LPL Financial LLC Increases Holdings in Inv Vk Mun Opp $VMO

Key Points

• LPL Financial LLC increased its holdings in INV VK MUN OPP by 17.8%, owning approximately 532,899 shares valued at $5,057,000 as of its latest SEC filing.
• Other institutional investors have also made significant increases in their positions, with Guggenheim Capital LLC raising its stake by 48.2% and Ameriprise Financial Inc. boosting its position by 160.3% in the last quarter.
• INV VK MUN OPP announced a monthly dividend of $0.0625, with a projected annualized yield of 8.1%, payable on August 29th to shareholders of record by August 18th.

LPL Financial LLC grew its position in shares of Inv Vk Mun Opp (NYSE:VMO - Free Report) by 17.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 532,899 shares of the investment management company's stock after purchasing an additional 80,657 shares during the period. LPL Financial LLC owned approximately 0.79% of Inv Vk Mun Opp worth $5,057,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in VMO. CBIZ Investment Advisory Services LLC purchased a new position in shares of Inv Vk Mun Opp during the first quarter valued at approximately $29,000. Formidable Asset Management LLC bought a new position in Inv Vk Mun Opp in the 1st quarter valued at $179,000. Nomura Holdings Inc. bought a new position in Inv Vk Mun Opp in the 4th quarter valued at $202,000. Riverbridge Partners LLC grew its position in Inv Vk Mun Opp by 7.3% in the 1st quarter. Riverbridge Partners LLC now owns 24,966 shares of the investment management company's stock valued at $237,000 after acquiring an additional 1,688 shares during the last quarter. Finally, Readystate Asset Management LP bought a new position in Inv Vk Mun Opp in the 1st quarter valued at $282,000. Institutional investors own 42.57% of the company's stock.

Inv Vk Mun Opp Stock Performance

Inv Vk Mun Opp stock traded up $0.01 during mid-day trading on Monday, hitting $9.23. The company's stock had a trading volume of 136,893 shares, compared to its average volume of 246,717. Inv Vk Mun Opp has a one year low of $8.81 and a one year high of $10.39. The company has a 50 day moving average of $9.12 and a 200-day moving average of $9.34.

Inv Vk Mun Opp Dividend Announcement

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 of this dividend 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.