B. Riley Wealth Advisors Inc. Sells 3,425 Shares of Putnam Municipal Opportunities Trust (NYSE:PMO)

B. Riley Wealth Advisors Inc. trimmed its holdings in Putnam Municipal Opportunities Trust (NYSE:PMO) by 21.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 12,349 shares of the financial services provider’s stock after selling 3,425 shares during the period. B. Riley Wealth Advisors Inc.’s holdings in Putnam Municipal Opportunities Trust were worth $135,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in PMO. Avior Wealth Management LLC raised its holdings in Putnam Municipal Opportunities Trust by 23.1% in the 3rd quarter. Avior Wealth Management LLC now owns 11,932 shares of the financial services provider’s stock valued at $130,000 after acquiring an additional 2,238 shares during the period. Moors & Cabot Inc. lifted its holdings in Putnam Municipal Opportunities Trust by 18.2% during the 3rd quarter. Moors & Cabot Inc. now owns 16,853 shares of the financial services provider’s stock worth $184,000 after purchasing an additional 2,600 shares during the last quarter. Stifel Financial Corp boosted its stake in Putnam Municipal Opportunities Trust by 9.3% in the 3rd quarter. Stifel Financial Corp now owns 35,601 shares of the financial services provider’s stock valued at $388,000 after purchasing an additional 3,040 shares during the period. Rockefeller Capital Management L.P. grew its holdings in Putnam Municipal Opportunities Trust by 4.3% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 139,457 shares of the financial services provider’s stock valued at $1,520,000 after buying an additional 5,697 shares in the last quarter. Finally, Blue Bell Private Wealth Management LLC bought a new position in Putnam Municipal Opportunities Trust during the 2nd quarter worth $62,000. 20.40% of the stock is currently owned by institutional investors.

Putnam Municipal Opportunities Trust Price Performance

Shares of Putnam Municipal Opportunities Trust stock opened at $10.22 on Monday. The firm has a 50-day moving average of $10.52 and a 200-day moving average of $10.48. Putnam Municipal Opportunities Trust has a 52-week low of $9.69 and a 52-week high of $10.96.

Putnam Municipal Opportunities Trust Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Monday, December 23rd will be issued a $0.035 dividend. This represents a $0.42 dividend on an annualized basis and a yield of 4.11%. The ex-dividend date of this dividend is Monday, December 23rd.

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.