Inv Vk Mun Opp (NYSE:VMO – Get Free Report) declared a monthly dividend on Tuesday, September 1st. Investors of record on Monday, September 14th will be given a dividend of 0.0625 per share by the investment management company on Wednesday, September 30th. This represents a c) annualized dividend and a yield of 8.0%. The ex-dividend date of this dividend is Monday, September 14th.
Inv Vk Mun Opp Stock Performance
Shares of VMO stock opened at $9.37 on Friday. The business has a fifty day simple moving average of $9.70 and a 200-day simple moving average of $9.71. Inv Vk Mun Opp has a fifty-two week low of $9.22 and a fifty-two week high of $10.10.
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of the stock. NewEdge Advisors LLC raised its stake in 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 valued at $1,360,000 after purchasing an additional 10,896 shares during the last quarter. Baird Financial Group Inc. purchased a new position in shares of Inv Vk Mun Opp in the 2nd quarter worth about $244,000. Citadel Advisors LLC acquired a new position in Inv Vk Mun Opp during the second quarter valued at approximately $417,000. Concurrent Investment Advisors LLC boosted its position in Inv Vk Mun Opp by 40.1% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 53,559 shares of the investment management company’s stock worth $529,000 after purchasing an additional 15,318 shares during the period. Finally, Susquehanna International Group LLP acquired a new stake in shares of Inv Vk Mun Opp in the second quarter valued at about $135,000. 42.57% of the stock is currently owned by institutional investors and hedge funds.
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.
See Also
- Five stocks we like better than Inv Vk Mun Opp
- American Eagle Goes on Sale: Is It Time to Buy?
- MarketBeat Week in Review – 09/07 – 09/11
- Block Makes a Federal Trust Bank Move That Could Reshape Its Fintech Model
- Kroger’s Textbook Entry for Buy-and-Hold Investors
Receive News & Ratings for Inv Vk Mun Opp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Inv Vk Mun Opp and related companies with MarketBeat.com's FREE daily email newsletter.
