Inv Vk Mun Opp $VMO Shares Sold by Hennion & Walsh Asset Management Inc.

Hennion & Walsh Asset Management Inc. decreased its holdings in shares of Inv Vk Mun Opp (NYSE:VMO) by 7.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 940,653 shares of the investment management company’s stock after selling 70,433 shares during the quarter. Hennion & Walsh Asset Management Inc. owned about 1.39% of Inv Vk Mun Opp worth $9,096,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Kercheville Advisors LLC raised its position in Inv Vk Mun Opp by 15.6% in the third quarter. Kercheville Advisors LLC now owns 18,567 shares of the investment management company’s stock valued at $180,000 after purchasing an additional 2,500 shares during the period. Allspring Global Investments Holdings LLC boosted its position in shares of Inv Vk Mun Opp by 65.0% in the third quarter. Allspring Global Investments Holdings LLC now owns 69,753 shares of the investment management company’s stock worth $675,000 after buying an additional 27,470 shares during the period. Permanent Capital Management LP acquired a new stake in shares of Inv Vk Mun Opp in the third quarter valued at about $141,000. Wealth Alliance Advisory Group LLC raised its holdings in shares of Inv Vk Mun Opp by 3.6% during the 3rd quarter. Wealth Alliance Advisory Group LLC now owns 58,290 shares of the investment management company’s stock valued at $564,000 after buying an additional 2,000 shares during the period. Finally, Gridiron Partners LLC raised its holdings in shares of Inv Vk Mun Opp by 1,558.1% during the 3rd quarter. Gridiron Partners LLC now owns 1,502,830 shares of the investment management company’s stock valued at $145,000 after buying an additional 1,412,192 shares during the period. 42.57% of the stock is owned by hedge funds and other institutional investors.

Inv Vk Mun Opp Stock Performance

NYSE VMO opened at $9.61 on Tuesday. Inv Vk Mun Opp has a fifty-two week low of $8.81 and a fifty-two week high of $9.94. The business has a 50 day moving average price of $9.61 and a two-hundred day moving average price of $9.43.

Inv Vk Mun Opp Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, January 30th. Stockholders of record on Thursday, January 15th will be paid a $0.0625 dividend. The ex-dividend date is Thursday, January 15th. This represents a c) annualized dividend and a dividend yield of 7.8%.

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.