INV VK MUN OPP $VMO Shares Purchased 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. grew its position in INV VK MUN OPP (NYSE:VMO - Free Report) by 23.0% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 961,150 shares of the investment management company's stock after acquiring an additional 179,489 shares during the quarter. Raymond James Financial Inc. owned about 1.43% of INV VK MUN OPP worth $9,121,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the company. LPL Financial LLC raised 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 worth $5,057,000 after purchasing an additional 80,657 shares during the last quarter. Ameriprise Financial Inc. raised its position in INV VK MUN OPP by 160.3% in the fourth quarter. Ameriprise Financial Inc. now owns 299,320 shares of the investment management company's stock worth $2,909,000 after acquiring an additional 184,317 shares in the last quarter. Mackay Shields LLC raised its position in INV VK MUN OPP by 1.2% in the first quarter. Mackay Shields LLC now owns 207,705 shares of the investment management company's stock worth $1,971,000 after acquiring an additional 2,367 shares in the last quarter. Stifel Financial Corp raised its position in INV VK MUN OPP by 72.3% in the fourth quarter. Stifel Financial Corp now owns 201,656 shares of the investment management company's stock worth $1,960,000 after acquiring an additional 84,593 shares in the last quarter. Finally, Wakefield Asset Management LLLP raised its position in INV VK MUN OPP by 0.7% in the first quarter. Wakefield Asset Management LLLP now owns 187,884 shares of the investment management company's stock worth $1,783,000 after acquiring an additional 1,309 shares in the last quarter. 42.57% of the stock is owned by institutional investors and hedge funds.

INV VK MUN OPP Trading Up 0.7%

NYSE:VMO traded up $0.06 during trading hours on Friday, hitting $9.22. The company's stock had a trading volume of 782,275 shares, compared to its average volume of 268,572. The business's 50-day moving average is $9.16 and its two-hundred day moving average is $9.28. INV VK MUN OPP has a 52-week low of $8.81 and a 52-week 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. Stockholders of record on Tuesday, September 16th will be given a $0.0625 dividend. The ex-dividend date is Tuesday, September 16th. This represents a c) dividend on an annualized basis and a dividend yield of 8.1%.

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.