Inv Vk Mun Opp $VMO Shares Purchased by Hennion & Walsh Asset Management Inc.

Key Points

• Hennion & Walsh Asset Management increased its VMO holdings by 89.8% in the second quarter, acquiring 604,561 additional shares for a total position of 1.28 million shares valued at approximately $12.6 million.
• Other institutional investors, including NewEdge Advisors, Bank of America, and Royal Bank of Canada, also expanded their positions; institutions collectively own 42.57% of VMO.
• VMO recently announced a monthly dividend of $0.0625 per share, implying a 7.6% annualized yield, while the stock was trading at $9.84 within its 52-week range of $9.09 to $10.10.

Hennion & Walsh Asset Management Inc. raised its holdings in shares of Inv Vk Mun Opp (NYSE:VMO - Free Report) by 89.8% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,277,578 shares of the investment management company's stock after acquiring an additional 604,561 shares during the period. Hennion & Walsh Asset Management Inc. owned approximately 1.89% of Inv Vk Mun Opp worth $12,610,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Worth Asset Management LLC bought a new stake in shares of Inv Vk Mun Opp during the second quarter valued at about $127,000. Clark Asset Management LLC bought a new position in Inv Vk Mun Opp in the 2nd quarter valued at about $257,000. NewEdge Advisors LLC grew its position in Inv Vk Mun Opp by 25.1% in the 1st quarter. NewEdge Advisors LLC now owns 126,875 shares of the investment management company's stock valued at $1,207,000 after buying an additional 25,456 shares in the last quarter. Bank of America Corp DE increased its stake in Inv Vk Mun Opp by 32.4% during the 1st quarter. Bank of America Corp DE now owns 42,274 shares of the investment management company's stock valued at $402,000 after buying an additional 10,336 shares during the period. Finally, Royal Bank of Canada increased its stake in Inv Vk Mun Opp by 25.6% during the 1st quarter. Royal Bank of Canada now owns 169,567 shares of the investment management company's stock valued at $1,612,000 after buying an additional 34,600 shares during the period. Institutional investors own 42.57% of the company's stock.

Inv Vk Mun Opp Stock Performance

VMO stock opened at $9.84 on Friday. Inv Vk Mun Opp has a 52 week low of $9.09 and a 52 week high of $10.10. The firm's 50-day moving average is $9.78 and its two-hundred day moving average is $9.74.

Inv Vk Mun Opp Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, August 31st. Stockholders of record on Monday, August 17th will be issued a $0.0625 dividend. The ex-dividend date is Monday, August 17th. This represents a c) annualized dividend and a dividend yield of 7.6%.

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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