Inv Vk Mun Opp (NYSE:VMO) Sets New 52-Week High – Here’s Why

Inv Vk Mun Opp (NYSE:VMO) reached a new 52-week high on Thursday . The company traded as high as $10.10 and last traded at $9.9960, with a volume of 194145 shares traded. The stock had previously closed at $10.02.

Inv Vk Mun Opp Trading Down 0.2%

The business has a 50-day moving average of $9.74 and a 200-day moving average of $9.60.

Inv Vk Mun Opp Dividend Announcement

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

Hedge Funds Weigh In On Inv Vk Mun Opp

Several hedge funds and other institutional investors have recently added to or reduced their stakes in VMO. Royal Bank of Canada lifted its stake in Inv Vk Mun Opp by 16.9% in the first quarter. Royal Bank of Canada now owns 44,400 shares of the investment management company’s stock valued at $421,000 after acquiring an additional 6,422 shares during the last quarter. NewEdge Advisors LLC raised its holdings in shares of Inv Vk Mun Opp by 7.4% during the 1st quarter. NewEdge Advisors LLC now owns 57,365 shares of the investment management company’s stock valued at $544,000 after purchasing an additional 3,937 shares in the last quarter. Jane Street Group LLC acquired a new stake in shares of Inv Vk Mun Opp in the 1st quarter valued at $156,000. Live Oak Private Wealth LLC lifted its stake in shares of Inv Vk Mun Opp by 43.3% in the 2nd quarter. Live Oak Private Wealth LLC now owns 43,000 shares of the investment management company’s stock valued at $395,000 after purchasing an additional 13,000 shares during the last quarter. Finally, Bank of Montreal Can boosted its holdings in Inv Vk Mun Opp by 3.0% in the second quarter. Bank of Montreal Can now owns 41,245 shares of the investment management company’s stock worth $379,000 after purchasing an additional 1,190 shares in the last quarter. Institutional investors own 42.57% of the company’s stock.

Inv Vk Mun Opp Company 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.