Riverbridge Partners LLC Sells 1,181 Shares of Putnam Municipal Opportunities Trust (NYSE:PMO)

Riverbridge Partners LLC lessened its position in Putnam Municipal Opportunities Trust (NYSE:PMOFree 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

The company also recently announced a monthly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Friday, January 24th will be given a $0.035 dividend. This represents a $0.42 annualized dividend and a dividend yield of 4.10%. The ex-dividend date of this dividend is Friday, January 24th.

Putnam Municipal Opportunities Trust Company Profile

(Free Report)

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

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

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