Guggenheim Capital LLC Grows Stock Holdings in INV VK MUN OPP $VMO

Key Points

• Guggenheim Capital LLC increased its stake in INV VK MUN OPP (NYSE: VMO) by 24.3% during the first quarter, acquiring a total of 1,175,072 shares valued at approximately $11.15 million.
• Other institutional investors, including Raymond James Financial Inc. and LPL Financial LLC, also boosted their stakes in the fund, contributing to a total institutional ownership of 42.57% of the stock.
• The firm announced a monthly dividend of $0.0625 per share, set to be paid on August 29th, which equates to an annualized yield of 8.1%.

Guggenheim Capital LLC boosted its stake in INV VK MUN OPP (NYSE:VMO - Free Report) by 24.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,175,072 shares of the investment management company's stock after purchasing an additional 229,809 shares during the period. Guggenheim Capital LLC owned approximately 1.74% of INV VK MUN OPP worth $11,151,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in VMO. Ameriprise Financial Inc. grew its position in INV VK MUN OPP by 160.3% in the 4th quarter. Ameriprise Financial Inc. now owns 299,320 shares of the investment management company's stock worth $2,909,000 after purchasing an additional 184,317 shares during the period. Raymond James Financial Inc. grew its position in INV VK MUN OPP by 23.0% in the 1st quarter. Raymond James Financial Inc. now owns 961,150 shares of the investment management company's stock worth $9,121,000 after purchasing an additional 179,489 shares during the period. Stifel Financial Corp grew its position in INV VK MUN OPP by 72.3% in the 4th quarter. Stifel Financial Corp now owns 201,656 shares of the investment management company's stock worth $1,960,000 after purchasing an additional 84,593 shares during the period. LPL Financial LLC grew its position in INV VK MUN OPP by 17.8% in the 1st quarter. LPL Financial LLC now owns 532,899 shares of the investment management company's stock worth $5,057,000 after purchasing an additional 80,657 shares during the period. Finally, Kestra Advisory Services LLC grew its position in INV VK MUN OPP by 25.7% in the 1st quarter. Kestra Advisory Services LLC now owns 308,607 shares of the investment management company's stock worth $2,929,000 after purchasing an additional 63,028 shares during the period. Institutional investors own 42.57% of the company's stock.

INV VK MUN OPP Trading Down 0.1%

NYSE:VMO traded down $0.01 during trading hours on Friday, reaching $9.23. The company had a trading volume of 353,434 shares, compared to its average volume of 234,229. INV VK MUN OPP has a 52 week low of $8.81 and a 52 week high of $10.39. The firm's 50 day moving average price is $9.14 and its 200-day moving average price is $9.30.

INV VK MUN OPP Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Friday, August 29th. Stockholders of record on Monday, August 18th were paid a dividend of $0.0625 per share. This represents a c) annualized dividend and a dividend yield of 8.1%. The ex-dividend date was 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.