Commonwealth Equity Services LLC Has $3.12 Million Stock Position in Putnam Municipal Opportunities Trust (NYSE:PMO)

Commonwealth Equity Services LLC lowered its position in Putnam Municipal Opportunities Trust (NYSE:PMO - Free Report) by 7.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 307,683 shares of the financial services provider's stock after selling 25,634 shares during the quarter. Commonwealth Equity Services LLC owned 0.97% of Putnam Municipal Opportunities Trust worth $3,117,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in PMO. Integrated Capital Management Inc. increased its stake in shares of 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 buying an additional 1,932 shares during the period. Stifel Financial Corp raised its holdings in Putnam Municipal Opportunities Trust by 9.3% during the 3rd 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. Avior Wealth Management LLC lifted its position in shares of Putnam Municipal Opportunities Trust by 28.7% in the 4th quarter. Avior Wealth Management LLC now owns 15,358 shares of the financial services provider's stock worth $156,000 after purchasing an additional 3,426 shares during the period. Rockefeller Capital Management L.P. increased its position in shares of Putnam Municipal Opportunities Trust by 4.3% during the third quarter. Rockefeller Capital Management L.P. now owns 139,457 shares of the financial services provider's stock worth $1,520,000 after buying an additional 5,697 shares during the period. Finally, Cyndeo Wealth Partners LLC raised its stake in Putnam Municipal Opportunities Trust by 17.8% during the fourth quarter. Cyndeo Wealth Partners LLC now owns 38,629 shares of the financial services provider's stock worth $391,000 after buying an additional 5,836 shares during the last quarter. Institutional investors own 20.40% of the company's stock.

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Putnam Municipal Opportunities Trust Price Performance

PMO stock traded down $0.01 during midday trading on Friday, hitting $10.15. The stock had a trading volume of 54,872 shares, compared to its average volume of 93,229. The business has a fifty day moving average price of $10.48 and a two-hundred day moving average price of $10.49. Putnam Municipal Opportunities Trust has a 1-year low of $9.69 and a 1-year high of $10.96.

Putnam Municipal Opportunities Trust Cuts Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be paid a dividend of $0.035 per share. The ex-dividend date is Monday, March 17th. This represents a $0.42 annualized dividend and a yield of 4.14%.

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.