SeaCrest Wealth Management LLC Takes $41,000 Position in Putnam Municipal Opportunities Trust (NYSE:PMO)

SeaCrest Wealth Management LLC acquired a new stake in shares of Putnam Municipal Opportunities Trust (NYSE:PMOGet Rating) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 3,500 shares of the financial services provider’s stock, valued at approximately $41,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Raymond James Financial Services Advisors Inc. raised its position in Putnam Municipal Opportunities Trust by 2.8% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 123,430 shares of the financial services provider’s stock valued at $1,438,000 after acquiring an additional 3,380 shares in the last quarter. Tcwp LLC bought a new position in shares of Putnam Municipal Opportunities Trust in the first quarter valued at approximately $40,000. Advisor Group Holdings Inc. raised its position in shares of Putnam Municipal Opportunities Trust by 3.0% in the first quarter. Advisor Group Holdings Inc. now owns 123,153 shares of the financial services provider’s stock valued at $1,402,000 after purchasing an additional 3,538 shares during the period. Smith Moore & CO. raised its position in shares of Putnam Municipal Opportunities Trust by 7.6% in the first quarter. Smith Moore & CO. now owns 72,592 shares of the financial services provider’s stock valued at $846,000 after purchasing an additional 5,113 shares during the period. Finally, Herold Advisors Inc. bought a new position in shares of Putnam Municipal Opportunities Trust in the first quarter valued at approximately $68,000. Institutional investors own 11.79% of the company’s stock.

Putnam Municipal Opportunities Trust Price Performance

NYSE:PMO opened at $11.04 on Tuesday. Putnam Municipal Opportunities Trust has a 12 month low of $9.75 and a 12 month high of $15.00. The company’s 50 day moving average is $10.38 and its 200-day moving average is $11.20.

Putnam Municipal Opportunities Trust Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Thursday, December 1st. Stockholders of record on Wednesday, November 23rd will be given a $0.0531 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 5.77%. The ex-dividend date of this dividend is Tuesday, November 22nd.

About Putnam Municipal Opportunities Trust

(Get Rating)

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.

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Institutional Ownership by Quarter for Putnam Municipal Opportunities Trust (NYSE:PMO)

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