Park Avenue Securities LLC Takes $1.13 Million Position in PUTNAM MUN OPPO $PMO

Key Points

• Park Avenue Securities LLC has acquired a new position in Putnam Municipal Opportunities Trust (PMO), investing approximately $1.13 million for 113,916 shares.
• The company announced an upcoming monthly dividend of $0.0393 per share, which will be paid on October 31st, resulting in an annualized yield of 4.6%.
• Institutional investors currently own 20.40% of PMO's stock, with several firms increasing their holdings in the recent quarters.

Park Avenue Securities LLC acquired a new stake in shares of PUTNAM MUN OPPO (NYSE:PMO - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 113,916 shares of the financial services provider's stock, valued at approximately $1,127,000. Park Avenue Securities LLC owned approximately 0.36% of PUTNAM MUN OPPO at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Concurrent Investment Advisors LLC lifted its holdings in shares of PUTNAM MUN OPPO by 15.1% during the 1st 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 in the last quarter. Citadel Advisors LLC lifted its holdings in shares of PUTNAM MUN OPPO by 9.5% during the 4th quarter. Citadel Advisors LLC now owns 12,176 shares of the financial services provider's stock valued at $123,000 after purchasing an additional 1,059 shares in the last quarter. Jane Street Group LLC bought a new position in shares of PUTNAM MUN OPPO during the 4th quarter valued at about $318,000. Hennion & Walsh Asset Management Inc. lifted its holdings in shares of PUTNAM MUN OPPO by 32.7% during the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 457,293 shares of the financial services provider's stock valued at $4,660,000 after purchasing an additional 112,761 shares in the last quarter. Finally, Sunpointe LLC lifted its holdings in shares of PUTNAM MUN OPPO by 37.2% during the 1st quarter. Sunpointe LLC now owns 15,370 shares of the financial services provider's stock valued at $157,000 after purchasing an additional 4,170 shares in the last quarter. Institutional investors own 20.40% of the company's stock.

PUTNAM MUN OPPO Stock Performance

NYSE PMO opened at $10.25 on Friday. The stock's 50 day moving average price is $9.97 and its two-hundred day moving average price is $9.93. PUTNAM MUN OPPO has a 52 week low of $9.34 and a 52 week high of $10.96.

PUTNAM MUN OPPO Announces Dividend

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

PUTNAM MUN OPPO Company 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.

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