Inv Vk Mun Opp (NYSE:VMO - Get Free Report)'s share price passed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $9.19 and traded as low as $9.13. Inv Vk Mun Opp shares last traded at $9.25, with a volume of 177,423 shares trading hands.
Inv Vk Mun Opp Price Performance
The company has a 50 day simple moving average of $9.19 and a 200 day simple moving average of $9.46.
Inv Vk Mun Opp Announces Dividend
The firm also recently disclosed a monthly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Wednesday, July 16th will be given a $0.0625 dividend. This represents a $0.75 dividend on an annualized basis and a dividend yield of 8.06%. The ex-dividend date of this dividend is Wednesday, July 16th.
Institutional Inflows and Outflows
Several large investors have recently added to or reduced their stakes in VMO. Guggenheim Capital LLC increased its stake in Inv Vk Mun Opp by 24.3% in the 1st quarter. Guggenheim Capital LLC now owns 1,175,072 shares of the investment management company's stock valued at $11,151,000 after buying an additional 229,809 shares during the last quarter. Raymond James Financial Inc. increased its position in shares of Inv Vk Mun Opp by 23.0% in the first quarter. Raymond James Financial Inc. now owns 961,150 shares of the investment management company's stock valued at $9,121,000 after acquiring an additional 179,489 shares during the last quarter. LPL Financial LLC increased its position in shares of Inv Vk Mun Opp by 17.8% in the first quarter. LPL Financial LLC now owns 532,899 shares of the investment management company's stock valued at $5,057,000 after acquiring an additional 80,657 shares during the last quarter. Kestra Advisory Services LLC raised its holdings in Inv Vk Mun Opp by 25.7% during the first quarter. Kestra Advisory Services LLC now owns 308,607 shares of the investment management company's stock worth $2,929,000 after acquiring an additional 63,028 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its position in Inv Vk Mun Opp by 160.3% during the fourth quarter. Ameriprise Financial Inc. now owns 299,320 shares of the investment management company's stock valued at $2,909,000 after purchasing an additional 184,317 shares during the last quarter. Institutional investors and hedge funds own 42.57% of the company's stock.
Inv Vk Mun Opp Company Profile
(
Get Free Report)
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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