Raymond James Financial Services Advisors Inc. lifted its position in Putnam Municipal Opportunities Trust (NYSE:PMO) by 141.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 35,168 shares of the financial services provider’s stock after purchasing an additional 20,621 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in Putnam Municipal Opportunities Trust were worth $440,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Wells Fargo & Company MN raised its stake in shares of Putnam Municipal Opportunities Trust by 7.1% in the second quarter. Wells Fargo & Company MN now owns 264,612 shares of the financial services provider’s stock worth $3,308,000 after purchasing an additional 17,611 shares during the last quarter. Wedbush Securities Inc. raised its stake in shares of Putnam Municipal Opportunities Trust by 12.8% in the second quarter. Wedbush Securities Inc. now owns 28,090 shares of the financial services provider’s stock worth $351,000 after purchasing an additional 3,198 shares during the last quarter. Van ECK Associates Corp raised its stake in shares of Putnam Municipal Opportunities Trust by 23.5% in the second quarter. Van ECK Associates Corp now owns 107,000 shares of the financial services provider’s stock worth $1,338,000 after purchasing an additional 20,388 shares during the last quarter. Sheaff Brock Investment Advisors LLC purchased a new position in shares of Putnam Municipal Opportunities Trust in the second quarter worth about $179,000. Finally, First Allied Advisory Services Inc. raised its stake in shares of Putnam Municipal Opportunities Trust by 19.3% in the second quarter. First Allied Advisory Services Inc. now owns 33,067 shares of the financial services provider’s stock worth $414,000 after purchasing an additional 5,350 shares during the last quarter. Hedge funds and other institutional investors own 13.59% of the company’s stock.

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Putnam Municipal Opportunities Trust (PMO) opened at $12.49 on Friday. Putnam Municipal Opportunities Trust has a 12 month low of $11.57 and a 12 month high of $12.85.

The company also recently disclosed a monthly dividend, which will be paid on Friday, December 1st. Stockholders of record on Friday, November 24th will be paid a $0.0541 dividend. This represents a $0.65 annualized dividend and a dividend yield of 5.20%. The ex-dividend date is Wednesday, November 22nd.

Putnam Municipal Opportunities Trust 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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