Inv Vk Mun Opp $VMO Shares Acquired by Kestra Advisory Services LLC

Kestra Advisory Services LLC grew its stake in Inv Vk Mun Opp (NYSE:VMO) by 19.4% in the first quarter, Holdings Channel.com reports. The firm owned 523,813 shares of the investment management company’s stock after acquiring an additional 85,183 shares during the quarter. Kestra Advisory Services LLC’s holdings in Inv Vk Mun Opp were worth $4,981,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in VMO. Rivernorth Capital Management LLC boosted its stake in Inv Vk Mun Opp by 9.1% during the fourth quarter. Rivernorth Capital Management LLC now owns 4,042,713 shares of the investment management company’s stock worth $38,689,000 after buying an additional 335,856 shares during the last quarter. LPL Financial LLC increased its stake in shares of Inv Vk Mun Opp by 11.6% in the 4th quarter. LPL Financial LLC now owns 1,075,653 shares of the investment management company’s stock worth $10,294,000 after acquiring an additional 112,110 shares during the last quarter. Ameriprise Financial Inc. increased its stake in shares of Inv Vk Mun Opp by 25.6% in the 3rd quarter. Ameriprise Financial Inc. now owns 938,612 shares of the investment management company’s stock worth $9,084,000 after acquiring an additional 191,183 shares during the last quarter. Advisors Asset Management Inc. raised its holdings in shares of Inv Vk Mun Opp by 42.8% during the 4th quarter. Advisors Asset Management Inc. now owns 637,733 shares of the investment management company’s stock worth $6,103,000 after acquiring an additional 191,246 shares during the period. Finally, Wells Fargo & Company MN raised its holdings in shares of Inv Vk Mun Opp by 30.7% during the 4th quarter. Wells Fargo & Company MN now owns 591,204 shares of the investment management company’s stock worth $5,658,000 after acquiring an additional 138,904 shares during the period. Institutional investors and hedge funds own 42.57% of the company’s stock.

Inv Vk Mun Opp Price Performance

Shares of VMO stock opened at $9.86 on Thursday. The company’s 50-day moving average price is $9.76 and its 200-day moving average price is $9.74. Inv Vk Mun Opp has a twelve month low of $8.90 and a twelve month high of $10.10.

Inv Vk Mun Opp Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, July 31st. Shareholders of record on Tuesday, July 14th will be paid a dividend of $0.0625 per share. The ex-dividend date of this dividend is Tuesday, July 14th. This represents a c) dividend on an annualized basis and a yield of 7.6%.

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.