Inv Vk Mun Opp (NYSE:VMO) Stock: Insider Rebecca Setcavage Purchases 3,000 Shares

Inv Vk Mun Opp (NYSE:VMO) Portfolio Manager Rebecca Setcavage purchased 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 13th. The shares were acquired at an average cost of $8.64 per share, with a total value of $25,920.00. Following the completion of the transaction, the portfolio manager directly owned 3,000 shares of the company’s stock, valued at $25,920. The trade was a ∞ increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Inv Vk Mun Opp Stock Performance

Inv Vk Mun Opp stock traded up $0.08 during mid-day trading on Friday, reaching $8.79. 185,021 shares of the company’s stock were exchanged, compared to its average volume of 490,931. The business’s fifty day simple moving average is $9.19 and its 200 day simple moving average is $9.53. Inv Vk Mun Opp has a one year low of $8.12 and a one year high of $10.10.

Inv Vk Mun Opp Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, October 30th. Stockholders of record on Wednesday, October 14th will be paid a dividend of $0.0625 per share. This represents a $0.75 dividend on an annualized basis and a dividend yield of 8.5%. The ex-dividend date is Wednesday, October 14th. This is a positive change from Inv Vk Mun Opp’s previous monthly dividend of $0.0625.

Hedge Funds Weigh In On Inv Vk Mun Opp

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Envestnet Asset Management Inc. purchased a new position in Inv Vk Mun Opp in the second quarter valued at about $147,000. NewEdge Advisors LLC raised its holdings in shares of Inv Vk Mun Opp by 8.6% in the 2nd quarter. NewEdge Advisors LLC now owns 137,771 shares of the investment management company’s stock worth $1,360,000 after purchasing an additional 10,896 shares during the period. Baird Financial Group Inc. bought a new stake in shares of Inv Vk Mun Opp in the 2nd quarter worth approximately $244,000. Citadel Advisors LLC purchased a new position in Inv Vk Mun Opp in the second quarter valued at approximately $417,000. Finally, Concurrent Investment Advisors LLC lifted its stake in Inv Vk Mun Opp by 40.1% in the second quarter. Concurrent Investment Advisors LLC now owns 53,559 shares of the investment management company’s stock valued at $529,000 after purchasing an additional 15,318 shares during the last quarter. 42.57% of the stock is owned by hedge funds and other institutional investors.

Inv Vk Mun Opp Company Profile

Invesco Municipal Opportunity Trust (NYSE: VMO) is a closed-end management investment company that seeks to provide current income exempt from regular federal income tax. The fund primarily invests in a portfolio of municipal securities issued by states, cities, counties, public authorities and other governmental entities in the United States.

The trust may invest in a range of tax-exempt securities, including general obligation and revenue bonds. Revenue bonds are typically backed by income from projects or services such as transportation systems, utilities, hospitals, housing programs and educational facilities.