Smith Moore & CO. Has $1.29 Million Stock Position in Putnam Mun Oppo $PMO

Smith Moore & CO. increased its holdings in Putnam Mun Oppo (NYSE:PMO) by 60.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 125,303 shares of the financial services provider’s stock after acquiring an additional 47,300 shares during the period. Smith Moore & CO. owned about 0.39% of Putnam Mun Oppo worth $1,294,000 at the end of the most recent reporting period.

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

Putnam Mun Oppo Stock Down 0.1%

Shares of PMO opened at $10.65 on Friday. The company’s 50 day moving average price is $10.66 and its 200 day moving average price is $10.42. Putnam Mun Oppo has a 52 week low of $9.34 and a 52 week high of $10.87.

Putnam Mun Oppo Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, May 29th. Stockholders of record on Thursday, May 21st will be issued a dividend of $0.0393 per share. This represents a c) annualized dividend and a dividend yield of 4.4%. The ex-dividend date is Thursday, May 21st.

Putnam Mun Oppo Profile

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.