Inv Vk Mun Opp (NYSE:VMO) Reaches New 52-Week High - Here's What Happened

Key Points

• Invesco Municipal Opportunity Trust (NYSE: VMO) reached a new 52-week high at $10.41, closing the trading session at $9.66.
• The company declared a monthly dividend of $0.0625 per share, with an annualized yield of 7.8% set to be paid on October 31.
• Institutional investments in VMO have seen notable increases, with significant stake boosts from firms like Bank of Montreal and US Bancorp in recent quarters.

Inv Vk Mun Opp (NYSE:VMO - )'s stock price hit a new 52-week high during trading on Friday . The company traded as high as $10.41 and last traded at $9.66, with a volume of 200 shares. The stock had previously closed at $9.68.

Inv Vk Mun Opp Trading Down 0.6%

The business's fifty day moving average price is $9.31 and its two-hundred day moving average price is $9.25.

Inv Vk Mun Opp Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, October 31st. Investors of record on Thursday, October 16th will be paid a dividend of $0.0625 per share. This represents a c) annualized dividend and a yield of 7.8%. The ex-dividend date is Thursday, October 16th.

Institutional Investors Weigh In On Inv Vk Mun Opp

Institutional investors have recently bought and sold shares of the stock. Bank of Montreal Can boosted its stake in Inv Vk Mun Opp by 3.0% in the second quarter. Bank of Montreal Can now owns 41,245 shares of the investment management company's stock valued at $379,000 after buying an additional 1,190 shares in the last quarter. Wakefield Asset Management LLLP increased its stake in Inv Vk Mun Opp by 0.7% in the 1st 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 during the last quarter. Riverbridge Partners LLC increased its position in shares of 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. US Bancorp DE lifted its stake in shares of Inv Vk Mun Opp by 413.3% in the 1st quarter. US Bancorp DE now owns 2,700 shares of the investment management company's stock valued at $26,000 after purchasing an additional 2,174 shares during the period. Finally, Mackay Shields LLC raised its stake in Inv Vk Mun Opp by 1.2% during the first quarter. Mackay Shields LLC now owns 207,705 shares of the investment management company's stock valued at $1,971,000 after buying an additional 2,367 shares during the last quarter. 42.57% of the stock is currently owned by hedge funds and other 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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