Putnam Mun Oppo $PMO Shares Bought by Hennion & Walsh Asset Management Inc.

Hennion & Walsh Asset Management Inc. lifted its position in shares of Putnam Mun Oppo (NYSE:PMO) by 15.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 518,691 shares of the financial services provider’s stock after buying an additional 70,735 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in Putnam Mun Oppo were worth $5,550,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Nomura Holdings Inc. purchased a new position in shares of Putnam Mun Oppo during the second quarter valued at approximately $99,000. Wellspring Financial Advisors LLC purchased a new stake in Putnam Mun Oppo in the 2nd quarter worth approximately $104,000. Citadel Advisors LLC acquired a new position in Putnam Mun Oppo in the 3rd quarter valued at $106,000. Successful Portfolios LLC raised its holdings in Putnam Mun Oppo by 8.0% in the 3rd quarter. Successful Portfolios LLC now owns 13,428 shares of the financial services provider’s stock valued at $139,000 after acquiring an additional 1,000 shares during the last quarter. Finally, Westview Management dba Westview Investment Advisors purchased a new position in shares of Putnam Mun Oppo during the 4th quarter worth $164,000. Institutional investors and hedge funds own 20.40% of the company’s stock.

Putnam Mun Oppo Stock Performance

PMO stock opened at $10.06 on Tuesday. Putnam Mun Oppo has a 52-week low of $9.34 and a 52-week high of $10.87. The stock’s fifty day simple moving average is $10.58 and its 200-day simple moving average is $10.48.

Putnam Mun Oppo Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, May 29th. Shareholders of record on Thursday, May 21st will be issued a $0.0393 dividend. The ex-dividend date is Thursday, May 21st. This represents a c) annualized dividend and a yield of 4.7%.

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.