Inv Vk Mun Opp $VMO Shares Bought by Kestra Advisory Services LLC

Kestra Advisory Services LLC boosted its position in shares of Inv Vk Mun Opp (NYSE:VMO) by 19.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 523,813 shares of the investment management company’s stock after buying an additional 85,183 shares during the period. Kestra Advisory Services LLC owned 0.78% of Inv Vk Mun Opp worth $4,981,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in VMO. Burford Brothers Inc. lifted its position in shares of Inv Vk Mun Opp by 69.9% in the first quarter. Burford Brothers Inc. now owns 48,690 shares of the investment management company’s stock valued at $463,000 after acquiring an additional 20,040 shares in the last quarter. Janney Montgomery Scott LLC increased its position in shares of Inv Vk Mun Opp by 11.4% during the first quarter. Janney Montgomery Scott LLC now owns 42,927 shares of the investment management company’s stock worth $408,000 after purchasing an additional 4,393 shares in the last quarter. Worthington Financial Partners LLC purchased a new stake in shares of Inv Vk Mun Opp during the fourth quarter worth approximately $826,000. Virtu Financial LLC acquired a new position in Inv Vk Mun Opp in the 4th quarter valued at $97,000. Finally, NewEdge Advisors LLC raised its stake in Inv Vk Mun Opp by 15.7% in the 4th quarter. NewEdge Advisors LLC now owns 101,419 shares of the investment management company’s stock valued at $971,000 after purchasing an additional 13,788 shares during the last quarter. Institutional investors and hedge funds own 42.57% of the company’s stock.

Inv Vk Mun Opp Stock Down 0.3%

Shares of VMO opened at $9.86 on Thursday. Inv Vk Mun Opp has a 52-week low of $8.90 and a 52-week high of $10.10. The firm’s fifty day moving average is $9.76 and its two-hundred day moving average is $9.74.

Inv Vk Mun Opp Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, July 31st. Stockholders of record on Tuesday, July 14th will be paid a $0.0625 dividend. This represents a c) annualized dividend and a dividend yield of 7.6%. The ex-dividend date of this dividend is Tuesday, July 14th.

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.