Putnam Municipal Opportunities Trust (PMO) Position Decreased by Wells Fargo & Company MN

Wells Fargo & Company MN decreased its stake in Putnam Municipal Opportunities Trust (NYSE:PMO) by 18.1% in the third quarter, HoldingsChannel.com reports. The firm owned 216,702 shares of the financial services provider’s stock after selling 47,910 shares during the period. Wells Fargo & Company MN’s holdings in Putnam Municipal Opportunities Trust were worth $2,737,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in PMO. Sheaff Brock Investment Advisors LLC acquired a new position in shares of Putnam Municipal Opportunities Trust in the 2nd quarter valued at $179,000. Van ECK Associates Corp boosted its position in Putnam Municipal Opportunities Trust by 23.5% during the 2nd quarter. Van ECK Associates Corp now owns 107,000 shares of the financial services provider’s stock worth $1,338,000 after acquiring an additional 20,388 shares during the period. MML Investors Services LLC boosted its position in Putnam Municipal Opportunities Trust by 13.6% during the 2nd quarter. MML Investors Services LLC now owns 20,001 shares of the financial services provider’s stock worth $250,000 after acquiring an additional 2,399 shares during the period. First Allied Advisory Services Inc. boosted its position in Putnam Municipal Opportunities Trust by 19.3% during the 2nd quarter. First Allied Advisory Services Inc. now owns 33,067 shares of the financial services provider’s stock worth $414,000 after acquiring an additional 5,350 shares during the period. Finally, Raymond James Financial Services Advisors Inc. boosted its position in Putnam Municipal Opportunities Trust by 141.8% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 35,168 shares of the financial services provider’s stock worth $440,000 after acquiring an additional 20,621 shares during the period. Institutional investors and hedge funds own 13.90% of the company’s stock.

Shares of Putnam Municipal Opportunities Trust (PMO) opened at $12.43 on Friday. Putnam Municipal Opportunities Trust has a 1 year low of $11.79 and a 1 year high of $12.85.

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, February 1st. Shareholders of record on Wednesday, January 24th will be given a dividend of $0.0541 per share. The ex-dividend date of this dividend is Tuesday, January 23rd. This represents a $0.65 dividend on an annualized basis and a yield of 5.22%.

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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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