Ameriprise Financial Inc. Sells 2,192 Shares of Putnam Municipal Opportunities Trust (PMO)

Ameriprise Financial Inc. decreased its position in shares of Putnam Municipal Opportunities Trust (NYSE:PMO) by 10.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 19,393 shares of the financial services provider’s stock after selling 2,192 shares during the quarter. Ameriprise Financial Inc. owned approximately 0.05% of Putnam Municipal Opportunities Trust worth $242,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in PMO. Wedbush Securities Inc. boosted its position in shares of Putnam Municipal Opportunities Trust by 12.8% during 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 during the last quarter. Sheaff Brock Investment Advisors LLC acquired a new position in Putnam Municipal Opportunities Trust in the second quarter valued at about $179,000. Finally, Wells Fargo & Company MN lifted its position in 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 valued at $3,308,000 after buying an additional 17,611 shares during the last quarter. 13.51% of the stock is currently owned by hedge funds and other institutional investors.

Putnam Municipal Opportunities Trust (NYSE:PMO) opened at $12.65 on Friday. Putnam Municipal Opportunities Trust has a 1 year low of $11.61 and a 1 year high of $12.85.

The business also recently announced a monthly dividend, which will be paid on Friday, December 1st. Shareholders of record on Friday, November 24th will be given a $0.0541 dividend. The ex-dividend date of this dividend is Wednesday, November 22nd. This represents a $0.65 dividend on an annualized basis and a 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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