Putnam Mun Oppo (NYSE:PMO - Get Free Report) declared a monthly dividend on Friday, August 8th, Wall Street Journal reports. Stockholders of record on Monday, November 17th will be given a dividend of 0.0393 per share by the financial services provider on Friday, November 28th. This represents a c) dividend on an annualized basis and a dividend yield of 4.8%. The ex-dividend date is Monday, November 17th.
Putnam Mun Oppo Stock Up 0.3%
Putnam Mun Oppo stock traded up $0.03 during midday trading on Wednesday, hitting $9.90. 5,800 shares of the company's stock were exchanged, compared to its average volume of 78,500. Putnam Mun Oppo has a 12 month low of $9.34 and a 12 month high of $10.96. The firm has a 50-day moving average of $9.82 and a two-hundred day moving average of $10.05.
Institutional Trading of Putnam Mun Oppo
Hedge funds have recently modified their holdings of the company. Concurrent Investment Advisors LLC lifted its position in shares of Putnam Mun Oppo by 15.1% during the first quarter. Concurrent Investment Advisors LLC now owns 17,385 shares of the financial services provider's stock valued at $177,000 after buying an additional 2,275 shares during the last quarter. Citadel Advisors LLC lifted its position in shares of Putnam Mun Oppo by 9.5% during the fourth quarter. Citadel Advisors LLC now owns 12,176 shares of the financial services provider's stock valued at $123,000 after buying an additional 1,059 shares during the last quarter. Jane Street Group LLC purchased a new stake in shares of Putnam Mun Oppo during the fourth quarter valued at about $318,000. Wells Fargo & Company MN lifted its position in shares of Putnam Mun Oppo by 14.7% during the fourth quarter. Wells Fargo & Company MN now owns 151,244 shares of the financial services provider's stock valued at $1,532,000 after buying an additional 19,437 shares during the last quarter. Finally, Hennion & Walsh Asset Management Inc. lifted its position in shares of Putnam Mun Oppo by 32.7% during 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 buying an additional 112,761 shares during the last quarter. 20.40% of the stock is owned by hedge funds and other institutional investors.
Putnam Mun Oppo Company Profile
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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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