Putnam Mun Oppo Announces Monthly Dividend of $0.04 (NYSE:PMO)

Putnam Mun Oppo (NYSE:PMO) announced a monthly dividend on Monday, February 23rd. Shareholders of record on Thursday, May 21st will be paid a dividend of 0.0393 per share by the financial services provider on Friday, May 29th. This represents a c) dividend on an annualized basis and a yield of 4.4%. The ex-dividend date is Thursday, May 21st.

Putnam Mun Oppo Trading Up 0.1%

PMO traded up $0.01 during trading on Monday, reaching $10.70. 51,443 shares of the company traded hands, compared to its average volume of 64,084. Putnam Mun Oppo has a 12-month low of $9.34 and a 12-month high of $10.79. The firm has a fifty day simple moving average of $10.60 and a 200 day simple moving average of $10.37.

Institutional Trading of Putnam Mun Oppo

Several hedge funds have recently bought and sold shares of PMO. Guggenheim Capital LLC boosted its holdings in shares of Putnam Mun Oppo by 9.2% during the 4th quarter. Guggenheim Capital LLC now owns 663,914 shares of the financial services provider’s stock valued at $7,104,000 after purchasing an additional 56,158 shares during the last quarter. Advisors Asset Management Inc. increased its holdings in shares of Putnam Mun Oppo by 42.3% in the fourth quarter. Advisors Asset Management Inc. now owns 598,344 shares of the financial services provider’s stock worth $6,402,000 after purchasing an additional 177,794 shares during the last quarter. Pathstone Holdings LLC lifted its position in shares of Putnam Mun Oppo by 6.4% in the third quarter. Pathstone Holdings LLC now owns 563,544 shares of the financial services provider’s stock worth $5,821,000 after buying an additional 33,826 shares in the last quarter. Hennion & Walsh Asset Management Inc. lifted its position in shares of Putnam Mun Oppo by 15.8% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 518,691 shares of the financial services provider’s stock worth $5,550,000 after buying an additional 70,735 shares in the last quarter. Finally, Rivernorth Capital Management LLC boosted its stake in Putnam Mun Oppo by 72.8% during the fourth quarter. Rivernorth Capital Management LLC now owns 427,625 shares of the financial services provider’s stock valued at $4,576,000 after buying an additional 180,105 shares during the last quarter. Hedge funds and other institutional investors own 20.40% of the company’s stock.

About Putnam Mun Oppo

Putnam Municipal Opportunities Trust (NYSE: PMO) is a diversified closed-end management investment company that seeks to provide current income exempt from federal income tax with a secondary objective of capital preservation. Established in 1982 and advised by Putnam Investment Management, the Trust invests primarily in municipal securities issued by U.S. states, municipalities and their instrumentalities. Its strategy combines high-quality bonds with selectively chosen sectors in the municipal market to generate tax-advantaged income for shareholders.

The Trust’s portfolio generally comprises general obligation bonds, revenue bonds and insured municipal securities, as well as unrated issues judged by its adviser to possess equivalent credit quality.