Gridiron Partners LLC Has $269,000 Stock Holdings in Inv Vk Mun Opp $VMO

Gridiron Partners LLC cut its stake in shares of Inv Vk Mun Opp (NYSE:VMO) by 65.3% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 27,298 shares of the investment management company’s stock after selling 51,307 shares during the quarter. Gridiron Partners LLC’s holdings in Inv Vk Mun Opp were worth $269,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of VMO. StoneX Group Inc. increased its stake in shares of Inv Vk Mun Opp by 3.6% in the 4th quarter. StoneX Group Inc. now owns 31,179 shares of the investment management company’s stock valued at $298,000 after acquiring an additional 1,093 shares in the last quarter. Wakefield Asset Management LLLP increased its stake in Inv Vk Mun Opp by 0.7% during the 4th quarter. Wakefield Asset Management LLLP now owns 191,104 shares of the investment management company’s stock valued at $1,829,000 after purchasing an additional 1,309 shares in the last quarter. Ashton Thomas Private Wealth LLC increased its stake in Inv Vk Mun Opp by 9.7% during the 4th quarter. Ashton Thomas Private Wealth LLC now owns 17,000 shares of the investment management company’s stock valued at $163,000 after purchasing an additional 1,500 shares in the last quarter. Concurrent Investment Advisors LLC raised its holdings in Inv Vk Mun Opp by 7.8% during the fourth quarter. Concurrent Investment Advisors LLC now owns 33,474 shares of the investment management company’s stock worth $320,000 after buying an additional 2,435 shares during the last quarter. Finally, Goldman Sachs Group Inc. raised its holdings in Inv Vk Mun Opp by 5.1% during the fourth quarter. Goldman Sachs Group Inc. now owns 53,762 shares of the investment management company’s stock worth $514,000 after buying an additional 2,600 shares during the last quarter. 42.57% of the stock is currently owned by institutional investors and hedge funds.

Inv Vk Mun Opp Stock Performance

VMO opened at $9.86 on Friday. Inv Vk Mun Opp has a fifty-two week low of $9.09 and a fifty-two week high of $10.10. The company’s 50-day moving average is $9.79 and its 200 day moving average is $9.75.

Inv Vk Mun Opp Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, August 31st. Investors of record on Monday, August 17th will be given a dividend of $0.0625 per share. The ex-dividend date of this dividend is Monday, August 17th. This represents a c) annualized dividend and a dividend 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.