Stifel Financial Corp Raises Holdings in Putnam Municipal Opportunities Trust (NYSE:PMO)

Stifel Financial Corp raised its stake in shares of Putnam Municipal Opportunities Trust (NYSE:PMO) by 9.3% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 35,601 shares of the financial services provider’s stock after buying an additional 3,040 shares during the quarter. Stifel Financial Corp’s holdings in Putnam Municipal Opportunities Trust were worth $388,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. International Assets Investment Management LLC increased its stake in Putnam Municipal Opportunities Trust by 1,000.7% in the third quarter. International Assets Investment Management LLC now owns 12,944 shares of the financial services provider’s stock valued at $141,000 after purchasing an additional 11,768 shares during the last quarter. Pathstone Holdings LLC purchased a new stake in shares of Putnam Municipal Opportunities Trust during the third quarter worth about $3,898,000. HighTower Advisors LLC bought a new stake in shares of Putnam Municipal Opportunities Trust in the third quarter worth $267,000. Rivernorth Capital Management LLC lifted its position in shares of Putnam Municipal Opportunities Trust by 61.4% during the third quarter. Rivernorth Capital Management LLC now owns 179,697 shares of the financial services provider’s stock worth $1,959,000 after purchasing an additional 68,382 shares during the last quarter. Finally, Rothschild Investment LLC bought a new position in Putnam Municipal Opportunities Trust during the second quarter worth $2,000,000. 20.40% of the stock is owned by institutional investors and hedge funds.

Putnam Municipal Opportunities Trust Stock Down 0.4 %

Putnam Municipal Opportunities Trust stock opened at $10.04 on Friday. The company has a fifty day moving average price of $10.47 and a two-hundred day moving average price of $10.47. Putnam Municipal Opportunities Trust has a 12 month low of $9.69 and a 12 month high of $10.96.

Putnam Municipal Opportunities Trust Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Monday, December 23rd will be given a dividend of $0.035 per share. This represents a $0.42 dividend on an annualized basis and a dividend yield of 4.18%. The ex-dividend date is Monday, December 23rd.

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.