Robinson Capital Management LLC Decreases Holdings in Inv Vk Mun Opp $VMO

Key Points

• Robinson Capital Management cut its VMO position by 89.9% in the second quarter, selling 682,306 shares and retaining 76,465 shares valued at approximately $755,000.
• Other institutional investors increased or initiated positions in VMO, while hedge funds and institutions collectively held 42.57% of the company’s stock.
• VMO shares opened at $9.41, near the lower end of their 52-week range, and the fund announced a $0.0625 monthly dividend, representing an annualized yield of about 8.0%.

Robinson Capital Management LLC decreased its position in Inv Vk Mun Opp (NYSE:VMO - Free Report) by 89.9% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 76,465 shares of the investment management company's stock after selling 682,306 shares during the quarter. Robinson Capital Management LLC owned 0.11% of Inv Vk Mun Opp worth $755,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of VMO. Garton & Associates Financial Advisors LLC purchased a new position in shares of Inv Vk Mun Opp during the fourth quarter worth approximately $33,000. Geneos Wealth Management Inc. boosted its stake in shares of Inv Vk Mun Opp by 1,328.5% in the 2nd quarter. Geneos Wealth Management Inc. now owns 4,214 shares of the investment management company's stock valued at $39,000 after purchasing an additional 3,919 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Inv Vk Mun Opp by 252.9% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 7,661 shares of the investment management company's stock valued at $70,000 after purchasing an additional 5,490 shares in the last quarter. Global Retirement Partners LLC grew its holdings in shares of Inv Vk Mun Opp by 1,039.1% during the 4th quarter. Global Retirement Partners LLC now owns 8,737 shares of the investment management company's stock valued at $84,000 after purchasing an additional 7,970 shares during the last quarter. Finally, Virtu Financial LLC bought a new position in shares of Inv Vk Mun Opp during the 4th quarter valued at $97,000. Hedge funds and other institutional investors own 42.57% of the company's stock.

Inv Vk Mun Opp Trading Down 1.1%

Shares of NYSE:VMO opened at $9.41 on Thursday. The company's fifty day moving average is $9.72 and its 200 day moving average is $9.72. Inv Vk Mun Opp has a 52 week low of $9.22 and a 52 week high of $10.10.

Inv Vk Mun Opp Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Wednesday, September 30th. Investors of record on Monday, September 14th will be issued a dividend of $0.0625 per share. The ex-dividend date is Monday, September 14th. This represents a c) annualized dividend and a yield of 8.0%.

About Inv Vk Mun Opp

Inv Vk Mun Opp NYSE: VMO, known as the Invesco Municipal Opportunity Trust, is a closed-end management investment company that seeks to provide current income exempt from regular federal income tax, along with the potential for capital appreciation. The fund primarily invests in a diversified portfolio of municipal securities issued by U.S. states, cities and local governments. Its investment strategy emphasizes selecting undervalued bonds that offer attractive tax-exempt yields, while maintaining a focus on credit quality and liquidity.

The portfolio manager employs both fundamental credit analysis and relative-value techniques to identify investment opportunities across various sectors of the municipal bond market.

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