Inv Vk Mun Opp (NYSE:VMO) Reaches New 1-Year Low – Here’s Why

Shares of Inv Vk Mun Opp (NYSE:VMOGet Free Report) reached a new 52-week low on Friday . The stock traded as low as $9.20 and last traded at $9.21, with a volume of 152981 shares traded. The stock had previously closed at $9.27.

Inv Vk Mun Opp Trading Down 0.9%

The company’s 50-day moving average is $9.65 and its two-hundred day moving average is $9.69.

Inv Vk Mun Opp Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, September 30th. Investors of record on Monday, September 14th will be issued a $0.0625 dividend. The ex-dividend date of this dividend is Monday, September 14th. This represents a c) annualized dividend and a yield of 8.2%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. NewEdge Advisors LLC increased its holdings in shares of Inv Vk Mun Opp by 8.6% in the second quarter. NewEdge Advisors LLC now owns 137,771 shares of the investment management company’s stock worth $1,360,000 after buying an additional 10,896 shares during the period. Baird Financial Group Inc. purchased a new stake in Inv Vk Mun Opp during the 2nd quarter valued at about $244,000. Citadel Advisors LLC bought a new position in Inv Vk Mun Opp during the 2nd quarter worth approximately $417,000. Concurrent Investment Advisors LLC grew 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 acquiring an additional 15,318 shares during the last quarter. Finally, Susquehanna International Group LLP purchased a new position in Inv Vk Mun Opp in the 2nd quarter worth approximately $135,000. Hedge funds and other institutional investors own 42.57% of the company’s stock.

Inv Vk Mun Opp Company Profile

(Get Free Report)

Invesco Municipal Opportunity Trust (NYSE: VMO) is a closed-end 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, municipalities and other public-sector entities in the United States.

The portfolio may include tax-exempt bonds and other debt obligations used to finance public infrastructure and services, such as schools, transportation systems, utilities and healthcare facilities.

Further Reading

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