Worthington Financial Partners LLC Takes $1.63 Million Position in Putnam Mun Oppo $PMO

Worthington Financial Partners LLC purchased a new position in shares of Putnam Mun Oppo (NYSE:PMO) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 152,035 shares of the financial services provider’s stock, valued at approximately $1,627,000. Putnam Mun Oppo accounts for 1.4% of Worthington Financial Partners LLC’s investment portfolio, making the stock its 16th largest holding.

Other institutional investors also recently modified their holdings of the company. Invesco Ltd. increased its holdings in Putnam Mun Oppo by 53.1% in the fourth quarter. Invesco Ltd. now owns 159,253 shares of the financial services provider’s stock valued at $1,704,000 after purchasing an additional 55,226 shares during the period. Rivernorth Capital Management LLC lifted its holdings in Putnam Mun Oppo by 72.8% during the 4th quarter. Rivernorth Capital Management LLC now owns 427,625 shares of the financial services provider’s stock worth $4,576,000 after buying an additional 180,105 shares during the period. Guggenheim Capital LLC grew its position in shares of Putnam Mun Oppo by 9.2% in the 4th quarter. Guggenheim Capital LLC now owns 663,914 shares of the financial services provider’s stock valued at $7,104,000 after buying an additional 56,158 shares during the last quarter. &PARTNERS bought a new stake in shares of Putnam Mun Oppo in the 4th quarter valued at about $335,000. Finally, Royal Bank of Canada increased its stake in shares of Putnam Mun Oppo by 28.2% in the fourth quarter. Royal Bank of Canada now owns 38,570 shares of the financial services provider’s stock valued at $412,000 after buying an additional 8,494 shares during the period. Institutional investors own 20.40% of the company’s stock.

Putnam Mun Oppo Stock Performance

Shares of PMO opened at $10.67 on Friday. Putnam Mun Oppo has a 1 year low of $9.71 and a 1 year high of $10.87. The business has a 50-day moving average of $10.44 and a 200-day moving average of $10.50.

Putnam Mun Oppo Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, August 31st. Shareholders of record on Monday, August 24th will be given a dividend of $0.033 per share. This represents a c) dividend on an annualized basis and a yield of 3.7%. The ex-dividend date of this dividend is Monday, August 24th.

Putnam Mun Oppo Company 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.