Rockefeller Capital Management L.P. Sells 45,931 Shares of Putnam Municipal Opportunities Trust (NYSE:PMO)

Rockefeller Capital Management L.P. cut its position in shares of Putnam Municipal Opportunities Trust (NYSE:PMO) by 32.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 93,526 shares of the financial services provider’s stock after selling 45,931 shares during the period. Rockefeller Capital Management L.P. owned approximately 0.29% of Putnam Municipal Opportunities Trust worth $947,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in PMO. Integrated Capital Management Inc. increased its position in 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 worth $206,000 after purchasing an additional 1,932 shares during the last quarter. Stifel Financial Corp lifted its holdings in shares of 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 acquiring an additional 3,040 shares during the last quarter. Avior Wealth Management LLC grew its position in Putnam Municipal Opportunities Trust by 28.7% in the fourth quarter. Avior Wealth Management LLC now owns 15,358 shares of the financial services provider’s stock worth $156,000 after acquiring an additional 3,426 shares in the last quarter. Cyndeo Wealth Partners LLC lifted its stake in shares of Putnam Municipal Opportunities Trust by 17.8% in the 4th quarter. Cyndeo Wealth Partners LLC now owns 38,629 shares of the financial services provider’s stock valued at $391,000 after purchasing an additional 5,836 shares during the last quarter. Finally, Van ECK Associates Corp increased its position in shares of Putnam Municipal Opportunities Trust by 2.7% during the 4th quarter. Van ECK Associates Corp now owns 233,858 shares of the financial services provider’s stock valued at $2,369,000 after purchasing an additional 6,217 shares during the last quarter. Hedge funds and other institutional investors own 20.40% of the company’s stock.

Putnam Municipal Opportunities Trust Stock Performance

NYSE:PMO opened at $9.57 on Tuesday. The stock’s fifty day moving average is $10.23 and its 200 day moving average is $10.37. Putnam Municipal Opportunities Trust has a fifty-two week low of $9.34 and a fifty-two week high of $10.96.

Putnam Municipal Opportunities Trust Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Thursday, April 17th will be issued a $0.035 dividend. The ex-dividend date is Thursday, April 17th. This represents a $0.42 annualized dividend and a dividend yield of 4.39%.

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.