Inv Vk Mun Opp (NYSE:VMO) Sets New 12-Month High – Still a Buy?

Inv Vk Mun Opp (NYSE:VMO) shares hit a new 52-week high during trading on Tuesday . The stock traded as high as $9.95 and last traded at $9.9350, with a volume of 34419 shares changing hands. The stock had previously closed at $9.89.

Inv Vk Mun Opp Price Performance

The stock has a 50-day moving average of $9.66 and a 200 day moving average of $9.53.

Inv Vk Mun Opp Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, February 27th. Shareholders of record on Tuesday, February 17th will be paid a dividend of $0.0625 per share. This represents a c) annualized dividend and a yield of 7.5%. The ex-dividend date is Tuesday, February 17th.

Institutional Trading of Inv Vk Mun Opp

Large investors have recently added to or reduced their stakes in the stock. Geneos Wealth Management Inc. boosted its position in shares of Inv Vk Mun Opp by 1,328.5% during 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 period. Northwestern Mutual Wealth Management Co. raised its stake in shares of 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 worth $70,000 after purchasing an additional 5,490 shares during the last quarter. Global Retirement Partners LLC lifted its stake in shares of Inv Vk Mun Opp by 1,039.1% in the 4th quarter. Global Retirement Partners LLC now owns 8,737 shares of the investment management company’s stock worth $84,000 after acquiring an additional 7,970 shares during the period. Merit Financial Group LLC purchased a new position in shares of Inv Vk Mun Opp during the 4th quarter worth approximately $96,000. Finally, Benjamin Edwards Inc. acquired a new position in shares of Inv Vk Mun Opp during the 4th quarter worth $103,000. 42.57% of the stock is currently owned by hedge funds and other institutional investors.

About Inv Vk Mun Opp

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.