Inv Vk Mun Opp (NYSE:VMO) Sets New 1-Year High – Here’s What Happened

Shares of Inv Vk Mun Opp (NYSE:VMO) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $9.95 and last traded at $9.9350, with a volume of 34419 shares traded. The stock had previously closed at $9.89.

Inv Vk Mun Opp Price Performance

The business has a fifty day simple moving average of $9.66 and a two-hundred day simple moving average of $9.53.

Inv Vk Mun Opp Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, February 27th. Stockholders of record on Tuesday, February 17th will be paid a dividend of $0.0625 per share. This represents a c) annualized dividend and a dividend yield of 7.5%. The ex-dividend date is Tuesday, February 17th.

Institutional Investors Weigh In On Inv Vk Mun Opp

A number of institutional investors have recently bought and sold shares of VMO. Global Retirement Partners LLC lifted its position in shares of Inv Vk Mun Opp by 1,039.1% in the fourth quarter. Global Retirement Partners LLC now owns 8,737 shares of the investment management company’s stock valued at $84,000 after acquiring an additional 7,970 shares in the last quarter. Wakefield Asset Management LLLP increased its stake in Inv Vk Mun Opp by 0.7% in the 4th quarter. Wakefield Asset Management LLLP now owns 191,104 shares of the investment management company’s stock worth $1,829,000 after acquiring an additional 1,309 shares during the last quarter. Benjamin Edwards Inc. bought a new position in shares of Inv Vk Mun Opp in the 4th quarter valued at about $103,000. Rareview Capital LLC raised its position in Inv Vk Mun Opp by 4.6% during the fourth quarter. Rareview Capital LLC now owns 286,911 shares of the investment management company’s stock valued at $2,634,000 after purchasing an additional 12,566 shares during the period. Finally, Ashton Thomas Private Wealth LLC grew its stake in Inv Vk Mun Opp by 9.7% in the 4th quarter. Ashton Thomas Private Wealth LLC now owns 17,000 shares of the investment management company’s stock worth $163,000 after acquiring an additional 1,500 shares in the last quarter. Hedge funds and other institutional investors own 42.57% of the company’s stock.

Inv Vk Mun Opp Company 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.