Advisors Asset Management Inc. Sells 44,219 Shares of PUTNAM MUN OPPO $PMO

Key Points

• Advisors Asset Management Inc. has reduced its stake in PUTNAM MUN OPPO by 15.2%, selling 44,219 shares to hold a total of 247,095 shares valued at approximately $2.5 million.
• Other institutional investors, including Royal Bank of Canada and 1607 Capital Partners LLC, have increased their investments in PUTNAM MUN OPPO, indicating a mixed sentiment among institutional shareholders.
• PUTNAM MUN OPPO is set to pay a monthly dividend of $0.0393 per share on October 31, 2023, offering an annualized yield of 4.7% to shareholders.

Advisors Asset Management Inc. lowered its position in shares of PUTNAM MUN OPPO (NYSE:PMO - Free Report) by 15.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 247,095 shares of the financial services provider's stock after selling 44,219 shares during the quarter. Advisors Asset Management Inc. owned about 0.78% of PUTNAM MUN OPPO worth $2,518,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Stifel Financial Corp increased its stake in PUTNAM MUN OPPO by 3.1% in the 4th quarter. Stifel Financial Corp now owns 36,713 shares of the financial services provider's stock valued at $372,000 after buying an additional 1,112 shares during the last quarter. Jane Street Group LLC purchased a new stake in PUTNAM MUN OPPO in the 4th quarter valued at about $318,000. Citadel Advisors LLC increased its stake in PUTNAM MUN OPPO by 9.5% in the 4th quarter. Citadel Advisors LLC now owns 12,176 shares of the financial services provider's stock valued at $123,000 after buying an additional 1,059 shares during the last quarter. Nomura Holdings Inc. increased its stake in shares of PUTNAM MUN OPPO by 172.5% during the 4th quarter. Nomura Holdings Inc. now owns 29,972 shares of the financial services provider's stock worth $304,000 after purchasing an additional 18,975 shares during the last quarter. Finally, Leigh Baldwin & CO. LLC purchased a new stake in shares of PUTNAM MUN OPPO during the 4th quarter worth approximately $252,000. Institutional investors own 20.40% of the company's stock.

PUTNAM MUN OPPO Trading Up 0.3%

Shares of PMO stock traded up $0.03 during trading hours on Thursday, hitting $10.36. 25,992 shares of the company were exchanged, compared to its average volume of 78,779. The firm has a fifty day simple moving average of $9.86 and a 200 day simple moving average of $9.95. PUTNAM MUN OPPO has a 52-week low of $9.34 and a 52-week high of $10.96.

PUTNAM MUN OPPO Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, October 31st. Stockholders of record on Friday, October 17th will be paid a dividend of $0.0393 per share. The ex-dividend date is Friday, October 17th. This represents a c) annualized dividend and a dividend yield of 4.6%.

About PUTNAM MUN OPPO

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.