Raymond James Financial Services Advisors Inc. cut its stake in Putnam Municipal Opportunities Trust (NYSE:PMO) by 7.7% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 52,666 shares of the financial services provider’s stock after selling 4,394 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in Putnam Municipal Opportunities Trust were worth $615,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in PMO. Sei Investments Co. boosted its stake in Putnam Municipal Opportunities Trust by 128.7% during the first quarter. Sei Investments Co. now owns 9,147 shares of the financial services provider’s stock valued at $107,000 after buying an additional 5,147 shares during the period. LPL Financial LLC boosted its stake in Putnam Municipal Opportunities Trust by 46.9% during the first quarter. LPL Financial LLC now owns 28,790 shares of the financial services provider’s stock valued at $336,000 after buying an additional 9,196 shares during the period. Wetherby Asset Management Inc. bought a new stake in Putnam Municipal Opportunities Trust during the second quarter valued at $121,000. Millennium Management LLC bought a new stake in Putnam Municipal Opportunities Trust during the first quarter valued at $122,000. Finally, Guggenheim Capital LLC boosted its stake in Putnam Municipal Opportunities Trust by 2.3% during the first quarter. Guggenheim Capital LLC now owns 480,697 shares of the financial services provider’s stock valued at $5,605,000 after buying an additional 10,600 shares during the period. Institutional investors own 19.09% of the company’s stock.

NYSE:PMO opened at $11.69 on Friday. Putnam Municipal Opportunities Trust has a 52-week low of $11.44 and a 52-week high of $12.85.

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, September 4th. Investors of record on Friday, August 24th will be paid a dividend of $0.0424 per share. This represents a $0.51 annualized dividend and a yield of 4.35%. The ex-dividend date of this dividend is Thursday, August 23rd.

About Putnam Municipal Opportunities Trust

There is no company description available for Putnam Municipal Opportunities Trust.

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

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