INV VK MUN OPP $VMO Holdings Lifted by Raymond James Financial Inc.

Key Points

• Raymond James Financial Inc. has increased its holdings in INV VK MUN OPP by 23.0%, owning 961,150 shares worth approximately $9.12 million.
• The stock currently has a dividend yield of 8.1%, with a recent monthly dividend of $0.0625 declared.
• INV VK MUN OPP's shares opened at $9.23, with a one-year price range between $8.81 and $10.39.

Raymond James Financial Inc. boosted its stake in INV VK MUN OPP (NYSE:VMO - Free Report) by 23.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 961,150 shares of the investment management company's stock after buying an additional 179,489 shares during the period. Raymond James Financial Inc. owned 1.43% of INV VK MUN OPP worth $9,121,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the stock. Nuveen LLC acquired a new stake in INV VK MUN OPP in the first quarter worth $309,000. AlphaCore Capital LLC acquired a new stake in INV VK MUN OPP in the first quarter worth $301,000. Planning Alternatives Ltd. ADV increased its position in INV VK MUN OPP by 87.2% in the first quarter. Planning Alternatives Ltd. ADV now owns 73,000 shares of the investment management company's stock worth $693,000 after buying an additional 34,000 shares during the period. Ackerman Capital Advisors LLC acquired a new stake in INV VK MUN OPP in the first quarter worth $97,000. Finally, PNC Financial Services Group Inc. increased its position in INV VK MUN OPP by 65.6% in the first 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. 42.57% of the stock is owned by institutional investors and hedge funds.

INV VK MUN OPP Price Performance

NYSE VMO traded down $0.05 during trading hours on Tuesday, hitting $9.18. The company had a trading volume of 282,528 shares, compared to its average volume of 223,044. INV VK MUN OPP has a fifty-two week low of $8.81 and a fifty-two week high of $10.39. The business has a fifty day simple moving average of $9.15 and a 200-day simple moving average of $9.29.

INV VK MUN OPP Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, August 29th. Stockholders of record on Monday, August 18th were issued a dividend of $0.0625 per share. This represents a c) dividend on an annualized basis and a dividend yield of 8.2%. 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.