Inv Vk Mun Opp (NYSE:VMO) Shares Pass Below 50-Day Moving Average – Here’s Why

Inv Vk Mun Opp (NYSE:VMO)’s stock price crossed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $9.19 and traded as low as $9.13. Inv Vk Mun Opp shares last traded at $9.25, with a volume of 177,423 shares trading hands.

Inv Vk Mun Opp Stock Performance

The stock’s 50-day moving average is $9.19 and its 200 day moving average is $9.46.

Inv Vk Mun Opp Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Monday, June 30th. Stockholders of record on Tuesday, June 17th were given a $0.0625 dividend. The ex-dividend date was Tuesday, June 17th. This represents a $0.75 dividend on an annualized basis and a dividend yield of 8.11%.

Institutional Trading of Inv Vk Mun Opp

A number of institutional investors have recently made changes to their positions in the business. Guggenheim Capital LLC raised its holdings in shares of Inv Vk Mun Opp by 24.3% in the first quarter. Guggenheim Capital LLC now owns 1,175,072 shares of the investment management company’s stock worth $11,151,000 after buying an additional 229,809 shares during the last quarter. Raymond James Financial Inc. raised its stake in Inv Vk Mun Opp by 23.0% in the 1st quarter. Raymond James Financial Inc. now owns 961,150 shares of the investment management company’s stock worth $9,121,000 after acquiring an additional 179,489 shares during the last quarter. LPL Financial LLC raised its stake in Inv Vk Mun Opp by 17.8% in the 1st quarter. LPL Financial LLC now owns 532,899 shares of the investment management company’s stock worth $5,057,000 after acquiring an additional 80,657 shares during the last quarter. Kestra Advisory Services LLC raised its stake in Inv Vk Mun Opp by 25.7% in the 1st quarter. Kestra Advisory Services LLC now owns 308,607 shares of the investment management company’s stock worth $2,929,000 after acquiring an additional 63,028 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its stake in Inv Vk Mun Opp by 160.3% in 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. Institutional investors and hedge funds own 42.57% of the company’s stock.

About Inv Vk Mun Opp

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.