Advisors Asset Management Inc. Buys 113,434 Shares of Putnam Mun Oppo $PMO

Advisors Asset Management Inc. lifted its stake in Putnam Mun Oppo (NYSE:PMO) by 36.9% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 420,550 shares of the financial services provider’s stock after acquiring an additional 113,434 shares during the quarter. Advisors Asset Management Inc. owned approximately 1.32% of Putnam Mun Oppo worth $4,344,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the stock. Nomura Holdings Inc. acquired a new position in shares of Putnam Mun Oppo during the 2nd quarter worth approximately $99,000. Meridian Wealth Management LLC bought a new position in shares of Putnam Mun Oppo in the second quarter valued at $100,000. Prospera Financial Services Inc acquired a new position in Putnam Mun Oppo during the second quarter worth $102,000. Wellspring Financial Advisors LLC bought a new stake in Putnam Mun Oppo during the second quarter worth $104,000. Finally, Allworth Financial LP bought a new stake in Putnam Mun Oppo during the second quarter worth $119,000. 20.40% of the stock is owned by institutional investors and hedge funds.

Putnam Mun Oppo Price Performance

Shares of PMO opened at $10.68 on Friday. The firm has a 50-day moving average of $10.58 and a 200-day moving average of $10.33. Putnam Mun Oppo has a one year low of $9.34 and a one year high of $10.80.

Putnam Mun Oppo Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, February 27th. Shareholders of record on Friday, February 20th will be given a dividend of $0.0393 per share. This represents a c) dividend on an annualized basis and a yield of 4.4%. The ex-dividend date of this dividend is Friday, February 20th.

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.