RFG Advisory LLC Invests $161,000 in Putnam Municipal Opportunities Trust (NYSE:PMO)

RFG Advisory LLC bought a new position in shares of Putnam Municipal Opportunities Trust (NYSE:PMOGet Rating) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 11,165 shares of the financial services provider’s stock, valued at approximately $161,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Nova R Wealth Inc. purchased a new stake in shares of Putnam Municipal Opportunities Trust in the fourth quarter valued at approximately $1,450,000. B. Riley Wealth Management Inc. acquired a new position in Putnam Municipal Opportunities Trust in the third quarter valued at $1,190,000. Americana Partners LLC acquired a new stake in Putnam Municipal Opportunities Trust during the third quarter worth about $321,000. Invesco Ltd. increased its stake in Putnam Municipal Opportunities Trust by 8.9% during the third quarter. Invesco Ltd. now owns 249,811 shares of the financial services provider’s stock worth $3,422,000 after acquiring an additional 20,447 shares during the last quarter. Finally, Advisor Group Holdings Inc. increased its stake in Putnam Municipal Opportunities Trust by 10.8% during the third quarter. Advisor Group Holdings Inc. now owns 130,246 shares of the financial services provider’s stock worth $1,784,000 after acquiring an additional 12,645 shares during the last quarter. 18.91% of the stock is currently owned by institutional investors.

Shares of NYSE PMO opened at $11.19 on Monday. Putnam Municipal Opportunities Trust has a 1-year low of $11.13 and a 1-year high of $15.00. The stock has a 50-day moving average of $12.10.

The business also recently declared a monthly dividend, which will be paid on Monday, May 2nd. Stockholders of record on Friday, April 22nd will be given a dividend of $0.0531 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 5.69%. The ex-dividend date is Thursday, April 21st.

Putnam Municipal Opportunities Trust Profile (Get Rating)

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.

Featured Stories

Institutional Ownership by Quarter for Putnam Municipal Opportunities Trust (NYSE:PMO)

Receive News & Ratings for Putnam Municipal Opportunities Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Putnam Municipal Opportunities Trust and related companies with MarketBeat.com's FREE daily email newsletter.