32,559 Shares in INV VK MUN OPP $VMO Bought by Nuveen LLC

Key Points

• Nuveen LLC has taken a new position in INV VK MUN OPP (NYSE: VMO), acquiring 32,559 shares valued at approximately $309,000 during Q1.
• Several institutional investors have increased their stakes in INV VK MUN OPP, with Ameriprise Financial Inc. raising its holding by 160.3% in Q4, leading to ownership of 299,320 shares valued at $2.9 million.
• INV VK MUN OPP announced a monthly dividend of $0.0625 per share, providing a yield of 8.1%, with payment scheduled for September 30th.

Nuveen LLC bought a new position in shares of INV VK MUN OPP (NYSE:VMO - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 32,559 shares of the investment management company's stock, valued at approximately $309,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. US Bancorp DE boosted its holdings in shares of INV VK MUN OPP by 413.3% in the 1st quarter. US Bancorp DE now owns 2,700 shares of the investment management company's stock valued at $26,000 after buying an additional 2,174 shares in the last quarter. CBIZ Investment Advisory Services LLC purchased a new position in INV VK MUN OPP in the 1st quarter valued at about $29,000. Ackerman Capital Advisors LLC purchased a new position in INV VK MUN OPP during the first quarter worth approximately $97,000. Formidable Asset Management LLC purchased a new position in INV VK MUN OPP in the first quarter valued at approximately $179,000. Finally, Nomura Holdings Inc. acquired a new stake in INV VK MUN OPP in the fourth quarter valued at approximately $202,000. 42.57% of the stock is owned by institutional investors and hedge funds.

INV VK MUN OPP Stock Performance

INV VK MUN OPP stock traded up $0.07 during mid-day trading on Wednesday, reaching $9.45. The company's stock had a trading volume of 308,646 shares, compared to its average volume of 259,472. INV VK MUN OPP has a twelve month low of $8.81 and a twelve month high of $10.39. The business has a 50 day moving average price of $9.16 and a 200-day moving average price of $9.27.

INV VK MUN OPP Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 16th will be issued a $0.0625 dividend. This represents a c) dividend on an annualized basis and a yield of 7.9%. The ex-dividend date of this dividend is Tuesday, September 16th.

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.