Inv Vk Mun Opp (VMO) to Issue Monthly Dividend of $0.06 on February 27th

Inv Vk Mun Opp (NYSE:VMO) announced a monthly dividend on Monday, February 2nd. Investors of record on Tuesday, February 17th will be paid a dividend of 0.0625 per share by the investment management company on Friday, February 27th. This represents a c) dividend on an annualized basis and a yield of 7.5%. The ex-dividend date is Tuesday, February 17th.

Inv Vk Mun Opp Price Performance

Shares of Inv Vk Mun Opp stock opened at $9.99 on Friday. Inv Vk Mun Opp has a 12-month low of $8.81 and a 12-month high of $9.99. The company’s fifty day simple moving average is $9.69 and its two-hundred day simple moving average is $9.56.

Hedge Funds Weigh In On Inv Vk Mun Opp

A number of institutional investors have recently added to or reduced their stakes in VMO. Gridiron Partners LLC increased its stake in shares of Inv Vk Mun Opp by 1,558.1% during the third quarter. Gridiron Partners LLC now owns 1,502,830 shares of the investment management company’s stock valued at $145,000 after purchasing an additional 1,412,192 shares in the last quarter. Guggenheim Capital LLC lifted its holdings in shares of Inv Vk Mun Opp by 23.9% during the 2nd quarter. Guggenheim Capital LLC now owns 1,456,238 shares of the investment management company’s stock valued at $13,368,000 after buying an additional 281,166 shares during the period. LPL Financial LLC lifted its holdings in Inv Vk Mun Opp by 11.6% in the fourth quarter. LPL Financial LLC now owns 1,075,653 shares of the investment management company’s stock valued at $10,294,000 after acquiring an additional 112,110 shares during the period. Ameriprise Financial Inc. boosted its holdings in shares of Inv Vk Mun Opp by 25.6% in the third quarter. Ameriprise Financial Inc. now owns 938,612 shares of the investment management company’s stock worth $9,084,000 after buying an additional 191,183 shares during the last quarter. Finally, Advisors Asset Management Inc. boosted its stake in shares of Inv Vk Mun Opp by 42.8% during the 4th quarter. Advisors Asset Management Inc. now owns 637,733 shares of the investment management company’s stock worth $6,103,000 after acquiring an additional 191,246 shares during the last quarter. Institutional investors own 42.57% of the company’s stock.

About Inv Vk Mun Opp

Inv Vk Mun Opp (NYSE: VMO), known as the Invesco Municipal Opportunity Trust, is a closed-end management investment company that seeks to provide current income exempt from regular federal income tax, along with the potential for capital appreciation. The fund primarily invests in a diversified portfolio of municipal securities issued by U.S. states, cities and local governments. Its investment strategy emphasizes selecting undervalued bonds that offer attractive tax-exempt yields, while maintaining a focus on credit quality and liquidity.

The portfolio manager employs both fundamental credit analysis and relative-value techniques to identify investment opportunities across various sectors of the municipal bond market.