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

Raymond James Financial Inc. acquired a new position in Putnam Municipal Opportunities Trust (NYSE:PMO - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 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 institutional investors also recently bought and sold shares of the company. Integrated Capital Management Inc. lifted its holdings in shares of 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 worth $206,000 after buying an additional 1,932 shares during the period. Avior Wealth Management LLC lifted its stake in 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 worth $156,000 after acquiring an additional 3,426 shares during the period. Cyndeo Wealth Partners LLC grew its holdings in 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 acquiring an additional 5,836 shares in the last quarter. Van ECK Associates Corp grew its holdings in Putnam Municipal Opportunities Trust by 2.7% during the 4th quarter. Van ECK Associates Corp now owns 233,858 shares of the financial services provider's stock worth $2,369,000 after acquiring an additional 6,217 shares in the last quarter. Finally, HighTower Advisors LLC increased its position in Putnam Municipal Opportunities Trust by 26.9% during the 4th 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. 20.40% of the stock is currently owned by hedge funds and other institutional investors.

Putnam Municipal Opportunities Trust Price Performance

Shares of PMO traded up $0.03 during mid-day trading on Friday, hitting $10.00. The company's stock had a trading volume of 84,900 shares, compared to its average volume of 95,649. The company's 50-day moving average is $10.01 and its 200-day moving average is $10.29. Putnam Municipal Opportunities Trust has a 52-week low of $9.34 and a 52-week high of $10.96.

Putnam Municipal Opportunities Trust Increases Dividend

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

About Putnam Municipal Opportunities Trust

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.