Sit Investment Associates Inc. Sells 131,574 Shares of Inv Vk Mun Opp (NYSE:VMO)

Sit Investment Associates Inc. trimmed its holdings in shares of Inv Vk Mun Opp (NYSE:VMO) by 9.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,241,991 shares of the investment management company’s stock after selling 131,574 shares during the period. Sit Investment Associates Inc. owned 1.84% of Inv Vk Mun Opp worth $11,786,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. US Bancorp DE raised its stake in shares of Inv Vk Mun Opp by 413.3% during the first quarter. US Bancorp DE now owns 2,700 shares of the investment management company’s stock worth $26,000 after buying an additional 2,174 shares during the last quarter. CBIZ Investment Advisory Services LLC bought a new stake in shares of Inv Vk Mun Opp during the first quarter worth approximately $29,000. Ackerman Capital Advisors LLC bought a new stake in shares of Inv Vk Mun Opp during the first quarter worth approximately $97,000. Formidable Asset Management LLC bought a new stake in shares of Inv Vk Mun Opp during the first quarter worth approximately $179,000. Finally, Nomura Holdings Inc. bought a new stake in shares of Inv Vk Mun Opp during the fourth quarter worth approximately $202,000. 42.57% of the stock is owned by institutional investors.

Inv Vk Mun Opp Price Performance

VMO opened at $9.28 on Thursday. The firm has a 50 day simple moving average of $9.11 and a 200 day simple moving average of $9.35. Inv Vk Mun Opp has a fifty-two week low of $8.81 and a fifty-two week high of $10.39.

Inv Vk Mun Opp Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, August 29th. Shareholders of record on Monday, August 18th will be paid a $0.0625 dividend. This represents a c) annualized dividend and a yield of 8.1%. The ex-dividend date of this dividend is Monday, August 18th.

Inv Vk Mun Opp Profile

Invesco Municipal Opportunity Trust is a closed ended fixed income mutual fund launched by Invesco Ltd. The fund is co-managed by Invesco Advisers, Inc, INVESCO Asset Management (Japan) Limited, INVESCO Asset Management Deutschland GmbH, INVESCO Asset Management Limited, Invesco Canada Ltd., Invesco Hong Kong Limited, and INVESCO Senior Secured Management, Inc It invests in the fixed income markets of the United States.