Advisors Asset Management Inc. Purchases 62,365 Shares of INV VK MUN OPP $VMO

Key Points

• Advisors Asset Management Inc. increased its holdings in INV VK MUN OPP (NYSE: VMO) by 40.8%, acquiring an additional 62,365 shares to reach a total ownership of 215,382 shares valued at $2,044,000.
• Several other institutional investors significantly raised their stakes, with US Bancorp DE increasing its position by 413.3% in the first quarter.
• INV VK MUN OPP announced a monthly dividend of $0.0625 per share, representing an annual yield of 8.1%, with the payment scheduled for September 30th.

Advisors Asset Management Inc. raised its stake in INV VK MUN OPP (NYSE:VMO - Free Report) by 40.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 215,382 shares of the investment management company's stock after purchasing an additional 62,365 shares during the quarter. Advisors Asset Management Inc. owned 0.32% of INV VK MUN OPP worth $2,044,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of VMO. Guggenheim Capital LLC grew its holdings in shares of INV VK MUN OPP by 24.3% in the first quarter. Guggenheim Capital LLC now owns 1,175,072 shares of the investment management company's stock valued at $11,151,000 after acquiring an additional 229,809 shares in the last quarter. Ameriprise Financial Inc. grew its holdings in shares of INV VK MUN OPP by 160.3% in the fourth quarter. Ameriprise Financial Inc. now owns 299,320 shares of the investment management company's stock valued at $2,909,000 after acquiring an additional 184,317 shares in the last quarter. Raymond James Financial Inc. grew its holdings in shares of INV VK MUN OPP by 23.0% in the first quarter. Raymond James Financial Inc. now owns 961,150 shares of the investment management company's stock valued at $9,121,000 after acquiring an additional 179,489 shares in the last quarter. LPL Financial LLC grew its holdings in shares of INV VK MUN OPP by 17.8% in the first quarter. LPL Financial LLC now owns 532,899 shares of the investment management company's stock valued at $5,057,000 after acquiring an additional 80,657 shares in the last quarter. Finally, Kestra Advisory Services LLC grew its holdings in shares of INV VK MUN OPP by 25.7% in the first quarter. Kestra Advisory Services LLC now owns 308,607 shares of the investment management company's stock valued at $2,929,000 after acquiring an additional 63,028 shares in the last quarter. 42.57% of the stock is owned by hedge funds and other institutional investors.

INV VK MUN OPP Stock Performance

Shares of VMO stock traded up $0.02 during trading on Tuesday, hitting $9.37. The company's stock had a trading volume of 500,647 shares, compared to its average volume of 324,706. The business has a fifty day moving average of $9.16 and a 200-day moving average of $9.27. INV VK MUN OPP has a 52 week low of $8.81 and a 52 week high of $10.39.

INV VK MUN OPP Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 16th will be issued a $0.0625 dividend. The ex-dividend date of this dividend is Tuesday, September 16th. This represents a c) annualized dividend and a dividend yield of 8.0%.

About INV VK MUN OPP

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.