Inv Vk Mun Opp (NYSE:VMO – Get Free Report)’s stock price crossed above its 50 day moving average during trading on Friday. The stock has a 50 day moving average of $9.01 and traded as high as $9.10. Inv Vk Mun Opp shares last traded at $9.08, with a volume of 310,839 shares trading hands.
Inv Vk Mun Opp Stock Up 0.9%
The firm’s 50 day moving average is $9.01 and its 200 day moving average is $9.56.
Inv Vk Mun Opp Increases Dividend
The firm also recently disclosed a monthly dividend, which was paid on Friday, October 30th. Investors of record on Wednesday, October 14th were given a dividend of $0.0625 per share. This represents a $0.75 annualized dividend and a dividend yield of 8.3%. This is a boost from Inv Vk Mun Opp’s previous monthly dividend of $0.0625. The ex-dividend date of this dividend was Wednesday, October 14th.
Insider Activity
In related news, Portfolio Manager Rebecca Setcavage bought 3,000 shares of the stock in a transaction that occurred on Tuesday, October 13th. The shares were bought at an average cost of $8.64 per share, for a total transaction of $25,920.00. Following the completion of the transaction, the portfolio manager owned 3,000 shares of the company’s stock, valued at approximately $25,920. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.00% of the company’s stock.
Institutional Investors Weigh In On Inv Vk Mun Opp
Large investors have recently added to or reduced their stakes in the stock. Choreo LLC increased its holdings in shares of Inv Vk Mun Opp by 9.9% during the third quarter. Choreo LLC now owns 41,936 shares of the investment management company’s stock valued at $350,000 after acquiring an additional 3,776 shares in the last quarter. Janney Montgomery Scott LLC raised its holdings in Inv Vk Mun Opp by 11.4% in the 1st quarter. Janney Montgomery Scott LLC now owns 42,927 shares of the investment management company’s stock valued at $408,000 after buying an additional 4,393 shares during the period. Petra Financial Advisors Inc. grew its stake in shares of Inv Vk Mun Opp by 12.9% in the first quarter. Petra Financial Advisors Inc. now owns 57,915 shares of the investment management company’s stock valued at $551,000 after buying an additional 6,630 shares in the last quarter. Compass Wealth Management LLC purchased a new stake in Inv Vk Mun Opp during the 3rd quarter worth approximately $57,000. Finally, Van ECK Associates Corp increased its holdings in Inv Vk Mun Opp by 1.6% during the 2nd quarter. Van ECK Associates Corp now owns 451,018 shares of the investment management company’s stock worth $4,452,000 after purchasing an additional 6,915 shares during the period. 42.57% of the stock is owned by hedge funds and other institutional investors.
About Inv Vk Mun Opp
Invesco Municipal Opportunity Trust (NYSE: VMO) is a closed-end management investment company. The fund seeks to provide current income that is exempt from regular federal income tax by investing primarily in a portfolio of municipal securities issued by states, municipalities and other public authorities in the United States.
The portfolio may include a variety of tax-exempt bonds used to finance public infrastructure and essential services, such as transportation, utilities, education and health care.
Read More
- Five stocks we like better than Inv Vk Mun Opp
- LyondellBasell’s Dividend Looks Safer, But a New Risk Could Change That
- L3Harris Stock Took a Beating—Is a 20% Rebound Next?
- Starbucks Says Its Turnaround Is Done—The Numbers Make a Strong Case (With 1 Catch)
- 3 Robotics ETFs, 3 Different Ways to Bet on Humanoid Robots
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.
