Nuveen LLC Takes Position in INV VK MUN OPP $VMO

Nuveen LLC bought a new stake in shares of INV VK MUN OPP (NYSE:VMO) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund bought 32,559 shares of the investment management company’s stock, valued at approximately $309,000.

Several other large investors also recently added to or reduced their stakes in VMO. Ameriprise Financial Inc. raised its stake in INV VK MUN OPP by 160.3% during the 4th quarter. Ameriprise Financial Inc. now owns 299,320 shares of the investment management company’s stock valued at $2,909,000 after purchasing an additional 184,317 shares during the period. LPL Financial LLC raised its stake in INV VK MUN OPP by 17.8% during the 1st quarter. LPL Financial LLC now owns 532,899 shares of the investment management company’s stock valued at $5,057,000 after purchasing an additional 80,657 shares during the period. Planning Alternatives Ltd. ADV raised its stake in INV VK MUN OPP by 87.2% during the 1st quarter. Planning Alternatives Ltd. ADV now owns 73,000 shares of the investment management company’s stock valued at $693,000 after purchasing an additional 34,000 shares during the period. AlphaCore Capital LLC acquired a new stake in INV VK MUN OPP during the 1st quarter valued at $301,000. Finally, Readystate Asset Management LP acquired a new stake in INV VK MUN OPP during the 1st quarter valued at $282,000. 42.57% of the stock is owned by institutional investors and hedge funds.

INV VK MUN OPP Price Performance

Shares of NYSE:VMO opened at $9.22 on Friday. The company’s fifty day moving average is $9.16 and its two-hundred day moving average is $9.28. INV VK MUN OPP has a 12-month low of $8.81 and a 12-month high of $10.39.

INV VK MUN OPP Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 16th will be paid a dividend of $0.0625 per share. This represents a c) annualized dividend and a yield of 8.1%. The ex-dividend date of this dividend is Tuesday, September 16th.

INV VK MUN OPP Company Profile

Invesco Municipal Opportunity Trust is a closed ended fixed income mutual fund launched by Invesco Ltd. The fund is co-managed by Invesco Advisers, Inc, INVESCO Asset Management (Japan) Limited, INVESCO Asset Management Deutschland GmbH, INVESCO Asset Management Limited, Invesco Canada Ltd., Invesco Hong Kong Limited, and INVESCO Senior Secured Management, Inc It invests in the fixed income markets of the United States.