Worthington Financial Partners LLC Makes New Investment in Putnam Mun Oppo $PMO

Worthington Financial Partners LLC purchased a new stake in Putnam Mun Oppo (NYSE:PMO) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 152,035 shares of the financial services provider’s stock, valued at approximately $1,627,000. Putnam Mun Oppo comprises approximately 1.4% of Worthington Financial Partners LLC’s portfolio, making the stock its 16th largest holding. Worthington Financial Partners LLC owned 0.48% of Putnam Mun Oppo as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of PMO. Elyxium Wealth LLC bought a new stake in Putnam Mun Oppo during the 4th quarter worth $44,000. Nomura Holdings Inc. bought a new position in Putnam Mun Oppo in the second quarter valued at about $99,000. Citadel Advisors LLC bought a new position in Putnam Mun Oppo in the third quarter valued at about $106,000. MML Investors Services LLC bought a new position in Putnam Mun Oppo in the fourth quarter valued at about $107,000. Finally, Jane Street Group LLC boosted its stake in shares of Putnam Mun Oppo by 9.0% during the fourth quarter. Jane Street Group LLC now owns 12,965 shares of the financial services provider’s stock valued at $139,000 after purchasing an additional 1,071 shares in the last quarter. 20.40% of the stock is currently owned by institutional investors.

Putnam Mun Oppo Price Performance

Shares of PMO stock opened at $10.67 on Friday. The business’s 50-day moving average price is $10.44 and its 200-day moving average price is $10.50. Putnam Mun Oppo has a 12 month low of $9.71 and a 12 month high of $10.87.

Putnam Mun Oppo Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, August 31st. Investors of record on Monday, August 24th will be issued a $0.033 dividend. This represents a c) dividend on an annualized basis and a yield of 3.7%. The ex-dividend date is Monday, August 24th.

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.