Smith Moore & CO. Increases Stake in Putnam Municipal Opportunities Trust (NYSE:PMO)

Smith Moore & CO. increased its stake in shares of Putnam Municipal Opportunities Trust (NYSE:PMO) by 17.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 77,712 shares of the financial services provider’s stock after acquiring an additional 11,376 shares during the quarter. Smith Moore & CO. owned about 0.24% of Putnam Municipal Opportunities Trust worth $787,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Integrated Capital Management Inc. grew its position in shares of Putnam Municipal Opportunities Trust by 10.5% during the fourth quarter. Integrated Capital Management Inc. now owns 20,325 shares of the financial services provider’s stock valued at $206,000 after purchasing an additional 1,932 shares in the last quarter. Stifel Financial Corp boosted its stake in 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 buying an additional 3,040 shares during the last quarter. Avior Wealth Management LLC grew its holdings in Putnam Municipal Opportunities Trust by 28.7% during the 4th quarter. Avior Wealth Management LLC now owns 15,358 shares of the financial services provider’s stock valued at $156,000 after buying an additional 3,426 shares in the last quarter. Rockefeller Capital Management L.P. increased its stake in Putnam Municipal Opportunities Trust by 4.3% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 139,457 shares of the financial services provider’s stock worth $1,520,000 after acquiring an additional 5,697 shares during the last quarter. Finally, Cyndeo Wealth Partners LLC raised its holdings in shares of Putnam Municipal Opportunities Trust by 17.8% during the 4th quarter. Cyndeo Wealth Partners LLC now owns 38,629 shares of the financial services provider’s stock worth $391,000 after acquiring an additional 5,836 shares in the last quarter. 20.40% of the stock is owned by hedge funds and other institutional investors.

Putnam Municipal Opportunities Trust Price Performance

PMO stock opened at $10.01 on Friday. The firm has a fifty day moving average price of $10.46 and a 200 day moving average price of $10.47. Putnam Municipal Opportunities Trust has a fifty-two week low of $9.69 and a fifty-two week high of $10.96.

Putnam Municipal Opportunities Trust Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were paid a $0.035 dividend. The ex-dividend date was Monday, March 17th. This represents a $0.42 dividend on an annualized basis and a dividend yield of 4.20%.

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.