Guggenheim Capital LLC Increases 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 increased its position in Inv Vk Mun Opp (NYSE:VMO - Free Report) by 24.3% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,175,072 shares of the investment management company's stock after acquiring an additional 229,809 shares during the period. Guggenheim Capital LLC owned about 1.74% of Inv Vk Mun Opp worth $11,151,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Ameriprise Financial Inc. raised its holdings 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 acquiring an additional 184,317 shares during the last quarter. Janney Montgomery Scott LLC raised its stake in Inv Vk Mun Opp by 13.3% during the 1st quarter. Janney Montgomery Scott LLC now owns 43,738 shares of the investment management company's stock valued at $415,000 after buying an additional 5,120 shares during the last quarter. Cambridge Investment Research Advisors Inc. raised its stake in Inv Vk Mun Opp by 10.7% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 129,282 shares of the investment management company's stock valued at $1,227,000 after buying an additional 12,459 shares during the last quarter. Nuveen Asset Management LLC raised its stake in Inv Vk Mun Opp by 12.4% during the 4th quarter. Nuveen Asset Management LLC now owns 77,986 shares of the investment management company's stock valued at $758,000 after buying an additional 8,600 shares during the last quarter. Finally, PNC Financial Services Group Inc. raised its stake in Inv Vk Mun Opp by 65.6% during the 1st quarter. PNC Financial Services Group Inc. now owns 71,092 shares of the investment management company's stock valued at $675,000 after buying an additional 28,168 shares during the last quarter. 42.57% of the stock is currently owned by hedge funds and other institutional investors.

Inv Vk Mun Opp Price Performance

VMO traded up $0.04 during mid-day trading on Wednesday, reaching $9.21. 124,598 shares of the company traded hands, compared to its average volume of 248,980. The company's fifty day moving average price is $9.15 and its 200-day moving average price is $9.29. Inv Vk Mun Opp has a 52-week low of $8.81 and a 52-week high of $10.39.

Inv Vk Mun Opp Dividend Announcement

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

Inv Vk Mun Opp Company 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.