AlphaCore Capital LLC Buys Shares of 31,741 Inv Vk Mun Opp (NYSE:VMO)

Key Points

• AlphaCore Capital LLC acquired a new stake in Invesco Municipal Opportunity Trust (NYSE:VMO) amounting to 31,741 shares valued at approximately $301,000 during the first quarter.
• A variety of hedge funds, including Guggenheim Capital LLC, have recently increased their holdings in VMO, with Guggenheim’s stake growing by 48.2% to 945,263 shares.
• Invesco Municipal Opportunity Trust has announced a monthly dividend of $0.0625 per share, reflecting an annualized yield of 8.1%, with the ex-dividend date set for August 18th.

AlphaCore Capital LLC bought a new stake in shares of Inv Vk Mun Opp (NYSE:VMO - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 31,741 shares of the investment management company's stock, valued at approximately $301,000.

Several other hedge funds also recently added to or reduced their stakes in VMO. Bank of Montreal Can increased its position in Inv Vk Mun Opp by 4.1% during the 4th quarter. Bank of Montreal Can now owns 39,745 shares of the investment management company's stock valued at $386,000 after buying an additional 1,578 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in Inv Vk Mun Opp during the fourth quarter worth about $7,598,000. Garner Asset Management Corp raised its stake in shares of Inv Vk Mun Opp by 1.3% during the 4th quarter. Garner Asset Management Corp now owns 117,254 shares of the investment management company's stock worth $1,140,000 after buying an additional 1,507 shares during the period. Guggenheim Capital LLC raised its stake in shares of Inv Vk Mun Opp by 48.2% during the 4th quarter. Guggenheim Capital LLC now owns 945,263 shares of the investment management company's stock worth $9,188,000 after buying an additional 307,338 shares during the period. Finally, NewEdge Advisors LLC raised its stake in shares of Inv Vk Mun Opp by 8.8% during the 4th quarter. NewEdge Advisors LLC now owns 53,428 shares of the investment management company's stock worth $519,000 after buying an additional 4,303 shares during the period. 42.57% of the stock is owned by institutional investors and hedge funds.

Inv Vk Mun Opp Stock Performance

Shares of NYSE VMO traded up $0.05 during midday trading on Wednesday, hitting $9.28. The stock had a trading volume of 19,292 shares, compared to its average volume of 245,806. The stock has a 50 day simple moving average of $9.11 and a 200-day simple moving average of $9.35. Inv Vk Mun Opp has a 1 year low of $8.81 and a 1 year high of $10.39.

Inv Vk Mun Opp Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, August 29th. Investors of record on Monday, August 18th will be given a dividend of $0.0625 per share. The ex-dividend date is Monday, August 18th. This represents a c) dividend on an annualized basis and a yield of 8.1%.

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.