Putnam Mun Oppo $PMO Stock Position Raised by Riverbridge Partners LLC

Riverbridge Partners LLC raised its position in Putnam Mun Oppo (NYSE:PMO) by 4.3% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 74,966 shares of the financial services provider’s stock after purchasing an additional 3,101 shares during the quarter. Riverbridge Partners LLC owned about 0.24% of Putnam Mun Oppo worth $741,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Jane Street Group LLC bought a new position in shares of Putnam Mun Oppo in the fourth quarter valued at approximately $318,000. Citadel Advisors LLC boosted its holdings in shares of Putnam Mun Oppo by 9.5% in the fourth quarter. Citadel Advisors LLC now owns 12,176 shares of the financial services provider’s stock valued at $123,000 after acquiring an additional 1,059 shares in the last quarter. Hennion & Walsh Asset Management Inc. boosted its holdings in shares of Putnam Mun Oppo by 32.7% in the first quarter. Hennion & Walsh Asset Management Inc. now owns 457,293 shares of the financial services provider’s stock valued at $4,660,000 after acquiring an additional 112,761 shares in the last quarter. Olde Wealth Management LLC bought a new position in shares of Putnam Mun Oppo in the first quarter valued at approximately $96,000. Finally, Concurrent Investment Advisors LLC boosted its holdings in shares of 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 acquiring an additional 2,275 shares in the last quarter. Institutional investors and hedge funds own 20.40% of the company’s stock.

Putnam Mun Oppo Trading Down 0.4%

Putnam Mun Oppo stock opened at $10.20 on Friday. The firm has a 50 day simple moving average of $9.96 and a 200-day simple moving average of $9.93. Putnam Mun Oppo has a 12-month low of $9.34 and a 12-month high of $10.96.

Putnam Mun Oppo Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, October 31st. Investors of record on Friday, October 17th will be issued a dividend of $0.0393 per share. This represents a c) dividend on an annualized basis and a yield of 4.6%. The ex-dividend date is Friday, October 17th.

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.