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

Invesco Ltd. lessened its stake in Putnam Municipal Opportunities Trust (NYSE:PMO - Free Report) by 52.4% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm 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 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Integrated Capital Management Inc. grew its position in Putnam Municipal Opportunities Trust by 10.5% in the 4th 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 boosted its holdings in shares of Putnam Municipal Opportunities Trust by 28.7% in 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 in the last quarter. Cyndeo Wealth Partners LLC increased its stake in shares of Putnam Municipal Opportunities Trust by 17.8% during the fourth 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 during the period. Van ECK Associates Corp raised 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 purchasing an additional 6,217 shares in the last quarter. Finally, HighTower Advisors LLC lifted its position 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 purchasing an additional 6,750 shares during the period. Institutional investors and hedge funds own 20.40% of the company's stock.

Putnam Municipal Opportunities Trust Price Performance

PMO traded up $0.05 during trading on Wednesday, reaching $9.96. The company's stock had a trading volume of 72,395 shares, compared to its average volume of 96,229. The company's fifty day moving average price is $10.05 and its 200-day moving average price is $10.30. Putnam Municipal Opportunities Trust has a 52-week low of $9.34 and a 52-week high of $10.96.

Putnam Municipal Opportunities Trust Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, April 30th. Investors of record on Thursday, April 17th were paid a $0.035 dividend. The ex-dividend date of this dividend was Thursday, April 17th. This represents a $0.42 dividend on an annualized basis and a dividend yield of 4.22%.

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.