Riverbridge Partners LLC Purchases 6,247 Shares of Putnam Mun Oppo (NYSE:PMO)

Riverbridge Partners LLC grew its position in Putnam Mun Oppo (NYSE:PMO) by 9.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 71,865 shares of the financial services provider’s stock after purchasing an additional 6,247 shares during the quarter. Riverbridge Partners LLC’s holdings in Putnam Mun Oppo were worth $732,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also modified their holdings of PMO. Advisors Asset Management Inc. boosted its position in shares of Putnam Mun Oppo by 92.2% in the fourth quarter. Advisors Asset Management Inc. now owns 291,314 shares of the financial services provider’s stock worth $2,951,000 after purchasing an additional 139,739 shares during the period. 1607 Capital Partners LLC boosted its position in shares of Putnam Mun Oppo by 54.1% in the fourth quarter. 1607 Capital Partners LLC now owns 362,681 shares of the financial services provider’s stock worth $3,674,000 after purchasing an additional 127,300 shares during the period. Intellus Advisors LLC purchased a new position in shares of Putnam Mun Oppo in the fourth quarter worth $1,286,000. Hennion & Walsh Asset Management Inc. lifted its holdings in shares of Putnam Mun Oppo by 32.7% in the first quarter. Hennion & Walsh Asset Management Inc. now owns 457,293 shares of the financial services provider’s stock worth $4,660,000 after buying an additional 112,761 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new position in shares of Putnam Mun Oppo in the fourth quarter worth $916,000. 20.40% of the stock is currently owned by institutional investors.

Putnam Mun Oppo Price Performance

PMO stock opened at $9.81 on Friday. Putnam Mun Oppo has a one year low of $9.34 and a one year high of $10.96. The company’s fifty day moving average price is $9.85 and its 200-day moving average price is $10.16.

Putnam Mun Oppo Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 16th will be issued a $0.0393 dividend. This represents a $0.47 annualized dividend and a dividend yield of 4.81%. The ex-dividend date of this dividend is Monday, June 16th.

About Putnam Mun Oppo

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.