Gridiron Partners LLC Grows Position in Inv Vk Mun Opp $VMO

Gridiron Partners LLC boosted its holdings in Inv Vk Mun Opp (NYSE:VMO) by 1,558.1% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,502,830 shares of the investment management company’s stock after acquiring an additional 1,412,192 shares during the quarter. Gridiron Partners LLC owned 2.23% of Inv Vk Mun Opp worth $145,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Nuveen LLC purchased a new position in Inv Vk Mun Opp during the first quarter valued at $309,000. Advisors Asset Management Inc. raised its stake in Inv Vk Mun Opp by 51.3% in the 2nd quarter. Advisors Asset Management Inc. now owns 325,818 shares of the investment management company’s stock valued at $2,991,000 after purchasing an additional 110,436 shares during the last quarter. Raymond James Financial Inc. lifted its stake in Inv Vk Mun Opp by 23.0% during 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 in the last quarter. Guggenheim Capital LLC lifted its stake in shares of Inv Vk Mun Opp by 24.3% in the 1st quarter. Guggenheim Capital LLC now owns 1,175,072 shares of the investment management company’s stock worth $11,151,000 after acquiring an additional 229,809 shares during the period. Finally, Kestra Advisory Services LLC raised its stake in Inv Vk Mun Opp by 25.7% during the first quarter. Kestra Advisory Services LLC now owns 308,607 shares of the investment management company’s stock worth $2,929,000 after purchasing an additional 63,028 shares during the period. 42.57% of the stock is currently owned by institutional investors.

Inv Vk Mun Opp Trading Up 0.2%

Shares of NYSE VMO opened at $9.60 on Tuesday. Inv Vk Mun Opp has a 12-month low of $8.81 and a 12-month high of $9.94. The stock has a fifty day moving average price of $9.64 and a 200 day moving average price of $9.39.

Inv Vk Mun Opp Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, December 31st. Investors of record on Tuesday, December 16th will be paid a dividend of $0.0625 per share. The ex-dividend date is Tuesday, December 16th. This represents a c) annualized dividend and a yield of 7.8%.

Inv Vk Mun Opp 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.