Putnam Municipal Opportunities Trust (NYSE:PMO) Shares Acquired by Rivernorth Capital Management LLC

Rivernorth Capital Management LLC boosted its position in Putnam Municipal Opportunities Trust (NYSE:PMO) by 61.4% during the 3rd quarter, Holdings Channel reports. The fund owned 179,697 shares of the financial services provider’s stock after acquiring an additional 68,382 shares during the quarter. Rivernorth Capital Management LLC’s holdings in Putnam Municipal Opportunities Trust were worth $1,959,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Pathstone Holdings LLC acquired a new position in shares of Putnam Municipal Opportunities Trust during the 3rd quarter worth about $3,898,000. Rothschild Investment LLC acquired a new stake in Putnam Municipal Opportunities Trust during the second quarter worth approximately $2,000,000. Allspring Global Investments Holdings LLC acquired a new stake in Putnam Municipal Opportunities Trust during the second quarter worth approximately $422,000. Wolverine Asset Management LLC boosted its holdings in shares of Putnam Municipal Opportunities Trust by 116.1% in the 3rd quarter. Wolverine Asset Management LLC now owns 63,488 shares of the financial services provider’s stock valued at $692,000 after buying an additional 34,104 shares in the last quarter. Finally, Cyndeo Wealth Partners LLC purchased a new position in shares of Putnam Municipal Opportunities Trust in the 3rd quarter valued at $357,000. Hedge funds and other institutional investors own 20.40% of the company’s stock.

Putnam Municipal Opportunities Trust Trading Down 0.7 %

Shares of NYSE:PMO opened at $10.62 on Friday. Putnam Municipal Opportunities Trust has a 12 month low of $9.69 and a 12 month high of $10.96. The company’s fifty day moving average price is $10.57 and its 200 day moving average price is $10.45.

Putnam Municipal Opportunities Trust Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Monday, December 23rd will be issued a $0.035 dividend. This represents a $0.42 annualized dividend and a dividend yield of 3.95%. The ex-dividend date is Monday, December 23rd.

About Putnam Municipal Opportunities Trust

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.