Osaic Holdings Inc. Sells 89,200 Shares of Inv Vk Mun Opp $VMO

Osaic Holdings Inc. lessened its position in shares of Inv Vk Mun Opp (NYSE:VMO) by 34.2% in the second quarter, Holdings Channel reports. The fund owned 171,902 shares of the investment management company’s stock after selling 89,200 shares during the quarter. Osaic Holdings Inc.’s holdings in Inv Vk Mun Opp were worth $1,578,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. CBIZ Investment Advisory Services LLC purchased a new stake in shares of Inv Vk Mun Opp during the 1st quarter valued at about $29,000. Geneos Wealth Management Inc. boosted its holdings 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 during the last quarter. Northwestern Mutual Wealth Management Co. grew its position in Inv Vk Mun Opp by 252.9% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 7,661 shares of the investment management company’s stock valued at $70,000 after buying an additional 5,490 shares during the period. Concorde Asset Management LLC purchased a new stake in Inv Vk Mun Opp during the first quarter valued at approximately $95,000. Finally, Jane Street Group LLC bought a new position in Inv Vk Mun Opp in the first quarter worth approximately $156,000. 42.57% of the stock is owned by hedge funds and other institutional investors.

Inv Vk Mun Opp Trading Up 0.3%

Shares of Inv Vk Mun Opp stock opened at $9.60 on Wednesday. Inv Vk Mun Opp has a 1-year low of $8.81 and a 1-year high of $9.94. The company’s fifty day simple moving average is $9.62 and its 200-day simple moving average is $9.41.

Inv Vk Mun Opp Announces Dividend

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

Inv Vk Mun Opp Profile

Inv Vk Mun Opp (NYSE: VMO), known as the Invesco Municipal Opportunity Trust, is a closed-end management investment company that seeks to provide current income exempt from regular federal income tax, along with the potential for capital appreciation. The fund primarily invests in a diversified portfolio of municipal securities issued by U.S. states, cities and local governments. Its investment strategy emphasizes selecting undervalued bonds that offer attractive tax-exempt yields, while maintaining a focus on credit quality and liquidity.

The portfolio manager employs both fundamental credit analysis and relative-value techniques to identify investment opportunities across various sectors of the municipal bond market.