Putnam Municipal Opportunities Trust (NYSE:PMO) Shares Bought by 1607 Capital Partners LLC

1607 Capital Partners LLC boosted its position in Putnam Municipal Opportunities Trust (NYSE:PMO - Free Report) by 54.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 362,681 shares of the financial services provider's stock after acquiring an additional 127,300 shares during the quarter. 1607 Capital Partners LLC owned 1.14% of Putnam Municipal Opportunities Trust worth $3,674,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the company. Integrated Capital Management Inc. lifted its holdings in shares of Putnam Municipal Opportunities Trust by 10.5% during 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 in the last quarter. Stifel Financial Corp boosted its holdings in shares of Putnam Municipal Opportunities Trust by 9.3% in the third quarter. Stifel Financial Corp now owns 35,601 shares of the financial services provider's stock valued at $388,000 after purchasing an additional 3,040 shares during the period. Avior Wealth Management LLC lifted its stake in Putnam Municipal Opportunities Trust by 28.7% in the fourth quarter. Avior Wealth Management LLC now owns 15,358 shares of the financial services provider's stock worth $156,000 after acquiring an additional 3,426 shares during the period. Cyndeo Wealth Partners LLC raised its holdings in Putnam Municipal Opportunities Trust by 17.8% in the fourth quarter. Cyndeo Wealth Partners LLC now owns 38,629 shares of the financial services provider's stock worth $391,000 after purchasing an additional 5,836 shares in the last quarter. Finally, Van ECK Associates Corp boosted its holdings in Putnam Municipal Opportunities Trust by 2.7% in the fourth quarter. Van ECK Associates Corp now owns 233,858 shares of the financial services provider's stock worth $2,369,000 after acquiring an additional 6,217 shares in the last quarter. Institutional investors own 20.40% of the company's stock.

Putnam Municipal Opportunities Trust Trading Down 0.4 %

NYSE PMO traded down $0.04 on Monday, reaching $9.66. 78,191 shares of the company's stock traded hands, compared to its average volume of 95,009. The stock has a 50 day moving average price of $10.25 and a 200-day moving average price of $10.37. Putnam Municipal Opportunities Trust has a fifty-two week low of $9.34 and a fifty-two week high of $10.96.

Putnam Municipal Opportunities Trust Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Thursday, April 17th will be issued a $0.035 dividend. The ex-dividend date of this dividend is Thursday, April 17th. This represents a $0.42 dividend on an annualized basis and a yield of 4.35%.

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.