Invesco Municipal Opportunity Trust (NYSE:VMO) Share Price Crosses Below 50 Day Moving Average of $10.37

Invesco Municipal Opportunity Trust (NYSE:VMOGet Rating)’s share price crossed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $10.37 and traded as low as $9.76. Invesco Municipal Opportunity Trust shares last traded at $9.85, with a volume of 125,036 shares changing hands.

The business has a 50-day moving average of $10.37 and a 200 day moving average of $11.68.

The business also recently declared a monthly dividend, which will be paid on Thursday, June 30th. Shareholders of record on Wednesday, June 15th will be given a $0.0491 dividend. This represents a $0.59 dividend on an annualized basis and a yield of 5.98%. The ex-dividend date is Tuesday, June 14th.

A number of institutional investors and hedge funds have recently modified their holdings of VMO. UBS Group AG increased its position in Invesco Municipal Opportunity Trust by 3.2% in the third quarter. UBS Group AG now owns 1,688,110 shares of the investment management company’s stock worth $23,110,000 after buying an additional 53,042 shares in the last quarter. National Asset Management Inc. bought a new position in shares of Invesco Municipal Opportunity Trust in the third quarter worth about $210,000. Cetera Advisor Networks LLC boosted its stake in shares of Invesco Municipal Opportunity Trust by 5.9% in the third quarter. Cetera Advisor Networks LLC now owns 75,699 shares of the investment management company’s stock worth $1,036,000 after acquiring an additional 4,225 shares during the period. Moors & Cabot Inc. bought a new position in shares of Invesco Municipal Opportunity Trust in the third quarter worth about $264,000. Finally, TNF LLC bought a new position in shares of Invesco Municipal Opportunity Trust in the third quarter worth about $139,000.

Invesco Municipal Opportunity Trust Company Profile (NYSE:VMO)

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.

Read More

Want More Great Investing Ideas?

Receive News & Ratings for Invesco Municipal Opportunity Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invesco Municipal Opportunity Trust and related companies with MarketBeat.com's FREE daily email newsletter.