Inv Vk Mun Opp (NYSE:VMO) Hits New 52-Week High – Time to Buy?

Inv Vk Mun Opp (NYSE:VMO)’s stock price reached a new 52-week high on Friday . The company traded as high as $9.99 and last traded at $9.9650, with a volume of 78410 shares. The stock had previously closed at $9.94.

Inv Vk Mun Opp Stock Up 0.3%

The stock’s fifty day moving average price is $9.72 and its 200-day moving average price is $9.59.

Inv Vk Mun Opp Dividend Announcement

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

Hedge Funds Weigh In On Inv Vk Mun Opp

Hedge funds have recently modified their holdings of the stock. Gridiron Partners LLC increased its stake in shares of Inv Vk Mun Opp by 1,558.1% during the 3rd quarter. Gridiron Partners LLC now owns 1,502,830 shares of the investment management company’s stock worth $145,000 after purchasing an additional 1,412,192 shares during the last quarter. Ameriprise Financial Inc. lifted its stake in Inv Vk Mun Opp by 121.2% in the 2nd quarter. Ameriprise Financial Inc. now owns 747,429 shares of the investment management company’s stock valued at $6,853,000 after purchasing an additional 409,601 shares during the last quarter. Rivernorth Capital Management LLC lifted its stake in Inv Vk Mun Opp by 9.1% in the 4th quarter. Rivernorth Capital Management LLC now owns 4,042,713 shares of the investment management company’s stock valued at $38,689,000 after purchasing an additional 335,856 shares during the last quarter. Guggenheim Capital LLC grew its holdings in Inv Vk Mun Opp by 23.9% during the second quarter. Guggenheim Capital LLC now owns 1,456,238 shares of the investment management company’s stock worth $13,368,000 after purchasing an additional 281,166 shares during the period. Finally, Advisors Asset Management Inc. increased its position in Inv Vk Mun Opp by 42.8% during the fourth quarter. Advisors Asset Management Inc. now owns 637,733 shares of the investment management company’s stock worth $6,103,000 after buying an additional 191,246 shares during the last quarter. Institutional investors own 42.57% of the company’s stock.

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.