Rockefeller Capital Management L.P. Cuts Stock Position in Putnam Municipal Opportunities Trust (NYSE:PMO)

Rockefeller Capital Management L.P. cut its holdings in shares of Putnam Municipal Opportunities Trust (NYSE:PMO - Free Report) by 32.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 93,526 shares of the financial services provider's stock after selling 45,931 shares during the quarter. Rockefeller Capital Management L.P. owned approximately 0.29% of Putnam Municipal Opportunities Trust worth $947,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the stock. Noble Wealth Management PBC bought a new stake in Putnam Municipal Opportunities Trust during the 4th quarter worth approximately $140,000. 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 purchasing an additional 3,426 shares during the last quarter. Integrated Capital Management Inc. boosted its holdings in 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 acquiring an additional 1,932 shares during the period. HighTower Advisors LLC bought a new position in shares of Putnam Municipal Opportunities Trust in the third quarter worth approximately $267,000. Finally, Stifel Financial Corp raised its stake in shares of 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 valued at $388,000 after acquiring an additional 3,040 shares during the last quarter. Institutional investors own 20.40% of the company's stock.

Putnam Municipal Opportunities Trust Trading Up 1.3 %

Shares of PMO traded up $0.13 during trading hours on Wednesday, reaching $9.79. 210,611 shares of the company traded hands, compared to its average volume of 96,026. The company's fifty day moving average price is $10.20 and its two-hundred day moving average price is $10.36. Putnam Municipal Opportunities Trust has a 12 month low of $9.34 and a 12 month high of $10.96.

Putnam Municipal Opportunities Trust Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Thursday, April 17th will be issued a dividend of $0.035 per share. This represents a $0.42 dividend on an annualized basis and a dividend yield of 4.29%. The ex-dividend date of this dividend 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.