Advisors Asset Management Inc. Buys 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. boosted its holdings in Inv Vk Mun Opp (NYSE:VMO - Free Report) by 40.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 215,382 shares of the investment management company's stock after buying an additional 62,365 shares during the period. Advisors Asset Management Inc. owned approximately 0.32% of Inv Vk Mun Opp worth $2,044,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. US Bancorp DE increased its position in Inv Vk Mun Opp by 413.3% in the 1st quarter. US Bancorp DE now owns 2,700 shares of the investment management company's stock worth $26,000 after buying an additional 2,174 shares during the period. CBIZ Investment Advisory Services LLC bought a new stake in shares of Inv Vk Mun Opp during the first quarter valued at approximately $29,000. Ackerman Capital Advisors LLC bought a new stake in shares of Inv Vk Mun Opp during the first quarter valued at approximately $97,000. Formidable Asset Management LLC bought a new stake in shares of Inv Vk Mun Opp during the first quarter valued at approximately $179,000. Finally, Nomura Holdings Inc. bought a new stake in shares of Inv Vk Mun Opp during the fourth quarter valued at approximately $202,000. 42.57% of the stock is owned by institutional investors.

Inv Vk Mun Opp Stock Performance

Shares of VMO traded down $0.02 on Friday, reaching $9.49. 76,650 shares of the stock traded hands, compared to its average volume of 260,390. Inv Vk Mun Opp has a 12 month low of $8.81 and a 12 month high of $10.39. The stock's 50-day moving average price is $9.17 and its 200-day moving average price is $9.27.

Inv Vk Mun Opp Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 16th will be given a dividend of $0.0625 per share. The ex-dividend date is Tuesday, September 16th. This represents a c) dividend on an annualized basis and a dividend yield of 7.9%.

Inv Vk Mun Opp 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.