Inv Vk Mun Opp (NYSE:VMO) Sets New 1-Year High – Time to Buy?

Inv Vk Mun Opp (NYSE:VMO) shares reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $10.10 and last traded at $9.9960, with a volume of 194145 shares traded. The stock had previously closed at $10.02.

Inv Vk Mun Opp Price Performance

The stock has a 50 day moving average of $9.76 and a 200 day moving average of $9.61.

Inv Vk Mun Opp Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Friday, February 27th. Shareholders of record on Tuesday, February 17th were issued a $0.0625 dividend. This represents a c) annualized dividend and a yield of 7.5%. The ex-dividend date of this dividend was Tuesday, February 17th.

Institutional Trading of Inv Vk Mun Opp

Several large investors have recently made changes to their positions in the company. Gridiron Partners LLC increased its stake in Inv Vk Mun Opp by 1,558.1% in the third quarter. Gridiron Partners LLC now owns 1,502,830 shares of the investment management company’s stock valued at $145,000 after acquiring an additional 1,412,192 shares during the last quarter. Ameriprise Financial Inc. lifted its stake in Inv Vk Mun Opp by 121.2% during the second quarter. Ameriprise Financial Inc. now owns 747,429 shares of the investment management company’s stock worth $6,853,000 after purchasing an additional 409,601 shares during the last quarter. Rivernorth Capital Management LLC boosted its holdings in shares of Inv Vk Mun Opp by 9.1% in the 4th quarter. Rivernorth Capital Management LLC now owns 4,042,713 shares of the investment management company’s stock valued at $38,689,000 after purchasing an additional 335,856 shares in the last quarter. Guggenheim Capital LLC increased its stake in shares of Inv Vk Mun Opp by 23.9% in the 2nd quarter. Guggenheim Capital LLC now owns 1,456,238 shares of the investment management company’s stock valued at $13,368,000 after purchasing an additional 281,166 shares during the last quarter. Finally, Advisors Asset Management Inc. increased its stake in shares of Inv Vk Mun Opp by 42.8% in the 4th quarter. Advisors Asset Management Inc. now owns 637,733 shares of the investment management company’s stock valued at $6,103,000 after purchasing an additional 191,246 shares during the last quarter. Institutional investors and hedge funds own 42.57% of the company’s stock.

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.