Hedge funds cut NFLX, keep big bets on MSFT, AMZN, add NVDA
In a challenging economic climate, Putnam Municipal Opportunities Trust (PMO) stock has reached a 52-week low, dipping to $9.68, just pennies above its 52-week low of $9.69. With a market capitalization of $291 million and an attractive dividend yield of 4.29%, the fund continues to draw attention from income-focused investors. This latest price movement reflects a broader trend of investor caution, as the market navigates through a maze of fiscal uncertainties. The fund has shown resilience with a positive 3.05% total return over the past year, despite recent headwinds including a -6.29% return over the past six months. InvestingPro analysis reveals a "GOOD" overall financial health score of 2.86, offering some reassurance to investors as they recalibrate their portfolios in response to changing interest rate expectations and municipal bond market dynamics.
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