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

Key Points

• Invesco Municipal Opportunity Trust (NYSE:VMO) has announced a monthly dividend of $0.0625 per share, which translates to an annualized yield of 8.2%.
• The ex-dividend date is scheduled for September 16th, with payments made to shareholders on September 30th.
• Institutional investors collectively own 42.57% of VMO, with significant recent activity including a 413.3% increase in U.S. Bancorp's stake during the 1st quarter.

Inv Vk Mun Opp (NYSE:VMO - Get Free Report) announced a monthly dividend on Wednesday, September 3rd, Wall Street Journal reports. Shareholders of record on Tuesday, September 16th will be paid a dividend of 0.0625 per share by the investment management company on Tuesday, September 30th. This represents a c) annualized dividend and a yield of 8.2%. The ex-dividend date of this dividend is Tuesday, September 16th.

Inv Vk Mun Opp Price Performance

Shares of VMO stock traded down $0.01 during trading hours on Wednesday, reaching $9.17. The company had a trading volume of 401,462 shares, compared to its average volume of 250,716. Inv Vk Mun Opp has a twelve month low of $8.81 and a twelve month high of $10.39. The stock's fifty day simple moving average is $9.15 and its 200 day simple moving average is $9.29.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of VMO. Bank of Montreal Can increased its position in Inv Vk Mun Opp by 3.0% during the second quarter. Bank of Montreal Can now owns 41,245 shares of the investment management company's stock worth $379,000 after buying an additional 1,190 shares during the last quarter. Wakefield Asset Management LLLP boosted its stake in shares of 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 valued at $1,783,000 after purchasing an additional 1,309 shares during the last quarter. Riverbridge Partners LLC raised its position in shares of Inv Vk Mun Opp by 5.3% in the 2nd quarter. Riverbridge Partners LLC now owns 26,289 shares of the investment management company's stock valued at $241,000 after acquiring an additional 1,323 shares during the period. US Bancorp DE increased its stake in Inv Vk Mun Opp by 413.3% during the 1st quarter. US Bancorp DE now owns 2,700 shares of the investment management company's stock worth $26,000 after purchasing an additional 2,174 shares in the last quarter. Finally, Mackay Shields LLC boosted its holdings in shares of Inv Vk Mun Opp by 1.2% in the 1st 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. Institutional investors own 42.57% of the company's stock.

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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