MML Investors Services LLC lifted its position in Putnam Municipal Opportunities Trust (NYSE:PMO) by 13.6% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 20,001 shares of the financial services provider’s stock after purchasing an additional 2,399 shares during the quarter. MML Investors Services LLC owned about 0.05% of Putnam Municipal Opportunities Trust worth $250,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of PMO. Sheaff Brock Investment Advisors LLC bought a new stake in shares of Putnam Municipal Opportunities Trust in the second quarter worth about $179,000. Wedbush Securities Inc. boosted its stake in Putnam Municipal Opportunities Trust by 12.8% during the second 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 during the last quarter. Van ECK Associates Corp boosted its stake in Putnam Municipal Opportunities Trust by 23.5% during the second quarter. Van ECK Associates Corp now owns 107,000 shares of the financial services provider’s stock valued at $1,338,000 after buying an additional 20,388 shares during the last quarter. Finally, Wells Fargo & Company MN boosted its stake in Putnam Municipal Opportunities Trust by 7.1% during the second quarter. Wells Fargo & Company MN now owns 264,612 shares of the financial services provider’s stock valued at $3,308,000 after buying an additional 17,611 shares during the last quarter. 13.62% of the stock is currently owned by hedge funds and other institutional investors.

Putnam Municipal Opportunities Trust (NYSE:PMO) opened at 12.65 on Wednesday. Putnam Municipal Opportunities Trust has a 52 week low of $11.57 and a 52 week high of $13.27. The company’s 50-day moving average price is $12.66 and its 200-day moving average price is $12.46.

The business also recently announced a monthly dividend, which will be paid on Wednesday, November 1st. Stockholders of record on Tuesday, October 24th will be given a $0.0541 dividend. The ex-dividend date is Monday, October 23rd. This represents a $0.65 annualized dividend and a dividend yield of 5.13%.

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About Putnam Municipal Opportunities Trust

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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