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

Riverbridge Partners LLC trimmed its holdings in shares of Putnam Municipal Opportunities Trust (NYSE:PMO) by 1.8% during the fourth quarter, Holdings Channel.com reports. The fund owned 65,618 shares of the financial services provider’s stock after selling 1,181 shares during the quarter. Riverbridge Partners LLC’s holdings in Putnam Municipal Opportunities Trust were worth $665,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Hennion & Walsh Asset Management Inc. grew its position 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 purchasing an additional 329,179 shares in the last quarter. Park Avenue Securities LLC boosted its stake 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 buying an additional 7,450 shares during the period. Integrated Capital Management Inc. boosted its stake 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 buying an additional 1,932 shares during the period. Rivernorth Capital Management LLC grew its position in Putnam Municipal Opportunities Trust by 61.4% during the third quarter. Rivernorth Capital Management LLC now owns 179,697 shares of the financial services provider’s stock worth $1,959,000 after buying an additional 68,382 shares in the last quarter. Finally, Kovitz Investment Group Partners LLC bought a new position in Putnam Municipal Opportunities Trust during the 3rd quarter worth $349,000. Institutional investors and hedge funds own 20.40% of the company’s stock.

Putnam Municipal Opportunities Trust Stock Down 1.1 %

Shares of NYSE PMO opened at $10.25 on Friday. Putnam Municipal Opportunities Trust has a fifty-two week low of $9.69 and a fifty-two week high of $10.96. The business has a fifty day moving average price of $10.35 and a two-hundred day moving average price of $10.47.

Putnam Municipal Opportunities Trust Announces Dividend

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

Putnam Municipal Opportunities Trust 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.