Invesco Municipal Opportunity Trust (NYSE:VMO) Sees Strong Trading Volume

by · The Cerbat Gem

Invesco Municipal Opportunity Trust (NYSE:VMO – Get Free Report) shares saw strong trading volume on Thursday . 251,468 shares were traded during mid-day trading, an increase of 62% from the previous session’s volume of 155,704 shares.The stock last traded at $9.51 and had previously closed at $9.48.

Invesco Municipal Opportunity Trust Stock Up 0.2 %

The stock’s 50 day moving average price is $8.80 and its two-hundred day moving average price is $9.00.

Invesco Municipal Opportunity Trust Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 15th will be given a dividend of $0.034 per share. This represents a $0.41 annualized dividend and a yield of 4.29%. The ex-dividend date of this dividend is Thursday, December 14th.

Hedge Funds Weigh In On Invesco Municipal Opportunity Trust

Several hedge funds have recently bought and sold shares of VMO. Envestnet Asset Management Inc. increased its position in Invesco Municipal Opportunity Trust by 74.0% during the first quarter. Envestnet Asset Management Inc. now owns 28,338 shares of the investment management company’s stock worth $324,000 after buying an additional 12,052 shares during the last quarter. Raymond James & Associates boosted its holdings in Invesco Municipal Opportunity Trust by 3.0% during the first quarter. Raymond James & Associates now owns 358,056 shares of the investment management company’s stock valued at $4,100,000 after acquiring an additional 10,425 shares during the period. Bank of Montreal Can bought a new stake in Invesco Municipal Opportunity Trust during the first quarter valued at about $349,000. Worth Asset Management LLC bought a new stake in Invesco Municipal Opportunity Trust during the first quarter valued at about $155,000. Finally, Invesco Ltd. boosted its holdings in Invesco Municipal Opportunity Trust by 1.6% during the first quarter. Invesco Ltd. now owns 130,219 shares of the investment management company’s stock valued at $1,491,000 after acquiring an additional 2,064 shares during the period. 28.60% of the stock is owned by institutional investors and hedge funds.

About Invesco Municipal Opportunity Trust

(Get Free Report)

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.

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