Inv Vk Mun Opp (VMO) To Go Ex-Dividend on October 14th

Inv Vk Mun Opp (NYSE:VMO) declared a monthly dividend on Thursday, October 1st. Stockholders of record on Wednesday, October 14th will be given a dividend of $0.0625 per share by the investment management company on Friday, October 30th. This represents a $0.75 annualized dividend and a dividend yield of 8.8%. The ex-dividend date of this dividend is Wednesday, October 14th. This is a 0.0% increase from Inv Vk Mun Opp’s previous monthly dividend of $0.0625.

Inv Vk Mun Opp Trading Up 0.8%

NYSE VMO opened at $8.50 on Friday. Inv Vk Mun Opp has a 12 month low of $8.12 and a 12 month high of $10.10. The company’s 50 day simple moving average is $9.41 and its 200 day simple moving average is $9.60.

Hedge Funds Weigh In On Inv Vk Mun Opp

A number of institutional investors and hedge funds have recently added to or reduced their stakes in VMO. Envestnet Asset Management Inc. bought a new position in Inv Vk Mun Opp during the second quarter valued at about $147,000. NewEdge Advisors LLC raised its position in 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 acquiring an additional 10,896 shares in the last quarter. Baird Financial Group Inc. acquired a new stake in Inv Vk Mun Opp in the 2nd quarter valued at about $244,000. Citadel Advisors LLC acquired a new stake in Inv Vk Mun Opp in the 2nd quarter valued at about $417,000. Finally, Concurrent Investment Advisors LLC boosted its position in shares of 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 valued at $529,000 after purchasing an additional 15,318 shares in the last quarter. 42.57% of the stock is owned by institutional investors.

Inv Vk Mun Opp Company Profile

Invesco Municipal Opportunity Trust (NYSE: VMO) is a closed-end management 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, cities, counties, public authorities and other governmental entities in the United States.

The trust may invest in a range of tax-exempt securities, including general obligation and revenue bonds. Revenue bonds are typically backed by income from projects or services such as transportation systems, utilities, hospitals, housing programs and educational facilities.