Raymond James Financial Inc. Buys Shares of 90,454 Putnam Municipal Opportunities Trust (NYSE:PMO)

Raymond James Financial Inc. purchased a new stake in shares of Putnam Municipal Opportunities Trust (NYSE:PMO - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 90,454 shares of the financial services provider's stock, valued at approximately $916,000. Raymond James Financial Inc. owned approximately 0.28% of Putnam Municipal Opportunities Trust as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Hennion & Walsh Asset Management Inc. raised its stake in shares of Putnam Municipal Opportunities Trust by 2,144.1% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 344,532 shares of the financial services provider's stock worth $3,490,000 after purchasing an additional 329,179 shares during the last quarter. Advisors Asset Management Inc. increased its position in Putnam Municipal Opportunities Trust by 92.2% during the fourth quarter. Advisors Asset Management Inc. now owns 291,314 shares of the financial services provider's stock valued at $2,951,000 after acquiring an additional 139,739 shares during the last quarter. Van ECK Associates Corp increased its position 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 valued at $2,369,000 after acquiring an additional 6,217 shares during the last quarter. Wells Fargo & Company MN increased its position in Putnam Municipal Opportunities Trust by 14.7% during the fourth quarter. Wells Fargo & Company MN now owns 151,244 shares of the financial services provider's stock valued at $1,532,000 after acquiring an additional 19,437 shares during the last quarter. Finally, Intellus Advisors LLC purchased a new stake in Putnam Municipal Opportunities Trust during the fourth quarter valued at $1,286,000. 20.40% of the stock is currently owned by institutional investors.

Putnam Municipal Opportunities Trust Stock Up 0.3%

Putnam Municipal Opportunities Trust stock traded up $0.03 during mid-day trading on Friday, reaching $10.00. 84,900 shares of the stock traded hands, compared to its average volume of 95,653. Putnam Municipal Opportunities Trust has a 12-month low of $9.34 and a 12-month high of $10.96. The business's 50-day moving average is $10.01 and its 200-day moving average is $10.29.

Putnam Municipal Opportunities Trust Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, May 30th. Shareholders of record on Monday, May 19th will be given a $0.0393 dividend. This is a boost from Putnam Municipal Opportunities Trust's previous monthly dividend of $0.04. The ex-dividend date is Monday, May 19th. This represents a $0.47 dividend on an annualized basis and a yield of 4.72%.

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.