Bank of America Corp DE Sells 41,848 Shares of Putnam Municipal Opportunities Trust (NYSE:PMO)

Bank of America Corp DE lessened its stake in Putnam Municipal Opportunities Trust (NYSE:PMO - Free Report) by 25.2% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 124,073 shares of the financial services provider's stock after selling 41,848 shares during the quarter. Bank of America Corp DE owned 0.39% of Putnam Municipal Opportunities Trust worth $1,257,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in PMO. Stifel Financial Corp boosted its holdings in Putnam Municipal Opportunities Trust by 3.1% during the fourth quarter. Stifel Financial Corp now owns 36,713 shares of the financial services provider's stock worth $372,000 after purchasing an additional 1,112 shares during the last quarter. Van ECK Associates Corp grew its holdings in shares of Putnam Municipal Opportunities Trust by 2.7% in the 4th quarter. Van ECK Associates Corp now owns 233,858 shares of the financial services provider's stock valued at $2,369,000 after acquiring an additional 6,217 shares in the last quarter. HighTower Advisors LLC raised its holdings in Putnam Municipal Opportunities Trust by 26.9% during the fourth quarter. HighTower Advisors LLC now owns 31,845 shares of the financial services provider's stock worth $323,000 after acquiring an additional 6,750 shares in the last quarter. Envestnet Asset Management Inc. raised its holdings in Putnam Municipal Opportunities Trust by 7.2% during the fourth quarter. Envestnet Asset Management Inc. now owns 125,584 shares of the financial services provider's stock worth $1,272,000 after acquiring an additional 8,469 shares in the last quarter. Finally, Smith Moore & CO. boosted its position in Putnam Municipal Opportunities Trust by 17.1% during the fourth quarter. Smith Moore & CO. now owns 77,712 shares of the financial services provider's stock valued at $787,000 after purchasing an additional 11,376 shares during the last quarter. Institutional investors own 20.40% of the company's stock.

Putnam Municipal Opportunities Trust Stock Up 0.3%

Shares of NYSE:PMO traded up $0.03 during trading on Monday, hitting $9.77. 120,826 shares of the company were exchanged, compared to its average volume of 95,163. Putnam Municipal Opportunities Trust has a fifty-two week low of $9.34 and a fifty-two week high of $10.96. The firm has a fifty day moving average price of $9.84 and a two-hundred day moving average price of $10.21.

Putnam Municipal Opportunities Trust Increases Dividend

The company also recently announced a monthly dividend, which was paid on Friday, May 30th. Investors of record on Monday, May 19th were issued a dividend of $0.0393 per share. This represents a $0.47 dividend on an annualized basis and a yield of 4.83%. This is an increase from Putnam Municipal Opportunities Trust's previous monthly dividend of $0.04. The ex-dividend date of this dividend was Monday, May 19th.

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.