Putnam Municipal Opportunities TrustPMO
Market Cap: $334M
About: Putnam Municipal Opportunities Trust is a non-diversified closed-end management investment company. It seeks to provide as high a level of current income free from federal income tax as Putnam Management believes is consistent with the preservation of capital. The fund invests in healthcare, utilities, transportation, tax bonds, local debt, state debt, and education.
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
1% more funds holding
Funds holding: 85 [Q1] → 86 (+1) [Q2]
9% more first-time investments, than exits
New positions opened: 12 | Existing positions closed: 11
0% more repeat investments, than reductions
Existing positions increased: 25 | Existing positions reduced: 25
0.7% less ownership
Funds ownership: 20.27% [Q1] → 19.57% (-0.7%) [Q2]
2% less capital invested
Capital invested by funds: $65.4M [Q1] → $64M (-$1.31M) [Q2]
50% less funds holding in top 10
Funds holding in top 10: 2 [Q1] → 1 (-1) [Q2]
Research analyst outlook
We haven’t received any recent analyst ratings for PMO.