Inv Vk Mun Opp (NYSE:VMO) Share Price Crosses Above Fifty Day Moving Average - Here's Why

Key Points

• Inv Vk Mun Opp (NYSE:VMO) recently crossed above its fifty-day moving average of $9.32, trading at $9.59 with a high of $9.66 and a volume of 279,513 shares.
• The company declared a monthly dividend of $0.0625, set to be paid on October 31st, offering an annualized yield of 7.8% for shareholders of record by October 16th.
• Significant institutional trading activity includes Geneos Wealth Management increasing its position by 1,328.5%, while institutional investors now own 42.57% of the total shares.

Inv Vk Mun Opp (NYSE:VMO - ) passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $9.32 and traded as high as $9.66. Inv Vk Mun Opp shares last traded at $9.59, with a volume of 279,513 shares traded.

Inv Vk Mun Opp Stock Down 1.0%

The firm's 50-day simple moving average is $9.32 and its 200-day simple moving average 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. Shareholders of record on Thursday, October 16th will be given a $0.0625 dividend. This represents a c) annualized dividend and a yield of 7.8%. The ex-dividend date is Thursday, October 16th.

Institutional Trading of Inv Vk Mun Opp

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Geneos Wealth Management Inc. grew its position in 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 worth $39,000 after purchasing an additional 3,919 shares during the last quarter. Balyasny Asset Management L.P. acquired a new stake in Inv Vk Mun Opp in the 2nd quarter worth $544,000. Bank of America Corp DE grew its position in Inv Vk Mun Opp by 15.3% in the 2nd quarter. Bank of America Corp DE now owns 36,784 shares of the investment management company's stock worth $338,000 after purchasing an additional 4,878 shares during the last quarter. Ameriprise Financial Inc. grew its position in Inv Vk Mun Opp by 121.2% in the 2nd quarter. Ameriprise Financial Inc. now owns 747,429 shares of the investment management company's stock worth $6,853,000 after purchasing an additional 409,601 shares during the last quarter. Finally, Jane Street Group LLC grew its position in Inv Vk Mun Opp by 338.8% in the 2nd quarter. Jane Street Group LLC now owns 72,026 shares of the investment management company's stock worth $661,000 after purchasing an additional 55,610 shares during the last quarter. 42.57% of the stock is currently owned by institutional investors and hedge funds.

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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