Robinson Capital Management LLC Has $6.80 Million Holdings in Putnam Mun Oppo $PMO

Robinson Capital Management LLC grew its holdings in Putnam Mun Oppo (NYSE:PMO) by 11.6% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 645,263 shares of the financial services provider’s stock after purchasing an additional 66,992 shares during the quarter. Putnam Mun Oppo comprises about 3.0% of Robinson Capital Management LLC’s investment portfolio, making the stock its 10th largest position. Robinson Capital Management LLC owned 2.35% of Putnam Mun Oppo worth $6,801,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the business. 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 last quarter. Advisors Asset Management Inc. raised its stake in shares of Putnam Mun Oppo by 42.3% in the fourth quarter. Advisors Asset Management Inc. now owns 598,344 shares of the financial services provider’s stock worth $6,402,000 after acquiring an additional 177,794 shares during the last quarter. Worthington Financial Partners LLC acquired a new position in shares of Putnam Mun Oppo during the fourth quarter worth approximately $1,627,000. Karpus Management Inc. lifted its position in shares of Putnam Mun Oppo by 133.0% during the second quarter. Karpus Management Inc. now owns 231,992 shares of the financial services provider’s stock worth $2,294,000 after purchasing an additional 132,444 shares in the last quarter. Finally, Wells Fargo & Company MN grew its stake in shares of Putnam Mun Oppo by 33.0% during the fourth quarter. Wells Fargo & Company MN now owns 372,017 shares of the financial services provider’s stock valued at $3,981,000 after purchasing an additional 92,359 shares during the last quarter. Institutional investors own 20.40% of the company’s stock.

Putnam Mun Oppo Price Performance

Shares of Putnam Mun Oppo stock opened at $9.89 on Thursday. The firm has a 50 day simple moving average of $10.41 and a 200 day simple moving average of $10.45. Putnam Mun Oppo has a fifty-two week low of $9.88 and a fifty-two week high of $10.87.

Putnam Mun Oppo Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, November 30th. Stockholders of record on Friday, November 20th will be paid a $0.052 dividend. This represents a c) annualized dividend and a dividend yield of 6.3%. The ex-dividend date of this dividend is Friday, November 20th.

Putnam Mun Oppo 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.