Inv Vk Mun Opp (NYSE:VMO) Stock Price Crosses Above Fifty Day Moving Average – Here’s Why

Shares of Inv Vk Mun Opp (NYSE:VMO) passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $9.59 and traded as high as $9.75. Inv Vk Mun Opp shares last traded at $9.7450, with a volume of 235,250 shares trading hands.

Inv Vk Mun Opp Trading Up 0.5%

The firm’s 50 day moving average is $9.59 and its two-hundred day moving average is $9.32.

Inv Vk Mun Opp Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, November 28th. Stockholders of record on Monday, November 17th will be given a dividend of $0.0625 per share. The ex-dividend date of this dividend is Monday, November 17th. This represents a c) dividend on an annualized basis and a dividend yield of 7.7%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of VMO. US Bancorp DE grew its stake in Inv Vk Mun Opp by 413.3% during the 1st quarter. US Bancorp DE now owns 2,700 shares of the investment management company’s stock worth $26,000 after purchasing an additional 2,174 shares in the last quarter. CBIZ Investment Advisory Services LLC acquired a new stake in Inv Vk Mun Opp in the 1st quarter valued at about $29,000. Geneos Wealth Management Inc. boosted its stake in shares of 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. grew its position in shares of Inv Vk Mun Opp by 252.9% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 7,661 shares of the investment management company’s stock worth $70,000 after buying an additional 5,490 shares in the last quarter. Finally, Concorde Asset Management LLC acquired a new position in shares of Inv Vk Mun Opp during the first quarter worth about $95,000. 42.57% of the stock is currently owned by hedge funds and other institutional investors.

Inv Vk Mun Opp Company Profile

Invesco Municipal Opportunity Trust is a closed ended fixed income mutual fund launched by Invesco Ltd. The fund is co-managed by Invesco Advisers, Inc, INVESCO Asset Management (Japan) Limited, INVESCO Asset Management Deutschland GmbH, INVESCO Asset Management Limited, Invesco Canada Ltd., Invesco Hong Kong Limited, and INVESCO Senior Secured Management, Inc It invests in the fixed income markets of the United States.