Putnam Mun Oppo (
NYSE:PMO -
Get Free Report) shares crossed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $9.83 and traded as low as $9.79. Putnam Mun Oppo shares last traded at $9.84, with a volume of 85,520 shares changing hands.
Putnam Mun Oppo Price Performance
The stock's fifty day moving average is $9.83 and its 200-day moving average is $10.00.
Putnam Mun Oppo Cuts Dividend
The business also recently announced a dividend, which will be paid on Friday, August 29th. Shareholders of record on Tuesday, August 19th will be given a $0.0393 dividend. The ex-dividend date of this dividend is Monday, August 18th. This represents a yield of 476.0%.
Institutional Inflows and Outflows
A number of large investors have recently bought and sold shares of PMO. CX Institutional acquired a new position in Putnam Mun Oppo in the second quarter valued at about $29,000. ST Germain D J Co. Inc. acquired a new position in Putnam Mun Oppo in the second quarter valued at about $30,000. Duncker Streett & Co. Inc. acquired a new position in Putnam Mun Oppo in the second quarter valued at about $48,000. Wolverine Asset Management LLC acquired a new position in Putnam Mun Oppo in the first quarter valued at about $50,000. Finally, Elequin Capital LP acquired a new position in Putnam Mun Oppo in the first quarter valued at about $72,000. Institutional investors and hedge funds own 20.40% of the company's stock.
About Putnam Mun Oppo
(
Get Free Report)
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.
Further Reading
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