Inv Vk Mun Opp (NYSE:VMO) Shares Break Above 50 Day Moving Average – What’s Next?

Inv Vk Mun Opp (NYSE:VMO) crossed above its 50-day moving average during trading on Friday. The stock has a 50-day moving average of $9.01 and traded as high as $9.10. Inv Vk Mun Opp shares last traded at $9.08, with a volume of 310,839 shares changing hands.

Inv Vk Mun Opp Trading Up 0.9%

The business’s 50-day simple moving average is $9.01 and its two-hundred day simple moving average is $9.56.

Inv Vk Mun Opp Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, October 30th. Investors of record on Wednesday, October 14th were paid a dividend of $0.0625 per share. This represents a $0.75 dividend on an annualized basis and a dividend yield of 8.3%. The ex-dividend date was Wednesday, October 14th. This is an increase from Inv Vk Mun Opp’s previous monthly dividend of $0.0625.

Insider Activity at Inv Vk Mun Opp

In other Inv Vk Mun Opp news, Portfolio Manager Rebecca Setcavage acquired 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 13th. The stock was bought at an average cost of $8.64 per share, with a total value of $25,920.00. Following the acquisition, the portfolio manager owned 3,000 shares in the company, valued at approximately $25,920. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 1.00% of the company’s stock.

Institutional Investors Weigh In On Inv Vk Mun Opp

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Compass Wealth Management LLC purchased a new stake in shares of Inv Vk Mun Opp during the third quarter worth $57,000. Global Retirement Partners LLC bought a new position in shares of Inv Vk Mun Opp in the second quarter worth $93,000. Ackerman Capital Advisors LLC bought a new position in shares of Inv Vk Mun Opp in the third quarter worth $104,000. Retirement Planning Group LLC bought a new position in shares of Inv Vk Mun Opp in the third quarter worth $114,000. Finally, Worth Asset Management LLC purchased a new position in shares of Inv Vk Mun Opp in the second quarter valued at $127,000. Institutional investors own 42.57% of the company’s stock.

About Inv Vk Mun Opp

Invesco Municipal Opportunity Trust (NYSE: VMO) is a closed-end management investment company. The fund seeks to provide current income that is exempt from regular federal income tax by investing primarily in a portfolio of municipal securities issued by states, municipalities and other public authorities in the United States.

The portfolio may include a variety of tax-exempt bonds used to finance public infrastructure and essential services, such as transportation, utilities, education and health care.