Cambridge Investment Research Advisors Inc. reduced its position in Putnam Municipal Opportunities Trust (NYSE:PMO) by 9.7% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 27,565 shares of the financial services provider’s stock after selling 2,972 shares during the period. Cambridge Investment Research Advisors Inc. owned 0.07% of Putnam Municipal Opportunities Trust worth $345,000 at the end of the most recent quarter.

Separately, Wedbush Securities Inc. boosted its holdings in shares of Putnam Municipal Opportunities Trust by 12.8% in the 2nd quarter. Wedbush Securities Inc. now owns 28,090 shares of the financial services provider’s stock valued at $351,000 after buying an additional 3,198 shares in the last quarter. Hedge funds and other institutional investors own 13.62% of the company’s stock.

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Shares of Putnam Municipal Opportunities Trust (NYSE PMO) opened at 12.82 on Friday. The stock has a 50 day moving average of $12.63 and a 200-day moving average of $12.39. Putnam Municipal Opportunities Trust has a 12-month low of $11.57 and a 12-month high of $13.52.

The business also recently disclosed a monthly dividend, which was paid on Friday, September 1st. Stockholders of record on Thursday, August 24th were given a dividend of $0.0541 per share. This represents a $0.65 dividend on an annualized basis and a dividend yield of 5.06%. The ex-dividend date of this dividend was Tuesday, August 22nd.

Putnam Municipal Opportunities Trust Company Profile

Putnam Municipal Opportunities Trust (The Fund) is a diversified, closed-end fund. The Fund offers a dividend reinvestment plan. The fund seeks to provide as high a level of current income free from federal income tax. The Fund intends to achieve its objective by investing in a portfolio of investment-grade and some below investment-grade municipal bonds selected by Putnam Investment Management, LLC (Putnam Management).

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

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