Inv Vk Mun Opp (NYSE:VMO) Plans $0.06 Monthly Dividend

Key Points

• Invesco Municipal Opportunity Trust (NYSE:VMO) announced a monthly dividend of $0.0625 per share, with the ex-dividend date set for August 18th.
• The dividend represents an annualized yield of 8.2% for shareholders.
• Several hedge funds have increased their holdings in Inv Vk Mun Opp, with institutional investors owning over 42% of the stock.

Inv Vk Mun Opp (NYSE:VMO - Get Free Report) declared a monthly dividend on Monday, August 4th, Wall Street Journal reports. Stockholders of record on Monday, August 18th will be given a dividend of 0.0625 per share by the investment management company on Friday, August 29th. This represents a c) dividend on an annualized basis and a dividend yield of 8.2%. The ex-dividend date is Monday, August 18th.

Inv Vk Mun Opp Price Performance

Shares of NYSE:VMO traded up $0.03 during midday trading on Monday, reaching $9.17. 223,700 shares of the company's stock were exchanged, compared to its average volume of 251,727. The company's 50 day simple moving average is $9.10 and its two-hundred day simple moving average is $9.37. Inv Vk Mun Opp has a 12 month low of $8.81 and a 12 month high of $10.39.

Hedge Funds Weigh In On Inv Vk Mun Opp

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Live Oak Private Wealth LLC lifted its holdings in shares of Inv Vk Mun Opp by 43.3% during the 2nd quarter. Live Oak Private Wealth LLC now owns 43,000 shares of the investment management company's stock worth $395,000 after acquiring an additional 13,000 shares during the period. Burford Brothers Inc. bought a new position in Inv Vk Mun Opp during the 2nd quarter valued at about $263,000. Ackerman Capital Advisors LLC lifted its holdings in Inv Vk Mun Opp by 173.4% during the 2nd quarter. Ackerman Capital Advisors LLC now owns 27,917 shares of the investment management company's stock valued at $256,000 after purchasing an additional 17,706 shares during the last quarter. Mackay Shields LLC lifted its holdings in Inv Vk Mun Opp by 48.1% during the 2nd quarter. Mackay Shields LLC now owns 307,705 shares of the investment management company's stock valued at $2,825,000 after purchasing an additional 100,000 shares during the last quarter. Finally, Riverbridge Partners LLC lifted its holdings in Inv Vk Mun Opp by 5.3% during the 2nd quarter. Riverbridge Partners LLC now owns 26,289 shares of the investment management company's stock valued at $241,000 after purchasing an additional 1,323 shares during the last quarter. 42.57% of the stock is owned by institutional investors.

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.

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