Putnam Mun Oppo (NYSE:PMO) Stock Price Passes Above 50-Day Moving Average – What’s Next?

Putnam Mun Oppo (NYSE:PMO) passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $10.48 and traded as high as $10.64. Putnam Mun Oppo shares last traded at $10.6050, with a volume of 184,477 shares changing hands.

Putnam Mun Oppo Trading Up 0.1%

The stock’s fifty day moving average is $10.48 and its two-hundred day moving average is $10.22.

Putnam Mun Oppo Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, February 27th. Investors of record on Friday, February 20th will be issued a dividend of $0.0393 per share. The ex-dividend date is Friday, February 20th. This represents a c) dividend on an annualized basis and a yield of 4.4%.

Institutional Trading of Putnam Mun Oppo

A number of hedge funds have recently made changes to their positions in the business. CX Institutional acquired a new position in shares of Putnam Mun Oppo during the 2nd quarter worth approximately $29,000. ST Germain D J Co. Inc. bought a new position in Putnam Mun Oppo during the second quarter worth $30,000. Duncker Streett & Co. Inc. acquired a new position in shares of Putnam Mun Oppo in the second quarter valued at $48,000. Nomura Holdings Inc. acquired a new position in shares of Putnam Mun Oppo in the second quarter valued at $99,000. Finally, Meridian Wealth Management LLC bought a new position in shares of Putnam Mun Oppo in the second quarter valued at about $100,000. 20.40% of the stock is owned by institutional investors and hedge funds.

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.