Robinson Capital Management LLC lessened its holdings in shares of Inv Vk Mun Opp (NYSE:VMO – Free Report) by 89.9% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 76,465 shares of the investment management company’s stock after selling 682,306 shares during the quarter. Robinson Capital Management LLC’s holdings in Inv Vk Mun Opp were worth $755,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Royal Bank of Canada raised its holdings in Inv Vk Mun Opp by 16.9% in the 1st quarter. Royal Bank of Canada now owns 44,400 shares of the investment management company’s stock worth $421,000 after purchasing an additional 6,422 shares in the last quarter. NewEdge Advisors LLC increased its position in shares of Inv Vk Mun Opp by 7.4% during the first quarter. NewEdge Advisors LLC now owns 57,365 shares of the investment management company’s stock valued at $544,000 after buying an additional 3,937 shares during the period. Jane Street Group LLC bought a new position in Inv Vk Mun Opp in the first quarter worth about $156,000. Cetera Investment Advisers raised its stake in Inv Vk Mun Opp by 37.2% in the second quarter. Cetera Investment Advisers now owns 50,483 shares of the investment management company’s stock worth $463,000 after buying an additional 13,676 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its holdings in Inv Vk Mun Opp by 252.9% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 7,661 shares of the investment management company’s stock worth $70,000 after buying an additional 5,490 shares during the period. Hedge funds and other institutional investors own 42.57% of the company’s stock.
Inv Vk Mun Opp Stock Down 1.1%
Inv Vk Mun Opp stock opened at $9.41 on Thursday. The stock’s 50 day simple moving average is $9.72 and its two-hundred day simple moving average is $9.72. Inv Vk Mun Opp has a fifty-two week low of $9.22 and a fifty-two week high of $10.10.
Inv Vk Mun Opp Announces Dividend
About Inv Vk Mun Opp
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.
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