Hennion & Walsh Asset Management Inc. Grows Stock Position in Putnam Mun Oppo $PMO

Hennion & Walsh Asset Management Inc. boosted its holdings in Putnam Mun Oppo (NYSE:PMO) by 15.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 518,691 shares of the financial services provider’s stock after acquiring an additional 70,735 shares during the period. Hennion & Walsh Asset Management Inc. owned 1.63% of Putnam Mun Oppo worth $5,550,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in PMO. Advisors Asset Management Inc. grew its position in shares of Putnam Mun Oppo by 36.9% in the third quarter. Advisors Asset Management Inc. now owns 420,550 shares of the financial services provider’s stock valued at $4,344,000 after purchasing an additional 113,434 shares during the last quarter. Guggenheim Capital LLC increased its stake in shares of Putnam Mun Oppo by 26.1% during the 2nd quarter. Guggenheim Capital LLC now owns 604,966 shares of the financial services provider’s stock worth $5,983,000 after purchasing an additional 125,200 shares in the last quarter. Smith Moore & CO. raised its position in shares of Putnam Mun Oppo by 60.6% during the 3rd quarter. Smith Moore & CO. now owns 125,303 shares of the financial services provider’s stock worth $1,294,000 after purchasing an additional 47,300 shares during the last quarter. Citadel Advisors LLC purchased a new stake in Putnam Mun Oppo in the 3rd quarter valued at approximately $106,000. Finally, Nomura Holdings Inc. purchased a new stake in Putnam Mun Oppo in the 2nd quarter valued at approximately $99,000. 20.40% of the stock is currently owned by hedge funds and other institutional investors.

Putnam Mun Oppo Trading Up 0.0%

Shares of NYSE:PMO opened at $10.06 on Tuesday. The business’s fifty day moving average price is $10.58 and its two-hundred day moving average price is $10.48. Putnam Mun Oppo has a one year low of $9.34 and a one year high of $10.87.

Putnam Mun Oppo Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, May 29th. Investors of record on Thursday, May 21st will be paid a dividend of $0.0393 per share. The ex-dividend date of this dividend is Thursday, May 21st. This represents a c) dividend on an annualized basis and a dividend yield of 4.7%.

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.