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Invesco Muni Opportunity Trust $VMO chart shows a downtrend channel breakout as of January 2, 2023. A MACD 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 income 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
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