Putnam Municipal Opportunities Trust declares $0.035 dividend
Seeking Alpha News (Tue, 26-Mar 8:03 AM ET)
Putnam Investments Announces Distribution Rates for Closed-End Funds
Business Wire (Mon, 25-Mar 8:00 AM ET)
Putnam Investments Announces 19(a) Notices for Closed-end Municipal Funds
Business Wire (Wed, 6-Mar 9:40 AM ET)
Putnam Investments Announces 19(a) Notices for Closed-End Municipal Funds
Business Wire (Wed, 7-Feb 8:00 AM ET)
The fund seeks high current tax-free income and capital preservation by investing primarily in levered portfolio of municipal bonds. The fund currently uses investment leverage by issuing preferred shares.
Putnam Muni Opportunities trades on the NYSE stock market under the symbol PMO.
As of March 28, 2024, PMO stock price declined to $10.16 with 75,574 million shares trading.
PMO has a beta of 0.46, meaning it tends to be less sensitive to market movements. PMO has a correlation of 0.10 to the broad based SPY ETF.
PMO has a market cap of $331.45 million. This is considered a Small Cap stock.
In the last 3 years, PMO stock traded as high as $15.00 and as low as $8.57.
PMO has underperformed the market in the last year with a price return of +5.2% while the SPY ETF gained +33.6%. PMO has also underperformed the stock market ETF in the last 3 month and 2 week periods returning 0.0% and -1.0%, respectively, while the SPY returned +10.1% and +1.7%, respectively.
PMO support price is $10.23 and resistance is $10.37 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that PMO stock will trade within this expected range on the day.