Raymond James Financial Inc. Makes New $916,000 Investment in Putnam Municipal Opportunities Trust (NYSE:PMO)

Raymond James Financial Inc. acquired a new position in shares of Putnam Municipal Opportunities Trust (NYSE:PMO - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 90,454 shares of the financial services provider's stock, valued at approximately $916,000. Raymond James Financial Inc. owned approximately 0.28% of Putnam Municipal Opportunities Trust at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. HighTower Advisors LLC purchased a new stake in shares of Putnam Municipal Opportunities Trust during the 3rd quarter worth approximately $267,000. Stifel Financial Corp raised its holdings in Putnam Municipal Opportunities Trust by 9.3% during the third quarter. Stifel Financial Corp now owns 35,601 shares of the financial services provider's stock worth $388,000 after purchasing an additional 3,040 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its position in Putnam Municipal Opportunities Trust by 129.8% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 94,408 shares of the financial services provider's stock worth $956,000 after purchasing an additional 53,322 shares in the last quarter. Rivernorth Capital Management LLC grew its holdings in Putnam Municipal Opportunities Trust by 61.4% in the third quarter. Rivernorth Capital Management LLC now owns 179,697 shares of the financial services provider's stock valued at $1,959,000 after purchasing an additional 68,382 shares during the last quarter. Finally, Park Avenue Securities LLC increased its position in shares of Putnam Municipal Opportunities Trust by 7.1% in the fourth quarter. Park Avenue Securities LLC now owns 112,497 shares of the financial services provider's stock valued at $1,140,000 after buying an additional 7,450 shares in the last quarter. 20.40% of the stock is currently owned by institutional investors and hedge funds.

Putnam Municipal Opportunities Trust Trading Up 0.9 %

Shares of NYSE:PMO traded up $0.09 during midday trading on Wednesday, hitting $9.63. 229,495 shares of the stock were exchanged, compared to its average volume of 94,181. Putnam Municipal Opportunities Trust has a twelve month low of $9.37 and a twelve month high of $10.96. The company has a 50 day moving average price of $10.39 and a 200-day moving average price of $10.44.

Putnam Municipal Opportunities Trust Announces Dividend

The firm also recently declared 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. This represents a $0.42 annualized dividend and a dividend yield of 4.36%. The ex-dividend date is Thursday, April 17th.

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.