Putnam Municipal Opportunities Trust (NYSE:PMO) Holdings Boosted by Cambridge Investment Research Advisors Inc.

Cambridge Investment Research Advisors Inc. boosted its position in shares of Putnam Municipal Opportunities Trust (NYSE:PMO – Get Rating) by 14.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 43,698 shares of the financial services provider’s stock after purchasing an additional 5,422 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in Putnam Municipal Opportunities Trust were worth $474,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Melfa Wealth Management LLC purchased a new position in shares of Putnam Municipal Opportunities Trust during the 4th quarter valued at $5,204,000. Robinson Capital Management LLC purchased a new position in shares of Putnam Municipal Opportunities Trust during the 1st quarter valued at $1,738,000. LPL Financial LLC grew its holdings in shares of Putnam Municipal Opportunities Trust by 295.3% during the 4th quarter. LPL Financial LLC now owns 122,272 shares of the financial services provider’s stock valued at $1,327,000 after acquiring an additional 91,342 shares in the last quarter. Baird Financial Group Inc. acquired a new stake in shares of Putnam Municipal Opportunities Trust in the 3rd quarter valued at $457,000. Finally, Commonwealth Equity Services LLC lifted its stake in shares of Putnam Municipal Opportunities Trust by 10.9% in the 3rd quarter. Commonwealth Equity Services LLC now owns 431,089 shares of the financial services provider’s stock valued at $4,224,000 after purchasing an additional 42,329 shares during the last quarter. 10.99% of the stock is currently owned by hedge funds and other institutional investors.

Putnam Municipal Opportunities Trust Stock Down 0.5 %

PMO stock opened at $9.73 on Friday. Putnam Municipal Opportunities Trust has a 1 year low of $9.72 and a 1 year high of $12.98. The company has a fifty day simple moving average of $10.31 and a 200 day simple moving average of $10.96.

Putnam Municipal Opportunities Trust Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, July 3rd. Shareholders of record on Friday, June 23rd will be given a dividend of $0.035 per share. This represents a $0.42 dividend on an annualized basis and a yield of 4.32%. The ex-dividend date is Thursday, June 22nd.

Putnam Municipal Opportunities Trust Company Profile

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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.