Advisors Asset Management Inc. Sells 1,172 Shares of Putnam Municipal Opportunities Trust (NYSE:PMO)

Advisors Asset Management Inc. decreased its position in shares of Putnam Municipal Opportunities Trust (NYSE:PMO) by 0.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 151,575 shares of the financial services provider’s stock after selling 1,172 shares during the quarter. Advisors Asset Management Inc.’s holdings in Putnam Municipal Opportunities Trust were worth $1,652,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in PMO. Cetera Advisors LLC bought a new position in shares of Putnam Municipal Opportunities Trust during the 1st quarter worth $155,000. Integrated Capital Management Inc. lifted its stake in shares of Putnam Municipal Opportunities Trust by 10.9% during the 2nd quarter. Integrated Capital Management Inc. now owns 18,399 shares of the financial services provider’s stock worth $189,000 after purchasing an additional 1,805 shares during the last quarter. Sunpointe LLC purchased a new stake in shares of Putnam Municipal Opportunities Trust during the 2nd quarter worth $216,000. Allspring Global Investments Holdings LLC purchased a new stake in shares of Putnam Municipal Opportunities Trust during the 2nd quarter worth $422,000. Finally, Rothschild Investment LLC purchased a new stake in shares of Putnam Municipal Opportunities Trust during the 2nd quarter worth $2,000,000. Institutional investors own 20.40% of the company’s stock.

Putnam Municipal Opportunities Trust Stock Performance

Shares of NYSE PMO opened at $10.36 on Monday. Putnam Municipal Opportunities Trust has a 1-year low of $9.69 and a 1-year high of $10.96. The business has a fifty day moving average price of $10.62 and a 200 day moving average price of $10.40.

Putnam Municipal Opportunities Trust Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, December 2nd. Investors of record on Friday, November 22nd will be paid a dividend of $0.035 per share. This represents a $0.42 dividend on an annualized basis and a dividend yield of 4.05%. The ex-dividend date of this dividend is Friday, November 22nd.

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.