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

Smith Moore & CO. raised its position in Putnam Mun Oppo (NYSE:PMO) by 60.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 125,303 shares of the financial services provider’s stock after purchasing an additional 47,300 shares during the quarter. Smith Moore & CO.’s holdings in Putnam Mun Oppo were worth $1,294,000 at the end of the most recent quarter.

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

Putnam Mun Oppo Stock Down 0.1%

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

Putnam Mun Oppo Dividend Announcement

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

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.