Gridiron Partners LLC Sells 1,412,192 Shares of Inv Vk Mun Opp $VMO

Key Points

• Gridiron Partners cut its stake in Invesco Municipal Opportunity Trust (VMO) by 94.0%, selling 1,412,192 shares in Q4 and retaining 90,638 shares (about 0.5% of its portfolio).
• VMO declared a monthly dividend of $0.0625 per share payable March 31 to holders of record on March 16, implying an annualized yield of about 7.9%.
• The stock recently traded around $9.53 with a 52-week range of $8.81–$10.10, and institutional ownership stands at roughly 42.6% while several large investors (e.g., Guggenheim, Ameriprise) have been increasing their positions.

Gridiron Partners LLC decreased its position in shares of Inv Vk Mun Opp (NYSE:VMO - Free Report) by 94.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 90,638 shares of the investment management company's stock after selling 1,412,192 shares during the quarter. Inv Vk Mun Opp accounts for approximately 0.5% of Gridiron Partners LLC's investment portfolio, making the stock its 24th largest position. Gridiron Partners LLC owned 0.13% of Inv Vk Mun Opp worth $867,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of VMO. Guggenheim Capital LLC raised its position in shares of Inv Vk Mun Opp by 23.9% in the 2nd quarter. Guggenheim Capital LLC now owns 1,456,238 shares of the investment management company's stock valued at $13,368,000 after buying an additional 281,166 shares in the last quarter. Ameriprise Financial Inc. increased its stake in Inv Vk Mun Opp by 25.6% in the third quarter. Ameriprise Financial Inc. now owns 938,612 shares of the investment management company's stock valued at $9,084,000 after acquiring an additional 191,183 shares during the last quarter. Advisors Asset Management Inc. raised its position in Inv Vk Mun Opp by 37.0% during the third quarter. Advisors Asset Management Inc. now owns 446,487 shares of the investment management company's stock valued at $4,318,000 after purchasing an additional 120,669 shares in the last quarter. Van ECK Associates Corp lifted its stake in Inv Vk Mun Opp by 5.0% during the third quarter. Van ECK Associates Corp now owns 436,182 shares of the investment management company's stock worth $4,218,000 after purchasing an additional 20,883 shares during the last quarter. Finally, Wakefield Asset Management LLLP boosted its holdings in shares of Inv Vk Mun Opp by 2.4% in the 3rd quarter. Wakefield Asset Management LLLP now owns 189,795 shares of the investment management company's stock valued at $1,835,000 after purchasing an additional 4,521 shares in the last quarter. 42.57% of the stock is currently owned by institutional investors and hedge funds.

Inv Vk Mun Opp Stock Performance

Shares of VMO stock opened at $9.53 on Friday. Inv Vk Mun Opp has a twelve month low of $8.81 and a twelve month high of $10.10. The business has a fifty day simple moving average of $9.82 and a 200 day simple moving average of $9.68.

Inv Vk Mun Opp Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, March 31st. Investors of record on Monday, March 16th will be issued a dividend of $0.0625 per share. The ex-dividend date of this dividend is Monday, March 16th. This represents a c) annualized dividend and a dividend yield of 7.9%.

Inv Vk Mun Opp Profile

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.

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