts Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be paid a $0.035 dividend. This represents a $0.42 annualized dividend and a dividend yield of 4.08%. The ex-dividend date is Monday, March 17th.

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.