Inv Vk Mun Opp (NYSE:VMO – Get Free Report) Portfolio Manager Rebecca Setcavage acquired 3,000 shares of the stock in a transaction on Tuesday, October 13th. The stock was bought at an average price of $8.64 per share, for a total transaction of $25,920.00. Following the transaction, the portfolio manager owned 3,000 shares in the company, valued at approximately $25,920. This represents a ∞ increase in their position. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink.
Inv Vk Mun Opp Price Performance
Shares of NYSE VMO traded up $0.13 during midday trading on Thursday, reaching $8.70. 94,717 shares of the stock were exchanged, compared to its average volume of 262,581. The firm has a 50-day simple moving average of $9.23 and a two-hundred day simple moving average of $9.54. Inv Vk Mun Opp has a twelve month low of $8.12 and a twelve month high of $10.10.
Inv Vk Mun Opp Increases Dividend
The company also recently disclosed a monthly dividend, which will be paid on Friday, October 30th. Shareholders of record on Wednesday, October 14th will be issued a $0.0625 dividend. The ex-dividend date of this dividend is Wednesday, October 14th. This is a positive change from Inv Vk Mun Opp’s previous monthly dividend of $0.0625. This represents a $0.75 dividend on an annualized basis and a yield of 8.6%.
Institutional Investors Weigh In On Inv Vk Mun Opp
Several hedge funds have recently modified their holdings of the company. Global Retirement Partners LLC purchased a new position in Inv Vk Mun Opp during the second quarter worth approximately $93,000. Worth Asset Management LLC purchased a new stake in Inv Vk Mun Opp in the 2nd quarter worth $127,000. Susquehanna International Group LLP purchased a new stake in Inv Vk Mun Opp in the 2nd quarter worth $135,000. Envestnet Asset Management Inc. acquired a new position in Inv Vk Mun Opp during the second quarter worth $147,000. Finally, Baird Financial Group Inc. acquired a new position in Inv Vk Mun Opp during the second quarter worth $244,000. 42.57% of the stock is owned by hedge funds and other institutional investors.
About Inv Vk Mun Opp
Invesco Municipal Opportunity Trust (NYSE: VMO) is a closed-end management investment company that seeks to provide current income exempt from regular federal income tax. The fund primarily invests in a portfolio of municipal securities issued by states, cities, counties, public authorities and other governmental entities in the United States.
The trust may invest in a range of tax-exempt securities, including general obligation and revenue bonds. Revenue bonds are typically backed by income from projects or services such as transportation systems, utilities, hospitals, housing programs and educational facilities.
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