Meridian Wealth Management LLC Acquires New Position in Putnam Mun Oppo $PMO

Meridian Wealth Management LLC bought a new position in Putnam Mun Oppo (NYSE:PMO) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 10,108 shares of the financial services provider’s stock, valued at approximately $100,000.

A number of other institutional investors have also modified their holdings of PMO. 1607 Capital Partners LLC boosted its holdings in shares of Putnam Mun Oppo by 5.5% in the first quarter. 1607 Capital Partners LLC now owns 382,761 shares of the financial services provider’s stock valued at $3,900,000 after purchasing an additional 20,080 shares during the period. Envestnet Asset Management Inc. raised its position in Putnam Mun Oppo by 6.8% during the 2nd quarter. Envestnet Asset Management Inc. now owns 126,126 shares of the financial services provider’s stock valued at $1,247,000 after purchasing an additional 8,054 shares in the last quarter. Park Avenue Securities LLC purchased a new stake in shares of Putnam Mun Oppo in the 2nd quarter worth $1,127,000. Riverbridge Partners LLC grew its position in shares of Putnam Mun Oppo by 4.3% during the 2nd quarter. Riverbridge Partners LLC now owns 74,966 shares of the financial services provider’s stock worth $741,000 after buying an additional 3,101 shares in the last quarter. Finally, Integrated Capital Management Inc. increased its stake in shares of Putnam Mun Oppo by 18.8% during the second quarter. Integrated Capital Management Inc. now owns 25,018 shares of the financial services provider’s stock valued at $247,000 after buying an additional 3,958 shares during the period. 20.40% of the stock is owned by hedge funds and other institutional investors.

Putnam Mun Oppo Stock Performance

PMO stock opened at $10.36 on Wednesday. Putnam Mun Oppo has a 1-year low of $9.34 and a 1-year high of $10.90. The business has a 50-day moving average price of $10.36 and a 200 day moving average price of $10.03.

Putnam Mun Oppo 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.