Inv Vk Mun Opp (NYSE:VMO – Get Free Report) declared a monthly dividend on Thursday, October 1st. Investors of record on Wednesday, October 14th will be paid a dividend of $0.0625 per share by the investment management company on Friday, October 30th. This represents a $0.75 dividend on an annualized basis and a yield of 8.9%. The ex-dividend date is Wednesday, October 14th. This is a 0.0% increase from Inv Vk Mun Opp’s previous monthly dividend of $0.0625.
Inv Vk Mun Opp Price Performance
VMO stock opened at $8.41 on Friday. The business’s 50 day simple moving average is $9.43 and its 200 day simple moving average is $9.61. Inv Vk Mun Opp has a 1-year low of $8.12 and a 1-year high of $10.10.
Institutional Investors Weigh In On Inv Vk Mun Opp
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Global Retirement Partners LLC lifted its position in shares of Inv Vk Mun Opp by 1,039.1% during the 4th quarter. Global Retirement Partners LLC now owns 8,737 shares of the investment management company’s stock valued at $84,000 after acquiring an additional 7,970 shares during the period. Glen Eagle Advisors LLC bought a new position in Inv Vk Mun Opp in the 4th quarter valued at approximately $102,000. Worth Asset Management LLC acquired a new stake in Inv Vk Mun Opp in the second quarter valued at approximately $127,000. Susquehanna International Group LLP bought a new stake in shares of Inv Vk Mun Opp during the second quarter worth $135,000. Finally, Envestnet Asset Management Inc. bought a new stake in shares of Inv Vk Mun Opp during the second quarter worth $147,000. 42.57% of the stock is currently owned by institutional investors and hedge funds.
About Inv Vk Mun Opp
Invesco Municipal Opportunity Trust (NYSE: VMO) is a closed-end investment company that seeks to provide current income exempt from regular federal income tax. The fund primarily invests in a portfolio of municipal securities issued by states, municipalities and other public-sector entities in the United States.
The portfolio may include tax-exempt bonds and other debt obligations used to finance public infrastructure and services, such as schools, transportation systems, utilities and healthcare facilities.
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