Inv Vk Mun Opp (NYSE:VMO) Portfolio Manager Rebecca Setcavage Purchases 3,000 Shares of Stock

Inv Vk Mun Opp (NYSE:VMO) Portfolio Manager Rebecca Setcavage acquired 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 13th. The shares were acquired at an average cost of $8.64 per share, for a total transaction of $25,920.00. Following the transaction, the portfolio manager owned 3,000 shares of the company’s stock, valued at approximately $25,920. This represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Inv Vk Mun Opp Price Performance

VMO stock opened at $8.73 on Friday. Inv Vk Mun Opp has a 12 month low of $8.12 and a 12 month high of $10.10. The firm has a 50 day moving average of $9.21 and a two-hundred day moving average of $9.54.

Inv Vk Mun Opp Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, October 30th. Investors of record on Wednesday, October 14th will be paid a $0.0625 dividend. This represents a $0.75 annualized dividend and a dividend yield of 8.6%. The ex-dividend date of this dividend is Wednesday, October 14th. This is a boost from Inv Vk Mun Opp’s previous monthly dividend of $0.0625.

Institutional Investors Weigh In On Inv Vk Mun Opp

A number of large investors have recently bought and sold shares of the business. Hennion & Walsh Asset Management Inc. raised its holdings in Inv Vk Mun Opp by 89.8% during the second quarter. Hennion & Walsh Asset Management Inc. now owns 1,277,578 shares of the investment management company’s stock valued at $12,610,000 after buying an additional 604,561 shares in the last quarter. Worthington Financial Partners LLC bought a new stake in shares of Inv Vk Mun Opp during the 4th quarter worth about $826,000. Kestra Advisory Services LLC increased its holdings in shares of Inv Vk Mun Opp by 19.4% during the 1st quarter. Kestra Advisory Services LLC now owns 523,813 shares of the investment management company’s stock valued at $4,981,000 after acquiring an additional 85,183 shares during the last quarter. Citadel Advisors LLC acquired a new position in shares of Inv Vk Mun Opp during the 2nd quarter valued at about $417,000. Finally, Royal Bank of Canada increased its holdings in shares of Inv Vk Mun Opp by 25.6% during the 1st quarter. Royal Bank of Canada now owns 169,567 shares of the investment management company’s stock valued at $1,612,000 after acquiring an additional 34,600 shares during the last quarter. 42.57% of the stock is currently owned by institutional investors.

About Inv Vk Mun Opp

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.