Robinson Capital Management LLC Acquires 66,992 Shares of Putnam Mun Oppo $PMO

Robinson Capital Management LLC grew its holdings in Putnam Mun Oppo (NYSE:PMO) by 11.6% during the 2nd quarter, Holdings Channel reports. The firm owned 645,263 shares of the financial services provider’s stock after purchasing an additional 66,992 shares during the period. Putnam Mun Oppo makes up approximately 3.0% of Robinson Capital Management LLC’s portfolio, making the stock its 10th biggest position. Robinson Capital Management LLC’s holdings in Putnam Mun Oppo were worth $6,801,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the business. Integrated Wealth Concepts LLC acquired a new position in Putnam Mun Oppo in the second quarter valued at approximately $76,000. Oakmont Investment Advisors Inc. acquired a new stake in Putnam Mun Oppo during the 2nd quarter worth $105,000. Noble Wealth Management PBC grew its holdings in Putnam Mun Oppo by 92.9% during the 2nd quarter. Noble Wealth Management PBC now owns 82,471 shares of the financial services provider’s stock worth $869,000 after acquiring an additional 39,721 shares during the period. Rivernorth Capital Management LLC grew its holdings in Putnam Mun Oppo by 60.4% during the 1st quarter. Rivernorth Capital Management LLC now owns 685,823 shares of the financial services provider’s stock worth $7,064,000 after acquiring an additional 258,198 shares during the period. Finally, Bank of New York Mellon Corp bought a new stake in shares of Putnam Mun Oppo during the 1st quarter valued at $500,000. Institutional investors and hedge funds own 20.40% of the company’s stock.

Putnam Mun Oppo Price Performance

PMO stock opened at $9.89 on Thursday. The business’s fifty day moving average is $10.41 and its 200-day moving average is $10.45. Putnam Mun Oppo has a twelve month low of $9.88 and a twelve month high of $10.87.

Putnam Mun Oppo Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, November 30th. Investors of record on Friday, November 20th will be issued a $0.052 dividend. This represents a c) dividend on an annualized basis and a yield of 6.3%. The ex-dividend date is Friday, November 20th.

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.