Guggenheim Capital LLC Buys 281,166 Shares of Inv Vk Mun Opp $VMO

Guggenheim Capital LLC increased its stake in shares of Inv Vk Mun Opp (NYSE:VMO) by 23.9% during the second quarter, HoldingsChannel reports. The institutional investor owned 1,456,238 shares of the investment management company’s stock after buying an additional 281,166 shares during the quarter. Guggenheim Capital LLC’s holdings in Inv Vk Mun Opp were worth $13,368,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. US Bancorp DE lifted its position in shares of Inv Vk Mun Opp by 413.3% during the 1st quarter. US Bancorp DE now owns 2,700 shares of the investment management company’s stock valued at $26,000 after acquiring an additional 2,174 shares during the period. CBIZ Investment Advisory Services LLC bought a new position in Inv Vk Mun Opp in the 1st quarter valued at about $29,000. Northwestern Mutual Wealth Management Co. raised its position in shares of Inv Vk Mun Opp by 252.9% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 7,661 shares of the investment management company’s stock valued at $70,000 after buying an additional 5,490 shares in the last quarter. Concorde Asset Management LLC acquired a new position in shares of Inv Vk Mun Opp in the 1st quarter valued at approximately $95,000. Finally, Jane Street Group LLC bought a new stake in shares of Inv Vk Mun Opp during the 1st quarter worth approximately $156,000. 42.57% of the stock is owned by institutional investors and hedge funds.

Inv Vk Mun Opp Price Performance

Shares of NYSE:VMO opened at $9.61 on Friday. Inv Vk Mun Opp has a 1 year low of $8.81 and a 1 year high of $10.15. The company’s 50 day simple moving average is $9.65 and its 200 day simple moving average is $9.35.

Inv Vk Mun Opp Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 16th will be issued a dividend of $0.0625 per share. The ex-dividend date of this dividend is Tuesday, December 16th. This represents a c) dividend on an annualized basis and a dividend yield of 7.8%.

Inv Vk Mun Opp Profile

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.