Inv Vk Mun Opp (NYSE:VMO) Stock Price Breaks Below Two Hundred Day Moving Average – What’s Next?

Shares of Inv Vk Mun Opp (NYSE:VMO) passed below its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $9.51 and traded as low as $8.69. Inv Vk Mun Opp shares last traded at $8.7440, with a volume of 391,938 shares.

Inv Vk Mun Opp Stock Down 0.8%

The firm’s 50-day simple moving average is $9.08 and its 200 day simple moving average is $9.51.

Inv Vk Mun Opp Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, October 30th. Investors of record on Wednesday, October 14th will be issued a dividend of $0.0625 per share. The ex-dividend date of this dividend is Wednesday, October 14th. This is an increase 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%.

Insiders Place Their Bets

In other Inv Vk Mun Opp news, Portfolio Manager Rebecca Setcavage bought 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 13th. The shares were acquired at an average cost of $8.64 per share, for a total transaction of $25,920.00. Following the acquisition, the portfolio manager directly owned 3,000 shares of the company’s stock, valued at $25,920. This trade represents a ? increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this link. Insiders own 1.00% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Compass Wealth Management LLC acquired a new position in shares of Inv Vk Mun Opp in the 3rd quarter valued at about $57,000. Global Retirement Partners LLC purchased a new stake in shares of Inv Vk Mun Opp in the second quarter worth approximately $93,000. Worth Asset Management LLC purchased a new stake in shares of Inv Vk Mun Opp in the second quarter worth approximately $127,000. Retirement Planning Group LLC acquired a new stake in shares of Inv Vk Mun Opp during the third quarter worth approximately $114,000. Finally, Susquehanna International Group LLP acquired a new stake in shares of Inv Vk Mun Opp during the second quarter worth approximately $135,000. Institutional investors and hedge funds 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. The fund seeks to provide current income that is exempt from regular federal income tax by investing primarily in a portfolio of municipal securities issued by states, municipalities and other public authorities in the United States.

The portfolio may include a variety of tax-exempt bonds used to finance public infrastructure and essential services, such as transportation, utilities, education and health care.