Riverbridge Partners LLC lessened its position in Putnam Municipal Opportunities Trust (NYSE:PMO – Free Report) by 1.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 65,618 shares of the financial services provider’s stock after selling 1,181 shares during the period. Riverbridge Partners LLC owned about 0.21% of Putnam Municipal Opportunities Trust worth $665,000 at the end of the most recent quarter.
Several other institutional investors also recently modified their holdings of the company. Hennion & Walsh Asset Management Inc. increased its holdings in shares of Putnam Municipal Opportunities Trust by 2,144.1% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 344,532 shares of the financial services provider’s stock worth $3,490,000 after acquiring an additional 329,179 shares during the last quarter. Park Avenue Securities LLC increased its holdings in shares of Putnam Municipal Opportunities Trust by 7.1% in the fourth quarter. Park Avenue Securities LLC now owns 112,497 shares of the financial services provider’s stock valued at $1,140,000 after purchasing an additional 7,450 shares during the last quarter. Integrated Capital Management Inc. increased its holdings in shares of Putnam Municipal Opportunities Trust by 10.5% in the fourth quarter. Integrated Capital Management Inc. now owns 20,325 shares of the financial services provider’s stock valued at $206,000 after purchasing an additional 1,932 shares during the last quarter. Rivernorth Capital Management LLC raised its position in shares of Putnam Municipal Opportunities Trust by 61.4% in the third quarter. Rivernorth Capital Management LLC now owns 179,697 shares of the financial services provider’s stock valued at $1,959,000 after purchasing an additional 68,382 shares during the period. Finally, Kovitz Investment Group Partners LLC acquired a new stake in shares of Putnam Municipal Opportunities Trust during the 3rd quarter worth about $349,000. 20.40% of the stock is currently owned by institutional investors and hedge funds.
Putnam Municipal Opportunities Trust Stock Down 1.1 %
Shares of PMO stock opened at $10.25 on Friday. Putnam Municipal Opportunities Trust has a 52 week low of $9.69 and a 52 week high of $10.96. The company has a 50-day simple moving average of $10.35 and a 200 day simple moving average of $10.47.
Putnam Municipal Opportunities Trust Dividend Announcement
Putnam Municipal Opportunities Trust Company Profile
Putnam Municipal Opportunities Trust is a closed ended fixed income mutual fund launched and managed by Putnam Investment Management, LLC. The fund is co-managed by Putnam Investments Limited. It invests in fixed income markets of United States. The fund invests in companies operating across healthcare, utilities, transportation, water and sewer, and housing sectors.
Further Reading
- Five stocks we like better than Putnam Municipal Opportunities Trust
- Why Are Stock Sectors Important to Successful Investing?
- Market Momentum: 3 Stocks Poised for Significant Breakouts
- When to Sell a Stock for Profit or Loss
- Kinder Morgan’s Uptrend is Only Half Over: New Highs Are Coming
- What is the Euro STOXX 50 Index?
- Momentum Builders: 3 Stocks Positioned to Shine This Quarter
Receive News & Ratings for Putnam Municipal Opportunities Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Putnam Municipal Opportunities Trust and related companies with MarketBeat.com's FREE daily email newsletter.