Envestnet Asset Management Inc. Decreases Stake in Putnam Mun Oppo (NYSE:PMO)

Envestnet Asset Management Inc. decreased its holdings in Putnam Mun Oppo (NYSE:PMO) by 6.0% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 118,072 shares of the financial services provider’s stock after selling 7,512 shares during the quarter. Envestnet Asset Management Inc. owned about 0.37% of Putnam Mun Oppo worth $1,203,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Citadel Advisors LLC grew its holdings in shares of Putnam Mun Oppo by 9.5% in the 4th quarter. Citadel Advisors LLC now owns 12,176 shares of the financial services provider’s stock worth $123,000 after acquiring an additional 1,059 shares during the period. Stifel Financial Corp boosted its position in Putnam Mun Oppo by 3.1% during the fourth quarter. Stifel Financial Corp now owns 36,713 shares of the financial services provider’s stock worth $372,000 after purchasing an additional 1,112 shares in the last quarter. Concurrent Investment Advisors LLC grew its holdings in Putnam Mun Oppo by 15.1% in the first quarter. Concurrent Investment Advisors LLC now owns 17,385 shares of the financial services provider’s stock valued at $177,000 after purchasing an additional 2,275 shares during the last quarter. Riverbridge Partners LLC increased its position in shares of Putnam Mun Oppo by 9.5% in the first quarter. Riverbridge Partners LLC now owns 71,865 shares of the financial services provider’s stock valued at $732,000 after buying an additional 6,247 shares in the last quarter. Finally, Olde Wealth Management LLC purchased a new position in shares of Putnam Mun Oppo in the first quarter valued at $96,000. Institutional investors and hedge funds own 20.40% of the company’s stock.

Putnam Mun Oppo Trading Up 0.8%

Putnam Mun Oppo stock opened at $9.85 on Friday. Putnam Mun Oppo has a 52 week low of $9.34 and a 52 week high of $10.96. The firm’s 50-day simple moving average is $9.82 and its 200 day simple moving average is $10.07.

Putnam Mun Oppo Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, July 31st. Shareholders of record on Friday, July 18th were issued a $0.0393 dividend. This represents a c) annualized dividend and a dividend yield of 4.8%. The ex-dividend date of this dividend was Friday, July 18th.

Putnam Mun Oppo 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.