Inv Vk Mun Opp (NYSE:VMO) Sets New 12-Month Low – Here’s What Happened

Inv Vk Mun Opp (NYSE:VMO)’s share price hit a new 52-week low during mid-day trading on Friday . The stock traded as low as $9.20 and last traded at $9.21, with a volume of 152981 shares. The stock had previously closed at $9.27.

Inv Vk Mun Opp Trading Down 0.9%

The stock’s fifty day moving average is $9.65 and its 200 day moving average is $9.69.

Inv Vk Mun Opp Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Monday, September 14th will be given a $0.0625 dividend. The ex-dividend date is Monday, September 14th. This represents a c) dividend on an annualized basis and a dividend yield of 8.2%.

Institutional Trading of Inv Vk Mun Opp

A number of institutional investors have recently modified their holdings of VMO. NewEdge Advisors LLC grew its stake in shares of Inv Vk Mun Opp by 8.6% in the second quarter. NewEdge Advisors LLC now owns 137,771 shares of the investment management company’s stock worth $1,360,000 after purchasing an additional 10,896 shares during the last quarter. Baird Financial Group Inc. purchased a new stake in Inv Vk Mun Opp in the 2nd quarter worth approximately $244,000. Citadel Advisors LLC purchased a new stake in Inv Vk Mun Opp in the 2nd quarter worth approximately $417,000. Concurrent Investment Advisors LLC grew its position in shares of Inv Vk Mun Opp by 40.1% in the 2nd quarter. Concurrent Investment Advisors LLC now owns 53,559 shares of the investment management company’s stock worth $529,000 after buying an additional 15,318 shares during the last quarter. Finally, Susquehanna International Group LLP purchased a new position in shares of Inv Vk Mun Opp during the second quarter valued at approximately $135,000. 42.57% of the stock is currently owned by hedge funds and other institutional investors.

About Inv Vk Mun Opp

Invesco Municipal Opportunity Trust (NYSE: VMO) is a closed-end 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, municipalities and other public-sector entities in the United States.

The portfolio may include tax-exempt bonds and other debt obligations used to finance public infrastructure and services, such as schools, transportation systems, utilities and healthcare facilities.