Putnam Municipal Opportunities Trust (NYSE:PMO) Shares Sold by Raymond James Financial Services Advisors Inc.

Raymond James Financial Services Advisors Inc. lowered its position in shares of Putnam Municipal Opportunities Trust (NYSE:PMO) by 16.1% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 54,777 shares of the financial services provider’s stock after selling 10,530 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in Putnam Municipal Opportunities Trust were worth $560,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Raymond James & Associates raised its stake in Putnam Municipal Opportunities Trust by 31.8% during the fourth quarter. Raymond James & Associates now owns 215,399 shares of the financial services provider’s stock valued at $2,204,000 after buying an additional 51,948 shares in the last quarter. Moody National Bank Trust Division bought a new position in shares of Putnam Municipal Opportunities Trust during the fourth quarter valued at approximately $119,000. Financial Network Wealth Management LLC bought a new position in shares of Putnam Municipal Opportunities Trust during the fourth quarter valued at approximately $115,000. Comerica Bank bought a new position in shares of Putnam Municipal Opportunities Trust during the third quarter valued at approximately $41,000. Finally, Creative Planning bought a new position in shares of Putnam Municipal Opportunities Trust during the third quarter valued at approximately $131,000. Institutional investors and hedge funds own 20.40% of the company’s stock.

Putnam Municipal Opportunities Trust Stock Down 0.1 %

NYSE:PMO opened at $9.83 on Friday. The stock has a 50 day moving average of $10.17 and a 200-day moving average of $9.93. Putnam Municipal Opportunities Trust has a 52 week low of $8.57 and a 52 week high of $10.57.

Putnam Municipal Opportunities Trust Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Wednesday, May 1st. Stockholders of record on Wednesday, April 24th will be issued a dividend of $0.035 per share. This represents a $0.42 annualized dividend and a dividend yield of 4.27%. The ex-dividend date is Tuesday, April 23rd.

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.