Kestra Advisory Services LLC Increases Position in 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 INV VK MUN OPP (NYSE:VMO - Free Report) by 25.7% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 308,607 shares of the investment management company's stock after purchasing an additional 63,028 shares during the period. Kestra Advisory Services LLC owned approximately 0.46% of INV VK MUN OPP worth $2,929,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of VMO. Ameriprise Financial Inc. boosted its holdings in shares of INV VK MUN OPP by 160.3% during the 4th quarter. Ameriprise Financial Inc. now owns 299,320 shares of the investment management company's stock valued at $2,909,000 after acquiring an additional 184,317 shares during the last quarter. Janney Montgomery Scott LLC lifted its position in shares of 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 in the last quarter. Cambridge Investment Research Advisors Inc. grew its stake in shares of 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 acquiring an additional 12,459 shares during the period. Nuveen Asset Management LLC boosted its position in shares of INV VK MUN OPP by 12.4% in the fourth quarter. Nuveen Asset Management LLC now owns 77,986 shares of the investment management company's stock worth $758,000 after purchasing an additional 8,600 shares during the period. Finally, PNC Financial Services Group Inc. boosted its holdings in INV VK MUN OPP by 65.6% in the 1st quarter. PNC Financial Services Group Inc. now owns 71,092 shares of the investment management company's stock worth $675,000 after buying an additional 28,168 shares during the period. Institutional investors own 42.57% of the company's stock.

INV VK MUN OPP Stock Performance

Shares of NYSE:VMO traded down $0.05 during trading on Tuesday, hitting $9.18. 282,528 shares of the company's stock were exchanged, compared to its average volume of 223,044. INV VK MUN OPP has a 52-week low of $8.81 and a 52-week high of $10.39. The business's 50-day simple moving average is $9.15 and its 200 day simple moving average is $9.29.

INV VK MUN OPP Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Friday, August 29th. Investors of record on Monday, August 18th were issued a $0.0625 dividend. The ex-dividend date of this dividend was Monday, August 18th. This represents a c) dividend on an annualized basis and a dividend yield of 8.2%.

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.