Kestra Advisory Services LLC Acquires 63,028 Shares of Inv Vk Mun Opp $VMO

Key Points

• Kestra Advisory Services LLC increased its stake in INV VK MUN OPP (NYSE: VMO) by 25.7% during the first quarter, owning 308,607 shares valued at approximately $2.93 million.
• The fund recently announced a monthly dividend of $0.0625 per share, translating to an 8.1% annualized yield.
• Other institutional investors, including Ameriprise Financial Inc., also significantly increased their stakes, indicating strong institutional interest in the fund.

Kestra Advisory Services LLC increased its position in shares of Inv Vk Mun Opp (NYSE:VMO - Free Report) by 25.7% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 308,607 shares of the investment management company's stock after buying an additional 63,028 shares during the period. Kestra Advisory Services LLC owned 0.46% of Inv Vk Mun Opp worth $2,929,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the company. Raymond James Financial Inc. increased its holdings in Inv Vk Mun Opp by 23.0% during the first quarter. Raymond James Financial Inc. now owns 961,150 shares of the investment management company's stock worth $9,121,000 after buying an additional 179,489 shares during the last quarter. Nuveen LLC bought a new position in Inv Vk Mun Opp during the first quarter worth $309,000. AlphaCore Capital LLC bought a new position in Inv Vk Mun Opp during the first quarter worth $301,000. Planning Alternatives Ltd. ADV boosted its position in Inv Vk Mun Opp by 87.2% during the first quarter. Planning Alternatives Ltd. ADV now owns 73,000 shares of the investment management company's stock worth $693,000 after purchasing an additional 34,000 shares during the period. Finally, Ackerman Capital Advisors LLC bought a new position in Inv Vk Mun Opp during the first quarter worth $97,000. 42.57% of the stock is currently owned by institutional investors and hedge funds.

Inv Vk Mun Opp Trading Down 0.1%

VMO stock traded down $0.01 during midday trading on Monday, reaching $9.23. 353,434 shares of the company were exchanged, compared to its average volume of 234,229. The business has a 50-day moving average price of $9.14 and a two-hundred day moving average price of $9.30. Inv Vk Mun Opp has a one year low of $8.81 and a one year high of $10.39.

Inv Vk Mun Opp Announces Dividend

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

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.