Advisors Asset Management Inc. cut its holdings in Putnam Municipal Opportunities Trust (NYSE:PMO) by 15.9% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 243,020 shares of the financial services provider’s stock after selling 45,952 shares during the quarter. Advisors Asset Management Inc. owned about 0.64% of Putnam Municipal Opportunities Trust worth $3,069,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of PMO. Wedbush Securities Inc. lifted its stake in 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 acquiring an additional 3,198 shares in the last quarter. Sheaff Brock Investment Advisors LLC bought a new stake in Putnam Municipal Opportunities Trust in the 2nd quarter valued at approximately $179,000. Wells Fargo & Company MN lifted its stake in Putnam Municipal Opportunities Trust by 7.1% in the 2nd quarter. Wells Fargo & Company MN now owns 264,612 shares of the financial services provider’s stock valued at $3,308,000 after acquiring an additional 17,611 shares in the last quarter. Van ECK Associates Corp lifted its stake in Putnam Municipal Opportunities Trust by 23.5% in the 2nd quarter. Van ECK Associates Corp now owns 107,000 shares of the financial services provider’s stock valued at $1,338,000 after acquiring an additional 20,388 shares in the last quarter. Finally, MML Investors Services LLC lifted its stake in Putnam Municipal Opportunities Trust by 13.6% in the 2nd quarter. MML Investors Services LLC now owns 20,001 shares of the financial services provider’s stock valued at $250,000 after acquiring an additional 2,399 shares in the last quarter. Institutional investors and hedge funds own 13.04% of the company’s stock.

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Putnam Municipal Opportunities Trust (NYSE:PMO) remained flat at $$12.65 during midday trading on Friday. 52,100 shares of the company were exchanged, compared to its average volume of 70,288. Putnam Municipal Opportunities Trust has a 12-month low of $11.61 and a 12-month high of $12.85.

The company also recently announced a monthly dividend, which will be paid on Thursday, February 1st. Shareholders of record on Wednesday, January 24th will be paid a $0.0541 dividend. This represents a $0.65 annualized dividend and a yield of 5.13%. The ex-dividend date is Tuesday, January 23rd.

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).

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

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