Advisors Asset Management Inc. Purchases 120,669 Shares of Inv Vk Mun Opp $VMO

Advisors Asset Management Inc. increased its position in Inv Vk Mun Opp (NYSE:VMO) by 37.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 446,487 shares of the investment management company’s stock after buying an additional 120,669 shares during the period. Advisors Asset Management Inc. owned 0.66% of Inv Vk Mun Opp worth $4,318,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Gridiron Partners LLC increased its stake in Inv Vk Mun Opp by 1,558.1% in the 3rd quarter. Gridiron Partners LLC now owns 1,502,830 shares of the investment management company’s stock worth $145,000 after acquiring an additional 1,412,192 shares during the last quarter. Guggenheim Capital LLC grew its holdings in shares of Inv Vk Mun Opp by 23.9% in the second quarter. Guggenheim Capital LLC now owns 1,456,238 shares of the investment management company’s stock valued at $13,368,000 after purchasing an additional 281,166 shares in the last quarter. Ameriprise Financial Inc. grew its holdings in shares of Inv Vk Mun Opp by 121.2% in the second 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 in the last quarter. Invesco Ltd. increased its position in Inv Vk Mun Opp by 15.3% in the second quarter. Invesco Ltd. now owns 128,500 shares of the investment management company’s stock worth $1,180,000 after purchasing an additional 17,074 shares during the last quarter. Finally, Garner Asset Management Corp raised its stake in Inv Vk Mun Opp by 10.3% during the second quarter. Garner Asset Management Corp now owns 125,998 shares of the investment management company’s stock valued at $1,157,000 after purchasing an additional 11,730 shares in the last quarter. 42.57% of the stock is owned by institutional investors.

Inv Vk Mun Opp Trading Up 0.4%

VMO stock opened at $9.99 on Friday. Inv Vk Mun Opp has a 52 week low of $8.81 and a 52 week high of $9.99. The company has a fifty day simple moving average of $9.69 and a two-hundred day simple moving average of $9.55.

Inv Vk Mun Opp Dividend Announcement

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

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.