Putnam Mun Oppo (NYSE:PMO) Share Price Passes Above 200 Day Moving Average – Here’s Why

Putnam Mun Oppo (NYSE:PMO) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $10.03 and traded as high as $10.39. Putnam Mun Oppo shares last traded at $10.3650, with a volume of 91,712 shares trading hands.

Putnam Mun Oppo Stock Performance

The stock’s 50 day simple moving average is $10.36 and its 200 day simple moving average is $10.04.

Institutional Investors Weigh In On Putnam Mun Oppo

A number of institutional investors and hedge funds have recently made changes to their positions in PMO. CX Institutional acquired a new position in Putnam Mun Oppo during the 2nd quarter valued at about $29,000. ST Germain D J Co. Inc. bought a new position in shares of Putnam Mun Oppo in the second quarter valued at approximately $30,000. Duncker Streett & Co. Inc. purchased a new position in shares of Putnam Mun Oppo during the second quarter valued at approximately $48,000. Wolverine Asset Management LLC bought a new stake in Putnam Mun Oppo during the first quarter worth $50,000. Finally, Elequin Capital LP bought a new stake in Putnam Mun Oppo during the first quarter worth $72,000. Institutional investors and hedge funds own 20.40% of the company’s stock.

Putnam Mun Oppo Company Profile

Putnam Municipal Opportunities Trust is a closed ended fixed income mutual fund launched and managed by Putnam Investment Management, LLC. The fund is co-managed by Putnam Investments Limited. It invests in fixed income markets of United States. The fund invests in companies operating across healthcare, utilities, transportation, water and sewer, and housing sectors.