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

Key Points

• Invesco Municipal Opportunity Trust (NYSE:VMO) declared a monthly dividend of $0.0625 per share to be distributed on October 31st, with an annualized yield of 7.8%.
• The stock has experienced a slight decline, trading at $9.67, while institutional investors hold 42.57% of its shares, indicating significant interest from large investors.
• Recent activity includes US Bancorp DE increasing its holdings by over 400% and several other investment firms making notable acquisitions or increases to their positions in VMO.

Inv Vk Mun Opp (NYSE:VMO - Get Free Report) declared a monthly dividend on Wednesday, October 1st. Stockholders of record on Thursday, October 16th will be given a dividend of 0.0625 per share by the investment management company on Friday, October 31st. This represents a c) dividend on an annualized basis and a dividend yield of 7.8%. The ex-dividend date of this dividend is Thursday, October 16th.

Inv Vk Mun Opp Price Performance

Shares of Inv Vk Mun Opp stock traded down $0.02 during trading hours on Thursday, reaching $9.67. The company had a trading volume of 107,039 shares, compared to its average volume of 260,753. Inv Vk Mun Opp has a one year low of $8.81 and a one year high of $10.33. The business has a fifty day simple moving average of $9.29 and a 200 day simple moving average of $9.25.

Hedge Funds Weigh In On Inv Vk Mun Opp

A number of large investors have recently made changes to their positions in VMO. US Bancorp DE boosted its holdings in shares of Inv Vk Mun Opp by 413.3% in the first quarter. US Bancorp DE now owns 2,700 shares of the investment management company's stock worth $26,000 after acquiring an additional 2,174 shares during the period. CBIZ Investment Advisory Services LLC purchased a new stake in shares of Inv Vk Mun Opp in the first quarter worth $29,000. Geneos Wealth Management Inc. raised its position in shares of Inv Vk Mun Opp by 1,328.5% in the second quarter. Geneos Wealth Management Inc. now owns 4,214 shares of the investment management company's stock worth $39,000 after buying an additional 3,919 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its position in shares of Inv Vk Mun Opp by 252.9% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 7,661 shares of the investment management company's stock worth $70,000 after buying an additional 5,490 shares in the last quarter. Finally, Concorde Asset Management LLC purchased a new stake in shares of Inv Vk Mun Opp in the first quarter worth $95,000. 42.57% of the stock is owned by institutional investors.

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.

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