Inv Vk Mun Opp Declares Monthly Dividend of $0.06 (NYSE:VMO)

Inv Vk Mun Opp (NYSE:VMO) announced a monthly dividend on Wednesday, July 1st. Stockholders of record on Tuesday, July 14th will be given a dividend of 0.0625 per share by the investment management company on Friday, July 31st. This represents a c) dividend on an annualized basis and a dividend yield of 7.6%. The ex-dividend date of this dividend is Tuesday, July 14th.

Inv Vk Mun Opp Trading Up 0.3%

Shares of NYSE VMO opened at $9.89 on Thursday. The firm has a 50-day simple moving average of $9.72 and a 200-day simple moving average of $9.72. Inv Vk Mun Opp has a 52 week low of $8.90 and a 52 week high of $10.10.

Institutional Trading of Inv Vk Mun Opp

A number of hedge funds have recently bought and sold shares of VMO. Garton & Associates Financial Advisors LLC purchased a new position in Inv Vk Mun Opp in the 4th quarter worth approximately $33,000. Geneos Wealth Management Inc. grew 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 purchasing an additional 3,919 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Inv Vk Mun Opp by 252.9% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 7,661 shares of the investment management company’s stock valued at $70,000 after purchasing an additional 5,490 shares during the last quarter. Global Retirement Partners LLC lifted its position in Inv Vk Mun Opp by 1,039.1% during the fourth quarter. Global Retirement Partners LLC now owns 8,737 shares of the investment management company’s stock worth $84,000 after buying an additional 7,970 shares in the last quarter. Finally, Merit Financial Group LLC acquired a new position in Inv Vk Mun Opp during the fourth quarter worth $96,000. 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.