Putnam Municipal Opportunities Trust (NYSE:PMO) Shares Sold by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. cut its holdings in shares of Putnam Municipal Opportunities Trust (NYSE:PMO) by 17.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 50,209 shares of the financial services provider’s stock after selling 10,478 shares during the period. Oppenheimer & Co. Inc. owned approximately 0.16% of Putnam Municipal Opportunities Trust worth $547,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the business. International Assets Investment Management LLC lifted its position in shares of Putnam Municipal Opportunities Trust by 1,000.7% during the 3rd quarter. International Assets Investment Management LLC now owns 12,944 shares of the financial services provider’s stock valued at $141,000 after acquiring an additional 11,768 shares during the last quarter. Rothschild Investment LLC acquired a new position in shares of Putnam Municipal Opportunities Trust in the 2nd quarter valued at $2,000,000. Logan Stone Capital LLC increased its stake in Putnam Municipal Opportunities Trust by 19.8% in the 2nd quarter. Logan Stone Capital LLC now owns 80,343 shares of the financial services provider’s stock worth $824,000 after purchasing an additional 13,267 shares in the last quarter. Van ECK Associates Corp raised 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 during the period. Finally, Allspring Global Investments Holdings LLC purchased a new stake in Putnam Municipal Opportunities Trust during the second quarter valued at about $422,000. 20.40% of the stock is currently owned by institutional investors.

Putnam Municipal Opportunities Trust Price Performance

Putnam Municipal Opportunities Trust stock opened at $10.39 on Thursday. Putnam Municipal Opportunities Trust has a fifty-two week low of $9.69 and a fifty-two week high of $10.96. The firm’s 50 day simple moving average is $10.63 and its 200-day simple moving average is $10.39.

Putnam Municipal Opportunities Trust Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, December 2nd. Investors of record on Friday, November 22nd will be paid a $0.035 dividend. This represents a $0.42 annualized dividend and a yield of 4.04%. The ex-dividend date of this dividend is Friday, November 22nd.

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.