Cambridge Investment Research Advisors Inc. increased its holdings in shares of INV VK MUN OPP (NYSE:VMO – Free Report) by 10.7% in the 1st quarter, Holdings Channel.com reports. The firm owned 129,282 shares of the investment management company’s stock after acquiring an additional 12,459 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in INV VK MUN OPP were worth $1,227,000 as of its most recent filing with the SEC.
Several other hedge funds have also recently added to or reduced their stakes in the business. Raymond James Financial Inc. bought a new stake in INV VK MUN OPP in the 4th quarter valued at $7,598,000. LPL Financial LLC increased its holdings in shares of INV VK MUN OPP by 214.7% in the fourth quarter. LPL Financial LLC now owns 452,242 shares of the investment management company’s stock worth $4,396,000 after acquiring an additional 308,518 shares in the last quarter. Guggenheim Capital LLC lifted its stake in INV VK MUN OPP by 48.2% in the 4th quarter. Guggenheim Capital LLC now owns 945,263 shares of the investment management company’s stock valued at $9,188,000 after acquiring an additional 307,338 shares in the last quarter. Ameriprise Financial Inc. boosted its position in INV VK MUN OPP by 160.3% during the 4th quarter. Ameriprise Financial Inc. now owns 299,320 shares of the investment management company’s stock worth $2,909,000 after acquiring an additional 184,317 shares during the last quarter. Finally, Rareview Capital LLC grew its holdings in shares of INV VK MUN OPP by 79.9% in the 4th quarter. Rareview Capital LLC now owns 288,132 shares of the investment management company’s stock valued at $2,959,000 after acquiring an additional 127,963 shares in the last quarter. Institutional investors own 42.57% of the company’s stock.
INV VK MUN OPP Stock Up 0.6%
NYSE:VMO opened at $9.33 on Friday. The stock’s 50-day simple moving average is $9.19 and its 200 day simple moving average is $9.45. INV VK MUN OPP has a 52-week low of $8.81 and a 52-week high of $10.39.
INV VK MUN OPP Announces Dividend
The business also recently declared a monthly dividend, which will be paid on Thursday, July 31st. Investors of record on Wednesday, July 16th will be paid a $0.0625 dividend. The ex-dividend date is Wednesday, July 16th. This represents a $0.75 dividend on an annualized basis and a yield of 8.04%.
INV VK MUN OPP Profile
(Free Report)
Invesco Municipal Opportunity Trust is a closed ended fixed income mutual fund launched by Invesco Ltd. The fund is co-managed by Invesco Advisers, Inc, INVESCO Asset Management (Japan) Limited, INVESCO Asset Management Deutschland GmbH, INVESCO Asset Management Limited, Invesco Canada Ltd., Invesco Hong Kong Limited, and INVESCO Senior Secured Management, Inc It invests in the fixed income markets of the United States.
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