Advisors Asset Management Inc. Increases Stock Holdings in Inv Vk Mun Opp $VMO

Advisors Asset Management Inc. increased its stake in shares of Inv Vk Mun Opp (NYSE:VMO) by 37.0% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 446,487 shares of the investment management company’s stock after purchasing an additional 120,669 shares during the quarter. Advisors Asset Management Inc.’s holdings in Inv Vk Mun Opp were worth $4,318,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Gridiron Partners LLC lifted its position in Inv Vk Mun Opp by 1,558.1% in the third quarter. Gridiron Partners LLC now owns 1,502,830 shares of the investment management company’s stock worth $145,000 after buying an additional 1,412,192 shares during the last quarter. Ameriprise Financial Inc. raised its stake 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 acquiring an additional 409,601 shares during the period. Guggenheim Capital LLC raised its stake 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 acquiring an additional 281,166 shares during the period. Balyasny Asset Management L.P. bought a new stake in shares of Inv Vk Mun Opp in the 2nd quarter worth about $544,000. Finally, Jane Street Group LLC boosted its stake in shares of Inv Vk Mun Opp by 338.8% during the 2nd quarter. Jane Street Group LLC now owns 72,026 shares of the investment management company’s stock worth $661,000 after purchasing an additional 55,610 shares during the period. Hedge funds and other institutional investors own 42.57% of the company’s stock.

Inv Vk Mun Opp Trading Up 0.4%

Shares of NYSE:VMO opened at $9.99 on Friday. Inv Vk Mun Opp has a 12 month low of $8.81 and a 12 month high of $9.99. The firm’s 50-day moving average is $9.69 and its 200 day moving average is $9.55.

Inv Vk Mun Opp Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, February 27th. Stockholders of record on Tuesday, February 17th will be paid a dividend of $0.0625 per share. 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.