Invesco Municipal Opportunity Trust (VMO)
The Invesco Municipal Opportunity Trust is a closed-end mutual fund specializing in fixed-income investments, originally established by Invesco Ltd. A consortium of Invesco entities, including 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., collectively manages the fund. Its investment strategy focuses on the fixed-income sector within the United States, primarily allocating capital to high-quality municipal instruments such as bonds, notes, commercial paper, and lease obligations. The construction of its portfolio is based on a meticulous bottom-up security selection approach, driven by in-depth fundamental analysis. This U.S.-domiciled trust, which began operations on April 24, 1992, was previously identified as the Invesco Van Kampen Municipal Opportunity Trust.
Industry: Asset Management
Invesco Municipal Opportunity Trust
NYSE:VMOFinancial Services · Asset Management
-0.68%$8.71
AH Close$8.71+0.00%vs close
AH Close$8.71+0.00%vs close
Mkt Cap$587.41M
Float53.39M
O/S67.44M
Inst Own24.9%
SI0.3%
Div Yield8.61%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$40.26M
Net Income$19.29M
Total Assets$1.08B
Free Cash Flow$29.84M
Debt & Equity
Debt 36%
Equity 64%
Total Debt$383.6M
Total Equity$690.16M
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in VMO's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$1.08B
Liabilities$393.53M
Accounts Receivable$11.53M
Accounts Payable$9.59M
Inventory$0
PP&E (Net)$0
Goodwill$0
Intangible Assets$0
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2026-02-28 | 2025-02-28 | 2024-02-28 | 2023-02-28 | 2022-02-28 | 2021-02-28 | 2020-02-28 | 2019-02-28 | 2018-02-28 | 2017-02-28 | 2016-02-28 | 2015-02-28 | 2014-02-28 | 2013-02-28 |
| Revenue | $40.26M | $42.59M | $54.19M | -$111.69M | -$1.46M | $9.62M | $111.93M | $26.43M | $32.93M | $67.63M | $69.9M | $70.99M | $70.81M | $49.47M |
| YoY Growth | -5.5% | -21.4% | -148.5% | 7540.4% | -115.2% | -91.4% | 323.4% | -19.7% | -51.3% | -3.3% | -1.5% | 0.3% | 43.1% | - |
| Cost of Revenue | $6.19M | $18.12M | $6.68M | -$166.03M | $8.49M | -$49.85M | $23.28M | $22.94M | $19.84M | $8.82M | $8.08M | $15.22M | $15.38M | $10.78M |
| Gross Profit | $34.07M | $24.46M | $54.19M | $54.34M | -$9.95M | $59.47M | $88.65M | $3.49M | $13.09M | $58.81M | $61.82M | $55.76M | $55.43M | $38.69M |
| Gross Margin | 84.6% | 57.4% | 100.0% | -48.6% | 680.9% | 618.4% | 79.2% | 13.2% | 39.7% | 87.0% | 88.4% | 78.6% | 78.3% | 78.2% |
| Research and Development | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $437K | $768K | $416K | $374K | $255K | $508K | $412K | $572K | $574K | $9.03M | $8.45M | $8.61M | $8.19M | $6.58M |
| Other | -$1.32M | $39K | $0 | -$94.35M | $68K | -$27.23M | $493K | $659K | $662K | -$198K | -$3.51M | -$450K | -$590K | $140K |
| Total Operating Expenses | -$879K | $807K | $447K | $425K | $323K | $567K | $493K | $849K | $829K | $56.53M | $3.51M | $49.84M | $88.69M | $11.47M |
| Operating Income (EBIT) | $34.95M | $23.66M | $47.35M | $46.94M | $45.96M | $50.67M | $52.86M | $55.39M | $15.11M | $14.02M | $58.31M | $62.37M | $62.61M | $42.89M |
| Operating Margin | 86.8% | 55.6% | 87.4% | -42.0% | -3144.1% | 526.9% | 47.2% | 209.6% | 45.9% | 20.7% | 83.4% | 87.9% | 88.4% | 86.7% |
| Interest Expense | $15.66M | $18.12M | $19.59M | $13.81M | $5.68M | $7.83M | $14.56M | $14.23M | $10.79M | $0 | $0 | $58.46M | $6.6M | $18.05M |
| Interest Income | $53.52M | $53.13M | $54.16M | $54.33M | $54.54M | $59.47M | $61.6M | $64.39M | $69.19M | $0 | $0 | $0 | $0 | $0 |
| Other Income (Expense) | -$15.66M | -$18.12M | $9.83M | -$219.86M | $8.49M | -$41.62M | $58.57M | -$30M | -$27.95M | -$56.49M | $0 | $52.3M | -$87.1M | $13.71M |
| Income Before Tax (EBT) | $19.29M | $23.66M | $57.18M | -$112.12M | -$1.78M | $9.05M | $111.43M | $25.58M | $32.1M | $5.03M | $52.47M | $114.67M | -$24.49M | $56.6M |
| Income Tax Expense | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $25.9M | -$8.99M | -$5.84M | $0 | $0 | $13.71M |
| Net Income | $19.29M | $23.66M | $57.18M | -$112.12M | -$1.78M | $9.05M | $111.43M | $25.58M | $32.1M | $5.03M | $52.47M | $114.67M | -$24.49M | $56.54M |
| Net Income Margin | 47.9% | 55.6% | 105.5% | 100.4% | 122.1% | 94.1% | 99.6% | 96.8% | 97.5% | 7.4% | 75.1% | 161.5% | -34.6% | 114.3% |
| Supplementary Data | ||||||||||||||
| EPS | 0.29 | 0.35 | 0.85 | -1.66 | -0.03 | 0.13 | 1.65 | 0.38 | 0.48 | 0.07 | 0.78 | 1.70 | -0.36 | 0.84 |
| Diluted EPS | 0.29 | 0.35 | 0.85 | -1.66 | -0.03 | 0.13 | 1.65 | 0.37 | 0.48 | 0.07 | 0.78 | 1.70 | -0.36 | 0.84 |
| Weighted Average OS | 67.44M | 67.44M | 67.44M | 67.44M | 67.44M | 67.41M | 67.41M | 67.41M | 66.87M | 67.41M | 67.39M | 67.39M | 67.39M | 67.39M |
| EBITDA | $34.95M | $23.66M | $47.35M | -$37.51M | -$52.35M | $16.88M | $111.43M | $25.58M | $32.1M | $5.03M | $52.47M | $62.37M | $62.61M | $74.65M |
| EBITDA Margin | 86.8% | 55.6% | 87.4% | 33.6% | 3580.6% | 175.5% | 99.6% | 96.8% | 97.5% | 7.4% | 75.1% | 87.9% | 88.4% | 150.9% |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2026-02-28 | 2025-02-28 | 2024-02-28 | 2023-02-28 | 2022-02-28 | 2021-02-28 | 2020-02-28 | 2019-02-28 | 2018-02-28 | 2017-02-28 | 2016-02-28 | 2015-02-28 | 2014-02-28 | 2013-02-28 |
| Assets | ||||||||||||||
| Current Assets | ||||||||||||||
| Cash and Cash Equivalents | $5.18M | $6.26M | $0 | $21.93M | $2.75M | $3.97M | $0 | $0 | $0 | $0 | $0 | $0 | $1.14M | $3.1M |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | -$407.46M | -$355.07M | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $5.18M | $6.26M | $0 | $21.93M | $2.75M | $3.97M | -$407.46M | -$355.07M | $0 | $0 | $0 | $0 | $1.14M | $3.1M |
| Accounts Receivable | $11.53M | $12.08M | $12.22M | $21.43M | $18.78M | $16.06M | $19.59M | $19.43M | $19.36M | $23.9M | $20.92M | $19.33M | $18.99M | $21.72M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $427.05M | $374.5M | $0 | $0 | $0 | $0 | $0 | -$3.1M |
| Other Current Assets | $219K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $197K |
| Total Current Assets | $16.93M | $18.34M | $12.22M | $43.36M | $21.53M | $20.03M | $19.59M | $19.43M | $19.36M | $23.9M | $20.92M | $19.33M | $20.13M | $21.91M |
| Long-Term Assets | ||||||||||||||
| Property, Plant & Equipment Net | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Goodwill | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $1.07B | $1.1B | $1.17B | $1.17B | $1.43B | $1.48B | $1.55B | $1.46B | $1.5B | $1.09B | $1.58B | $1.59B | $1.51B | $1.59B |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $54K | $1.1B | $89.04M | -$159.9M | -$327.93M | -$359.32M | -$407.46M | -$355.07M | -$1.5B | $433.31M | $17K | $63K | $153K | $242K |
| Total Long-Term Assets | $1.07B | $1.1B | $1.26B | $1.01B | $1.1B | $1.12B | $1.14B | $1.1B | $1.5B | $1.52B | $1.58B | $1.59B | $1.51B | $1.59B |
| Other Assets | $0 | $0 | -$89.04M | $159.9M | $327.93M | $360.47M | $407.46M | $355.07M | $18K | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $1.08B | $1.11B | $1.18B | $1.21B | $1.45B | $1.5B | $1.57B | $1.48B | $1.52B | $1.55B | $1.6B | $1.61B | $1.53B | $1.61B |
| Liabilities | ||||||||||||||
| Current Liabilities | ||||||||||||||
| Accounts Payable | $9.59M | $3.9M | $8.61M | $18.65M | $12.19M | $1.6M | $7.72M | $2.09M | $957K | $0 | $3.51M | $1.18M | $3.76M | $0 |
| Short-Term Debt | $0 | $0 | $0 | $0 | $0 | $0 | $432K | $0 | $807K | $5.36M | $1.24M | $6.78M | $0 | $0 |
| Current Income Tax Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | -$432K | -$2.47M | -$807K | $0 | $0 | $0 | $0 | $0 |
| Other Current Liabilities | $0 | $4.1M | $337K | -$20.1M | -$12.74M | -$2.37M | $62K | $370.15M | $773K | $93K | $101K | $101K | $146K | $627K |
| Total Current Liabilities | $9.59M | $3.9M | $10.43M | $20.16M | $12.85M | $2.45M | $9.47M | $372.29M | $3.43M | $6.77M | $5.26M | $8.5M | $4.31M | $627K |
| Long-Term Liabilities | ||||||||||||||
| Long-Term Debt | $383.6M | $76.11M | $427.23M | $0 | $0 | $0 | $253.87M | $234.24M | $264.05M | $636.67M | $635.65M | $644.39M | $624.19M | $633.55M |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $90K | $312.64M | $76K | $0 | $0 | $0 | -$253.87M | -$234.24M | -$264.05M | $83K | $89K | $83K | $80K | $83K |
| Total Long-Term Liabilities | $383.94M | $388.75M | $427.3M | $474.67M | $573.28M | $590.69M | $621.45M | $234.24M | $631.64M | $636.75M | $635.74M | $644.47M | $624.27M | $633.64M |
| Other Liabilities | $0 | $0 | $0 | $82K | $89K | $90K | $88K | $86K | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $393.53M | $392.65M | $437.73M | $494.91M | $586.22M | $593.23M | $631.01M | $606.62M | $635.07M | $643.52M | $641M | $652.97M | $628.58M | $634.26M |
| Stockholders' Equity | ||||||||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $809.6M | $829.05M | $847.18M | $847.95M | $850.68M | $850.13M | $849.87M | $851.41M | $857.25M | $861.56M | $911.09M | $974.3M | $1B | $1.01B |
| Retained Earnings | -$119.44M | -$107.6M | -$103.67M | -$132.94M | $12.71M | $57.57M | $89.69M | $17.02M | $2.18M | $42.29M | $44.48M | -$14.06M | -$106.15M | -$29.42M |
| Comprehensive Income & Other | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $71.74M | $0 | $0 | $0 | $0 | $0 |
| Other Stockholders' Equity | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $28.23M | $0 | $0 | $0 | $0 | $0 |
| Total Equity | $690.16M | $721.45M | $743.52M | $715.01M | $863.39M | $907.69M | $939.56M | $868.43M | $887.66M | $903.86M | $955.57M | $960.24M | $898.74M | $979.84M |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $1.08B | $1.11B | $1.18B | $1.21B | $1.45B | $1.5B | $1.57B | $1.48B | $1.52B | $1.55B | $1.6B | $1.61B | $1.53B | $1.61B |
| Supplementary Data | ||||||||||||||
| Total Debt | $383.6M | $76.11M | $427.23M | $107.08M | $205.71M | $223.1M | $253.87M | $234.24M | $264.05M | $642.03M | $636.89M | $651.16M | $624.19M | $633.55M |
| Net Debt | $378.42M | $69.85M | $427.23M | $85.16M | $202.96M | $219.14M | $253.87M | $234.24M | $264.05M | $642.03M | $636.89M | $651.16M | $623.05M | $630.45M |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2026-02-28 | 2025-02-28 | 2024-02-28 | 2023-02-28 | 2022-02-28 | 2021-02-28 | 2020-02-28 | 2019-02-28 | 2018-02-28 | 2017-02-28 | 2016-02-28 | 2015-02-28 | 2014-02-28 | 2013-02-28 |
| Operating Activities | ||||||||||||||
| Net Income | $19.29M | $23.66M | $57.18M | -$112.12M | -$1.78M | $9.05M | $111.43M | $25.58M | $32.1M | $5.03M | $52.47M | $114.67M | -$24.49M | $56.6M |
| Depreciation & Amortization | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Deferred Income Tax | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Stock-Based Compensation | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Changes in Working Capital: | ||||||||||||||
| Accounts Receivable | $608K | $150K | -$74K | $2.36M | $1.56M | -$197K | $211K | $1.12M | $3.85M | $983K | $149K | -$569K | $539K | $821K |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Accounts Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $2.86M | -$2.34M | $2.62M | $0 | $0 |
| Other Working Capital | -$184K | -$416K | $22K | $893K | -$223K | -$53K | -$47K | $180K | -$3.13M | $1.23M | $110K | $45K | -$110K | -$5.18M |
| Total Working Capital Change | $424K | -$266K | -$52K | $3.25M | $1.34M | -$250K | $164K | $1.3M | $718K | $1.23M | $110K | -$524K | $429K | -$4.36M |
| Other Non-Cash Items | $10.13M | $67.46M | -$3.22M | $262.98M | $59.11M | $67.27M | -$88.87M | $46.06M | $25.09M | $51.36M | $7.77M | -$88.87M | $91.31M | $1.35M |
| Net Cash from Operating | $29.84M | $90.85M | $53.91M | $154.12M | $58.67M | $76.07M | $22.73M | $72.95M | $57.9M | $57.62M | $60.35M | $25.28M | $67.26M | $53.59M |
| Investing Activities | ||||||||||||||
| Capital Expenditures | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Acquisitions | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Purchases of Investments | -$270.29M | -$116.84M | -$418.05M | -$507.36M | -$185.4M | -$308.89M | -$172.43M | -$233.35M | -$202.3M | -$226.75M | -$153.73M | $0 | $0 | $0 |
| Sales of Investments | $348.74M | $186.82M | $439.81M | $667.22M | $213.75M | $344.03M | $137.08M | $271.85M | $213.94M | $220.73M | $164.82M | $0 | $0 | $0 |
| Other Investing Activities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Cash from Investing | $78.45M | $69.98M | $21.76M | $159.86M | $28.35M | $35.14M | -$35.35M | $38.5M | $11.64M | -$6.02M | $11.09M | $0 | $0 | $0 |
| Financing Activities | ||||||||||||||
| Debt Repaid | -$57.52M | -$16.48M | $47.45M | $98.63M | $17.39M | $30.77M | -$19.63M | $29.8M | $5.04M | -$1.03M | $8.77M | -$20.02M | $5.11M | - |
| Common Stock Issuance | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock Repurchases | -$19.45M | -$73.33M | -$766K | -$2.71M | $0 | $0 | -$1.46M | -$1.92M | $0 | $0 | $0 | $0 | $0 | -$187M |
| Dividends Paid | -$31.2M | -$27.47M | -$27.9M | -$33.61M | -$42.49M | -$40.9M | -$38.87M | -$42.89M | -$48.3M | -$56.75M | -$57.14M | -$53.22M | -$56.58M | -$44.29M |
| Other Financing Activities | $0 | -$272K | $272K | $0 | $0 | $0 | $0 | $1.66M | $0 | $4.12M | -$5.53M | $6.78M | -$4.43M | -$9.29M |
| Net Cash from Financing | -$55.53M | -$84.6M | -$75.84M | -$134.94M | -$59.88M | -$72.1M | -$22.73M | -$72.95M | -$57.9M | -$51.6M | -$71.44M | -$26.42M | -$66.12M | -$53.59M |
| Forex Effect | -$53.84M | $0 | $0 | -$159.86M | -$28.35M | -$35.14M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | -$1.07M | $6.26M | -$21.93M | $19.18M | -$1.22M | $3.97M | -$35.35M | $38.5M | $11.64M | $0 | $0 | -$1.18M | -$1.96M | $0 |
| Supplementary Data | ||||||||||||||
| Operating Cash Flow | $29.84M | $90.85M | $53.91M | $154.12M | $58.67M | $76.07M | $22.73M | $72.95M | $57.9M | $57.62M | $60.35M | $25.28M | $67.26M | $53.59M |
| Capital Expenditure | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Free Cash Flow | $29.84M | $90.85M | $53.91M | $154.12M | $58.67M | $76.07M | $22.73M | $72.95M | $57.9M | $57.62M | $60.35M | $25.28M | $67.26M | $53.59M |
| Cash at Beginning | $6.26M | $0 | $21.93M | $2.75M | $3.97M | $0 | $0 | $0 | $0 | $0 | $0 | $1.14M | $3.1M | $0 |
| Cash at End | $5.18M | $6.26M | -$5.86M | $21.93M | $2.75M | $3.97M | -$35.35M | $38.5M | $11.64M | $0 | $0 | -$40K | $1.14M | $0 |