Ladenburg Thalmann Financial Services Inc. Grows Position in Putnam Municipal Opportunities Trust (NYSE:PMO)

Ladenburg Thalmann Financial Services Inc. grew its holdings in Putnam Municipal Opportunities Trust (NYSE:PMO) by 59.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 22,367 shares of the financial services provider’s stock after buying an additional 8,320 shares during the period. Ladenburg Thalmann Financial Services Inc. owned 0.06% of Putnam Municipal Opportunities Trust worth $282,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in PMO. Sheaff Brock Investment Advisors LLC acquired a new stake in shares of Putnam Municipal Opportunities Trust in the second quarter valued at approximately $179,000. Wells Fargo & Company MN lifted its holdings in Putnam Municipal Opportunities Trust by 7.1% during the 2nd quarter. Wells Fargo & Company MN now owns 264,612 shares of the financial services provider’s stock worth $3,308,000 after purchasing an additional 17,611 shares during the last quarter. Van ECK Associates Corp lifted its holdings in Putnam Municipal Opportunities Trust by 23.5% during the 2nd quarter. Van ECK Associates Corp now owns 107,000 shares of the financial services provider’s stock worth $1,338,000 after purchasing an additional 20,388 shares during the last quarter. MML Investors Services LLC lifted its holdings in Putnam Municipal Opportunities Trust by 13.6% during the 2nd quarter. MML Investors Services LLC now owns 20,001 shares of the financial services provider’s stock worth $250,000 after purchasing an additional 2,399 shares during the last quarter. Finally, First Allied Advisory Services Inc. lifted its holdings in Putnam Municipal Opportunities Trust by 19.3% during the 2nd quarter. First Allied Advisory Services Inc. now owns 33,067 shares of the financial services provider’s stock worth $414,000 after purchasing an additional 5,350 shares during the last quarter. 13.90% of the stock is owned by institutional investors.

Shares of Putnam Municipal Opportunities Trust (NYSE:PMO) opened at $12.43 on Friday. Putnam Municipal Opportunities Trust has a fifty-two week low of $11.79 and a fifty-two week high of $12.85.

The company also recently declared a monthly dividend, which will be paid on Thursday, February 1st. Investors of record on Wednesday, January 24th will be issued a dividend of $0.0541 per share. The ex-dividend date of this dividend is Tuesday, January 23rd. This represents a $0.65 annualized dividend and a yield of 5.22%.

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About Putnam Municipal Opportunities Trust

Putnam Municipal Opportunities Trust (The Fund) is a diversified, closed-end fund. The Fund offers a dividend reinvestment plan. The fund seeks to provide as high a level of current income free from federal income tax. The Fund intends to achieve its objective by investing in a portfolio of investment-grade and some below investment-grade municipal bonds selected by Putnam Investment Management, LLC (Putnam Management).

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

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