Inv Vk Mun Opp (VMO) To Go Ex-Dividend on August 17th

Inv Vk Mun Opp (NYSE:VMO) announced a monthly dividend on Monday, August 3rd. Investors of record on Monday, August 17th will be given a dividend of 0.0625 per share by the investment management company on Monday, August 31st. This represents a c) annualized dividend and a dividend yield of 7.8%. The ex-dividend date is Monday, August 17th.

Inv Vk Mun Opp Price Performance

VMO opened at $9.65 on Wednesday. The stock’s 50-day moving average price is $9.77 and its 200 day moving average price is $9.74. Inv Vk Mun Opp has a 12-month low of $9.09 and a 12-month high of $10.10.

Institutional Trading of Inv Vk Mun Opp

Several hedge funds have recently made changes to their positions in VMO. Worthington Financial Partners LLC purchased a new stake in Inv Vk Mun Opp during the 4th quarter worth approximately $826,000. Kestra Advisory Services LLC boosted its position in Inv Vk Mun Opp by 19.4% in the 1st quarter. Kestra Advisory Services LLC now owns 523,813 shares of the investment management company’s stock valued at $4,981,000 after buying an additional 85,183 shares during the period. NewEdge Advisors LLC boosted its position in Inv Vk Mun Opp by 25.1% in the 1st quarter. NewEdge Advisors LLC now owns 126,875 shares of the investment management company’s stock valued at $1,207,000 after buying an additional 25,456 shares during the period. Petra Financial Advisors Inc. boosted its position in Inv Vk Mun Opp by 12.9% in the 1st quarter. Petra Financial Advisors Inc. now owns 57,915 shares of the investment management company’s stock valued at $551,000 after buying an additional 6,630 shares during the period. Finally, Janney Montgomery Scott LLC grew its stake in shares of Inv Vk Mun Opp by 11.4% in the first quarter. Janney Montgomery Scott LLC now owns 42,927 shares of the investment management company’s stock worth $408,000 after acquiring an additional 4,393 shares in the last quarter. Institutional investors and hedge funds own 42.57% of the company’s stock.

Inv Vk Mun Opp Company Profile

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.