Inv Vk Mun Opp $VMO Holdings Lowered by UBS Group AG

UBS Group AG trimmed its stake in shares of Inv Vk Mun Opp (NYSE:VMO) by 14.3% during the fourth quarter, Holdings Channel reports. The institutional investor owned 1,134,539 shares of the investment management company’s stock after selling 188,856 shares during the period. UBS Group AG’s holdings in Inv Vk Mun Opp were worth $10,858,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Concurrent Investment Advisors LLC raised its position in shares of Inv Vk Mun Opp by 7.8% during the 4th quarter. Concurrent Investment Advisors LLC now owns 33,474 shares of the investment management company’s stock worth $320,000 after buying an additional 2,435 shares in the last quarter. Formidable Asset Management LLC raised its position in shares of Inv Vk Mun Opp by 14.9% during the 3rd quarter. Formidable Asset Management LLC now owns 21,650 shares of the investment management company’s stock worth $199,000 after buying an additional 2,800 shares in the last quarter. Geneos Wealth Management Inc. raised its position in shares of Inv Vk Mun Opp by 1,328.5% during the 2nd quarter. Geneos Wealth Management Inc. now owns 4,214 shares of the investment management company’s stock worth $39,000 after buying an additional 3,919 shares in the last quarter. NewEdge Advisors LLC raised its position in shares of Inv Vk Mun Opp by 7.4% during the 1st quarter. NewEdge Advisors LLC now owns 57,365 shares of the investment management company’s stock worth $544,000 after buying an additional 3,937 shares in the last quarter. Finally, Wakefield Asset Management LLLP raised its position in shares of Inv Vk Mun Opp by 2.4% during the 3rd quarter. Wakefield Asset Management LLLP now owns 189,795 shares of the investment management company’s stock worth $1,835,000 after buying an additional 4,521 shares in the last quarter. 42.57% of the stock is currently owned by institutional investors.

Inv Vk Mun Opp Stock Performance

VMO stock opened at $9.53 on Friday. Inv Vk Mun Opp has a 52 week low of $8.90 and a 52 week high of $10.10. The firm’s 50-day moving average is $9.67 and its two-hundred day moving average is $9.70.

Inv Vk Mun Opp Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, May 29th. Shareholders of record on Thursday, May 14th will be given a dividend of $0.0625 per share. This represents a c) dividend on an annualized basis and a dividend yield of 7.9%. The ex-dividend date is Thursday, May 14th.

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.