Inv Vk Mun Opp (NYSE:VMO) Sets New 52-Week High – Here’s Why

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

Inv Vk Mun Opp Stock Performance

The firm’s 50 day simple moving average is $9.74 and its 200-day simple moving average is $9.60.

Inv Vk Mun Opp Announces Dividend

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

Hedge Funds Weigh In On Inv Vk Mun Opp

Institutional investors and hedge funds have recently bought and sold shares of the business. Garton & Associates Financial Advisors LLC purchased a new stake in shares of Inv Vk Mun Opp in the fourth quarter worth approximately $33,000. Geneos Wealth Management Inc. increased its stake in Inv Vk Mun Opp by 1,328.5% in the 2nd quarter. Geneos Wealth Management Inc. now owns 4,214 shares of the investment management company’s stock valued at $39,000 after buying an additional 3,919 shares during the period. Northwestern Mutual Wealth Management Co. increased its stake in Inv Vk Mun Opp by 252.9% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 7,661 shares of the investment management company’s stock valued at $70,000 after buying an additional 5,490 shares during the period. Global Retirement Partners LLC lifted its position in Inv Vk Mun Opp by 1,039.1% in the 4th quarter. Global Retirement Partners LLC now owns 8,737 shares of the investment management company’s stock worth $84,000 after buying an additional 7,970 shares in the last quarter. Finally, Merit Financial Group LLC acquired a new stake in shares of Inv Vk Mun Opp during the 4th quarter valued at $96,000. 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.