86,339 Shares in Inv Vk Mun Opp $VMO Purchased by Worthington Financial Partners LLC

Worthington Financial Partners LLC purchased a new stake in shares of Inv Vk Mun Opp (NYSE:VMO) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 86,339 shares of the investment management company’s stock, valued at approximately $826,000.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Rivernorth Capital Management LLC lifted its stake in Inv Vk Mun Opp by 9.1% in the fourth quarter. Rivernorth Capital Management LLC now owns 4,042,713 shares of the investment management company’s stock worth $38,689,000 after acquiring an additional 335,856 shares during the period. LPL Financial LLC raised its holdings in Inv Vk Mun Opp by 11.6% in the 4th quarter. LPL Financial LLC now owns 1,075,653 shares of the investment management company’s stock worth $10,294,000 after purchasing an additional 112,110 shares in the last quarter. Ameriprise Financial Inc. raised its holdings in Inv Vk Mun Opp by 25.6% in the 3rd quarter. Ameriprise Financial Inc. now owns 938,612 shares of the investment management company’s stock worth $9,084,000 after purchasing an additional 191,183 shares in the last quarter. Advisors Asset Management Inc. lifted its position 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 worth $6,103,000 after purchasing an additional 191,246 shares during the period. Finally, Wells Fargo & Company MN lifted its position in shares of Inv Vk Mun Opp by 30.7% in the 4th quarter. Wells Fargo & Company MN now owns 591,204 shares of the investment management company’s stock worth $5,658,000 after purchasing an additional 138,904 shares during the period. Hedge funds and other institutional investors own 42.57% of the company’s stock.

Inv Vk Mun Opp Price Performance

VMO stock opened at $9.90 on Friday. Inv Vk Mun Opp has a 1 year low of $8.90 and a 1 year high of $10.10. The firm has a 50-day moving average of $9.69 and a 200 day moving average of $9.70.

Inv Vk Mun Opp Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be given a $0.0625 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a c) annualized dividend and a dividend yield of 7.6%.

Inv Vk Mun Opp Profile

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.