Inv Vk Mun Opp (NYSE:VMO) Portfolio Manager Purchases $25,920.00 in Stock

Inv Vk Mun Opp (NYSE:VMO) Portfolio Manager Rebecca Setcavage bought 3,000 shares of the firm’s stock in a transaction on Tuesday, October 13th. The shares were purchased at an average cost of $8.64 per share, with a total value of $25,920.00. Following the transaction, the portfolio manager directly owned 3,000 shares in the company, valued at approximately $25,920. This trade represents a ? increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Inv Vk Mun Opp Stock Performance

Inv Vk Mun Opp stock opened at $8.79 on Friday. Inv Vk Mun Opp has a 52-week low of $8.12 and a 52-week high of $10.10. The firm has a 50 day moving average price of $9.19 and a two-hundred day moving average price of $9.53.

Inv Vk Mun Opp Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, October 30th. Stockholders of record on Wednesday, October 14th will be given a dividend of $0.0625 per share. This represents a $0.75 annualized dividend and a dividend yield of 8.5%. This is a boost from Inv Vk Mun Opp’s previous monthly dividend of $0.0625. The ex-dividend date is Wednesday, October 14th.

Hedge Funds Weigh In On Inv Vk Mun Opp

A number of hedge funds have recently bought and sold shares of the company. Hennion & Walsh Asset Management Inc. boosted its position in Inv Vk Mun Opp by 89.8% during the second quarter. Hennion & Walsh Asset Management Inc. now owns 1,277,578 shares of the investment management company’s stock valued at $12,610,000 after acquiring an additional 604,561 shares during the last quarter. Kestra Advisory Services LLC raised its position in shares of Inv Vk Mun Opp by 19.4% in the 1st quarter. Kestra Advisory Services LLC now owns 523,813 shares of the investment management company’s stock worth $4,981,000 after acquiring an additional 85,183 shares in the last quarter. Van ECK Associates Corp lifted its stake in shares of Inv Vk Mun Opp by 1.6% in the 2nd quarter. Van ECK Associates Corp now owns 451,018 shares of the investment management company’s stock valued at $4,452,000 after purchasing an additional 6,915 shares during the period. Royal Bank of Canada lifted its stake in shares of Inv Vk Mun Opp by 25.6% in the 1st quarter. Royal Bank of Canada now owns 169,567 shares of the investment management company’s stock valued at $1,612,000 after purchasing an additional 34,600 shares during the period. Finally, NewEdge Advisors LLC lifted its stake in shares of Inv Vk Mun Opp by 8.6% in the 2nd quarter. NewEdge Advisors LLC now owns 137,771 shares of the investment management company’s stock valued at $1,360,000 after purchasing an additional 10,896 shares during the period. Institutional investors own 42.57% of the company’s stock.

Inv Vk Mun Opp Company Profile

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.