Advisors Asset Management Inc. Has $2.95 Million Holdings in Putnam Municipal Opportunities Trust (NYSE:PMO)

Advisors Asset Management Inc. increased its position in shares of Putnam Municipal Opportunities Trust (NYSE:PMO - Free Report) by 92.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 291,314 shares of the financial services provider's stock after purchasing an additional 139,739 shares during the period. Advisors Asset Management Inc. owned 0.92% of Putnam Municipal Opportunities Trust worth $2,951,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Integrated Wealth Concepts LLC bought a new stake in shares of Putnam Municipal Opportunities Trust in the 3rd quarter worth $119,000. Avior Wealth Management LLC grew its holdings in Putnam Municipal Opportunities Trust by 23.1% during the third quarter. Avior Wealth Management LLC now owns 11,932 shares of the financial services provider's stock worth $130,000 after acquiring an additional 2,238 shares during the period. Noble Wealth Management PBC bought a new stake in Putnam Municipal Opportunities Trust in the fourth quarter worth about $140,000. Moors & Cabot Inc. lifted its holdings in 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 acquiring an additional 2,600 shares during the last quarter. Finally, Integrated Capital Management Inc. boosted its position in shares of Putnam Municipal Opportunities Trust by 10.5% during the 4th 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. 20.40% of the stock is currently owned by institutional investors and hedge funds.

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Putnam Municipal Opportunities Trust Stock Down 0.6 %

Shares of NYSE PMO traded down $0.06 during midday trading on Wednesday, reaching $10.21. The company's stock had a trading volume of 60,889 shares, compared to its average volume of 93,135. Putnam Municipal Opportunities Trust has a one year low of $9.69 and a one year high of $10.96. The company has a 50 day moving average price of $10.49 and a 200 day moving average price of $10.50.

Putnam Municipal Opportunities Trust Cuts Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be issued a $0.035 dividend. The ex-dividend date of this dividend is Monday, March 17th. This represents a $0.42 annualized dividend and a dividend yield of 4.11%.

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.