Putnam Municipal Opportunities Trust (NYSE:PMO) Shares Bought by Moors & Cabot Inc.

Moors & Cabot Inc. raised its holdings in Putnam Municipal Opportunities Trust (NYSE:PMO) by 10.0% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 12,150 shares of the financial services provider’s stock after acquiring an additional 1,103 shares during the quarter. Moors & Cabot Inc.’s holdings in Putnam Municipal Opportunities Trust were worth $124,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Robinson Capital Management LLC acquired a new position in shares of Putnam Municipal Opportunities Trust in the first quarter worth about $1,738,000. Ameriprise Financial Inc. boosted its holdings in shares of Putnam Municipal Opportunities Trust by 15.3% in the first quarter. Ameriprise Financial Inc. now owns 811,417 shares of the financial services provider’s stock worth $8,360,000 after buying an additional 107,784 shares during the period. Morgan Stanley boosted its holdings in shares of Putnam Municipal Opportunities Trust by 40.7% in the fourth quarter. Morgan Stanley now owns 252,727 shares of the financial services provider’s stock worth $2,742,000 after buying an additional 73,119 shares during the period. Bank of America Corp DE boosted its holdings in shares of Putnam Municipal Opportunities Trust by 33.7% in the fourth quarter. Bank of America Corp DE now owns 285,419 shares of the financial services provider’s stock worth $3,097,000 after buying an additional 71,870 shares during the period. Finally, Rockefeller Capital Management L.P. lifted its position in shares of Putnam Municipal Opportunities Trust by 116.3% in the first quarter. Rockefeller Capital Management L.P. now owns 126,584 shares of the financial services provider’s stock worth $1,311,000 after purchasing an additional 68,053 shares in the last quarter. 14.29% of the stock is owned by institutional investors and hedge funds.

Putnam Municipal Opportunities Trust Price Performance

NYSE PMO opened at $10.11 on Tuesday. The company has a 50 day simple moving average of $9.19 and a 200-day simple moving average of $9.76. Putnam Municipal Opportunities Trust has a 52-week low of $8.57 and a 52-week high of $12.25.

Putnam Municipal Opportunities Trust Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, December 1st. Stockholders of record on Friday, November 24th will be given a $0.035 dividend. This represents a $0.42 dividend on an annualized basis and a dividend yield of 4.15%. The ex-dividend date is Wednesday, November 22nd.

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.