Invesco Ltd. Reduces Holdings in Putnam Municipal Opportunities Trust (NYSE:PMO)

Invesco Ltd. lowered its stake in Putnam Municipal Opportunities Trust (NYSE:PMO - Free Report) by 52.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,760 shares of the financial services provider's stock after selling 25,069 shares during the period. Invesco Ltd. owned 0.07% of Putnam Municipal Opportunities Trust worth $231,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Integrated Capital Management Inc. boosted 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 buying an additional 1,932 shares during the last quarter. Avior Wealth Management LLC increased its position in shares of Putnam Municipal Opportunities Trust by 28.7% during the fourth quarter. Avior Wealth Management LLC now owns 15,358 shares of the financial services provider's stock valued at $156,000 after acquiring an additional 3,426 shares during the last quarter. Cyndeo Wealth Partners LLC raised its stake 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 purchasing an additional 5,836 shares during the period. Van ECK Associates Corp increased its holdings in Putnam Municipal Opportunities Trust by 2.7% during the fourth quarter. Van ECK Associates Corp now owns 233,858 shares of the financial services provider's stock worth $2,369,000 after buying an additional 6,217 shares during the last quarter. Finally, HighTower Advisors LLC boosted its stake in Putnam Municipal Opportunities Trust by 26.9% in the fourth quarter. HighTower Advisors LLC now owns 31,845 shares of the financial services provider's stock valued at $323,000 after acquiring an additional 6,750 shares during the last quarter. Institutional investors own 20.40% of the company's stock.

Putnam Municipal Opportunities Trust Price Performance

Putnam Municipal Opportunities Trust stock traded up $0.06 during trading on Friday, hitting $10.03. The stock had a trading volume of 36,321 shares, compared to its average volume of 95,378. The stock's 50 day moving average is $10.02 and its two-hundred day moving average is $10.29. Putnam Municipal Opportunities Trust has a 1 year low of $9.34 and a 1 year high of $10.96.

Putnam Municipal Opportunities Trust Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, May 30th. Stockholders of record on Monday, May 19th will be issued a $0.0393 dividend. This represents a $0.47 dividend on an annualized basis and a dividend yield of 4.70%. This is an increase from Putnam Municipal Opportunities Trust's previous monthly dividend of $0.04. The ex-dividend date of this dividend is Monday, May 19th.

Putnam Municipal Opportunities Trust 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.