Invesco Muni Opportunity Trust $VMO chart shows a downtrend channelUptrend and downtrend channel patterns are technical analysis tools used to identify potential future price movements. They are formed by two parallel lines on a chart and can be u... breakout as of January 2, 2023. A MACDThe MACD indicator is essentially a momentum indicator that shows the relationship between two different moving averages of price. The MACD is the difference between the 12-period ... buy signal was also recently triggered. $VMO stock is in a technical weak uptrend.
On the weekly chart, $VMO is trading at a deep-discount from its $14 price level at the beginning of 2022.
The investment goal of the Invesco Muni $VMO ETF is to provide a high level of current incomeThe income statement provides a summary of a company's revenue and expenses over a specified period of time, typically a year or a quarter. It shows the company's total revenue, th... that is free from federal income tax while maintaining capital. The portfolio in which the Trust will invest will primarily be made up of municipal obligations that are deemed investment grade at the time of the investment. The annual dividend on $VMO is 5.69% as of January 2, 2023.
Munis are set up to have a good year in 2023, says Appleton’s Jeff Johnson
