Nuveen LLC Purchases New Position in INV VK MUN OPP $VMO

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 stake in shares of INV VK MUN OPP (NYSE:VMO - Free Report) in the first 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.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. LPL Financial LLC increased its stake in shares of INV VK MUN OPP by 17.8% during the first quarter. LPL Financial LLC now owns 532,899 shares of the investment management company's stock valued at $5,057,000 after purchasing an additional 80,657 shares in the last quarter. Ameriprise Financial Inc. increased its position in shares of INV VK MUN OPP by 160.3% during the fourth 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 in the last quarter. Mackay Shields LLC increased its position in shares of INV VK MUN OPP by 1.2% during the first quarter. Mackay Shields LLC now owns 207,705 shares of the investment management company's stock valued at $1,971,000 after acquiring an additional 2,367 shares in the last quarter. Wakefield Asset Management LLLP increased its position in shares of INV VK MUN OPP by 0.7% during the first quarter. Wakefield Asset Management LLLP now owns 187,884 shares of the investment management company's stock valued at $1,783,000 after acquiring an additional 1,309 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. increased its position in shares of INV VK MUN OPP by 10.7% during the first 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 in the last quarter. Institutional investors own 42.57% of the company's stock.

INV VK MUN OPP Price Performance

Shares of VMO traded up $0.05 on Thursday, hitting $9.50. 431,102 shares of the stock traded hands, compared to its average volume of 340,817. The business has a 50 day simple moving average of $9.17 and a 200 day simple moving average of $9.27. INV VK MUN OPP has a one year low of $8.81 and a one year high of $10.39.

INV VK MUN OPP Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Tuesday, September 30th. Investors of record on Tuesday, September 16th will be given a dividend of $0.0625 per share. The ex-dividend date of this dividend is Tuesday, September 16th. This represents a c) annualized dividend and a dividend yield of 7.9%.

About INV VK MUN OPP

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.