Capital Investment Advisors LLC Has $1.14 Million Stock Position in Putnam Municipal Opportunities Trust (NYSE:PMO)

Capital Investment Advisors LLC reduced its holdings in Putnam Municipal Opportunities Trust (NYSE:PMO) by 2.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 104,939 shares of the financial services provider’s stock after selling 2,935 shares during the quarter. Capital Investment Advisors LLC owned approximately 0.33% of Putnam Municipal Opportunities Trust worth $1,144,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Rothschild Investment LLC acquired a new position in shares of Putnam Municipal Opportunities Trust in the 2nd quarter worth approximately $2,000,000. Park Avenue Securities LLC acquired a new position in shares of Putnam Municipal Opportunities Trust in the 1st quarter worth approximately $1,177,000. Logan Stone Capital LLC lifted its holdings in Putnam Municipal Opportunities Trust by 19.8% during the 2nd quarter. Logan Stone Capital LLC now owns 80,343 shares of the financial services provider’s stock worth $824,000 after buying an additional 13,267 shares in the last quarter. Van ECK Associates Corp lifted its holdings in Putnam Municipal Opportunities Trust by 13.9% during the 2nd quarter. Van ECK Associates Corp now owns 231,553 shares of the financial services provider’s stock worth $2,376,000 after buying an additional 28,181 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC acquired a new position in Putnam Municipal Opportunities Trust during the 2nd quarter worth $422,000. 20.40% of the stock is owned by institutional investors and hedge funds.

Putnam Municipal Opportunities Trust Stock Down 0.9 %

NYSE:PMO opened at $10.78 on Monday. The stock’s fifty day moving average price is $10.65 and its two-hundred day moving average price is $10.29. Putnam Municipal Opportunities Trust has a 52-week low of $8.57 and a 52-week high of $10.96.

Putnam Municipal Opportunities Trust Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, November 1st. Shareholders of record on Thursday, October 24th will be issued a dividend of $0.035 per share. This represents a $0.42 annualized dividend and a yield of 3.90%. The ex-dividend date of this dividend is Thursday, October 24th.

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.