Osaic Holdings Inc. Sells 89,200 Shares of Inv Vk Mun Opp $VMO

Osaic Holdings Inc. decreased its stake in shares of Inv Vk Mun Opp (NYSE:VMO) by 34.2% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 171,902 shares of the investment management company’s stock after selling 89,200 shares during the quarter. Osaic Holdings Inc. owned about 0.25% of Inv Vk Mun Opp worth $1,578,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the stock. CBIZ Investment Advisory Services LLC purchased a new position in shares of Inv Vk Mun Opp in the 1st quarter worth about $29,000. Geneos Wealth Management Inc. raised its holdings in Inv Vk Mun Opp by 1,328.5% in the second quarter. Geneos Wealth Management Inc. now owns 4,214 shares of the investment management company’s stock worth $39,000 after buying an additional 3,919 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Inv Vk Mun Opp by 252.9% in 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. Concorde Asset Management LLC purchased a new stake in shares of Inv Vk Mun Opp during the first quarter valued at approximately $95,000. Finally, Jane Street Group LLC bought a new stake in shares of Inv Vk Mun Opp during the first quarter valued at approximately $156,000. 42.57% of the stock is owned by hedge funds and other institutional investors.

Inv Vk Mun Opp Stock Performance

Shares of NYSE VMO opened at $9.60 on Wednesday. Inv Vk Mun Opp has a twelve month low of $8.81 and a twelve month high of $9.94. The company has a 50 day moving average of $9.62 and a 200 day moving average of $9.41.

Inv Vk Mun Opp Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, December 31st. Investors of record on Tuesday, December 16th will be given a dividend of $0.0625 per share. The ex-dividend date of this dividend is Tuesday, December 16th. This represents a c) annualized dividend and a dividend yield of 7.8%.

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.