Inv Vk Mun Opp $VMO Shares Bought by Hennion & Walsh Asset Management Inc.

Hennion & Walsh Asset Management Inc. lifted its position in Inv Vk Mun Opp (NYSE:VMO) by 89.8% during the second quarter, Holdings Channel reports. The institutional investor owned 1,277,578 shares of the investment management company’s stock after buying an additional 604,561 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in Inv Vk Mun Opp were worth $12,610,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of VMO. Garton & Associates Financial Advisors LLC bought a new position in Inv Vk Mun Opp during the fourth quarter valued at about $33,000. Geneos Wealth Management Inc. grew its holdings in Inv Vk Mun Opp by 1,328.5% during the second quarter. Geneos Wealth Management Inc. now owns 4,214 shares of the investment management company’s stock worth $39,000 after acquiring an additional 3,919 shares during the period. Northwestern Mutual Wealth Management Co. raised its position in Inv Vk Mun Opp by 252.9% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 7,661 shares of the investment management company’s stock worth $70,000 after acquiring an additional 5,490 shares in the last quarter. Global Retirement Partners LLC lifted its holdings in 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 valued at $84,000 after acquiring an additional 7,970 shares during the last quarter. Finally, Merit Financial Group LLC bought a new position in shares of Inv Vk Mun Opp during the 4th quarter valued at about $96,000. Institutional investors and hedge funds own 42.57% of the company’s stock.

Inv Vk Mun Opp Stock Performance

NYSE:VMO opened at $9.84 on Friday. The company has a 50-day moving average of $9.78 and a 200-day moving average of $9.74. Inv Vk Mun Opp has a twelve month low of $9.09 and a twelve month high of $10.10.

Inv Vk Mun Opp Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, August 31st. Investors of record on Monday, August 17th will be paid a dividend of $0.0625 per share. The ex-dividend date of this dividend is Monday, August 17th. This represents a c) annualized dividend and a yield of 7.6%.

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.