Intellus Advisors LLC Invests $1.29 Million in Putnam Municipal Opportunities Trust (NYSE:PMO)

Intellus Advisors LLC acquired a new stake in shares of Putnam Municipal Opportunities Trust (NYSE:PMO) during the 4th quarter, HoldingsChannel reports. The institutional investor acquired 126,931 shares of the financial services provider’s stock, valued at approximately $1,286,000.

A number of other large investors also recently bought and sold shares of the business. Integrated Capital Management Inc. grew its stake in Putnam Municipal Opportunities Trust by 10.5% in the fourth 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. Avior Wealth Management LLC boosted its holdings 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 buying an additional 2,238 shares in the last quarter. Moors & Cabot Inc. boosted its holdings 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 buying an additional 2,600 shares in the last quarter. Stifel Financial Corp grew its position in shares of Putnam Municipal Opportunities Trust by 9.3% in the 3rd quarter. Stifel Financial Corp now owns 35,601 shares of the financial services provider’s stock worth $388,000 after buying an additional 3,040 shares during the last quarter. Finally, Rockefeller Capital Management L.P. raised its stake in shares of Putnam Municipal Opportunities Trust by 4.3% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 139,457 shares of the financial services provider’s stock worth $1,520,000 after acquiring an additional 5,697 shares in the last quarter. Institutional investors own 20.40% of the company’s stock.

Putnam Municipal Opportunities Trust Stock Performance

Shares of PMO opened at $10.29 on Friday. The company has a 50 day moving average of $10.48 and a two-hundred day moving average of $10.50. Putnam Municipal Opportunities Trust has a twelve month low of $9.69 and a twelve month high of $10.96.

Putnam Municipal Opportunities Trust Cuts Dividend

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

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.