Hennion & Walsh Asset Management Inc. Cuts Position in Inv Vk Mun Opp $VMO

Hennion & Walsh Asset Management Inc. decreased its holdings in Inv Vk Mun Opp (NYSE:VMO) by 34.8% in the fourth quarter, HoldingsChannel.com reports. The firm owned 613,220 shares of the investment management company’s stock after selling 327,433 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in Inv Vk Mun Opp were worth $5,869,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Geneos Wealth Management Inc. increased its position in shares of Inv Vk Mun Opp by 1,328.5% in the second quarter. Geneos Wealth Management Inc. now owns 4,214 shares of the investment management company’s stock valued at $39,000 after buying an additional 3,919 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in shares of Inv Vk Mun Opp by 252.9% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 7,661 shares of the investment management company’s stock worth $70,000 after buying an additional 5,490 shares during the period. Permanent Capital Management LP purchased a new position in shares of Inv Vk Mun Opp during the 3rd quarter valued at approximately $141,000. Gridiron Partners LLC lifted its position 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 in the last quarter. Finally, Ashton Thomas Private Wealth LLC acquired a new stake in Inv Vk Mun Opp in the 3rd quarter valued at $150,000. Hedge funds and other institutional investors own 42.57% of the company’s stock.

Inv Vk Mun Opp Price Performance

Shares of NYSE VMO opened at $9.31 on Monday. The firm has a fifty day moving average of $9.79 and a 200 day moving average of $9.68. Inv Vk Mun Opp has a one year low of $8.81 and a one year high of $10.10.

Inv Vk Mun Opp Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Monday, March 16th will be given a $0.0625 dividend. The ex-dividend date is Monday, March 16th. This represents a c) annualized dividend and a dividend yield of 8.1%.

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.