31,741 Shares in INV VK MUN OPP (NYSE:VMO) Bought by AlphaCore Capital LLC

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 acquired a new position in INV VK MUN OPP (NYSE:VMO - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 31,741 shares of the investment management company's stock, valued at approximately $301,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Planning Alternatives Ltd. ADV raised its position in INV VK MUN OPP by 87.2% in the 1st quarter. Planning Alternatives Ltd. ADV now owns 73,000 shares of the investment management company's stock valued at $693,000 after purchasing an additional 34,000 shares in the last quarter. Ackerman Capital Advisors LLC purchased a new stake in shares of INV VK MUN OPP during the 1st quarter valued at $97,000. PNC Financial Services Group Inc. boosted its holdings in INV VK MUN OPP by 65.6% in the 1st quarter. PNC Financial Services Group Inc. now owns 71,092 shares of the investment management company's stock worth $675,000 after acquiring an additional 28,168 shares during the period. US Bancorp DE boosted 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 valued at $26,000 after acquiring an additional 2,174 shares during the last quarter. Finally, LPL Financial LLC lifted its stake in 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 buying an additional 80,657 shares during the last quarter. 42.57% of the stock is owned by institutional investors.

INV VK MUN OPP Trading Down 0.2%

VMO traded down $0.02 during mid-day trading on Thursday, hitting $9.28. The stock had a trading volume of 187,777 shares, compared to its average volume of 227,413. The stock's fifty day simple moving average is $9.11 and its 200-day simple moving average is $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 declared a monthly dividend, which will be paid on Friday, August 29th. Shareholders of record on Monday, August 18th will be paid a $0.0625 dividend. This represents a c) dividend on an annualized basis and a yield of 8.1%. The ex-dividend date of this dividend is Monday, August 18th.

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.