Belpointe Asset Management LLC Invests $71,000 in Invesco Municipal Opportunity Trust (NYSE:VMO)

Belpointe Asset Management LLC acquired a new stake in Invesco Municipal Opportunity Trust (NYSE:VMO – Get Rating) during the fourth quarter, Holdings Channel.com reports. The firm acquired 7,200 shares of the investment management company’s stock, valued at approximately $71,000.

Other institutional investors have also modified their holdings of the company. Nomura Holdings Inc. acquired a new position in shares of Invesco Municipal Opportunity Trust during the 2nd quarter worth about $104,000. Prelude Capital Management LLC acquired a new stake in Invesco Municipal Opportunity Trust during the 2nd quarter worth $109,000. Berkeley Capital Partners LLC lifted its position in Invesco Municipal Opportunity Trust by 19.3% in the third quarter. Berkeley Capital Partners LLC now owns 12,387 shares of the investment management company’s stock valued at $113,000 after acquiring an additional 2,000 shares during the last quarter. Wetherby Asset Management Inc. acquired a new position in Invesco Municipal Opportunity Trust in the first quarter valued at $121,000. Finally, Summit Trail Advisors LLC purchased a new position in shares of Invesco Municipal Opportunity Trust during the third quarter worth about $136,000. 22.28% of the stock is owned by hedge funds and other institutional investors.

Invesco Municipal Opportunity Trust Price Performance

Invesco Municipal Opportunity Trust stock opened at $9.27 on Monday. Invesco Municipal Opportunity Trust has a fifty-two week low of $8.70 and a fifty-two week high of $10.91. The stock has a 50-day simple moving average of $9.53 and a 200-day simple moving average of $9.59.

Invesco Municipal Opportunity Trust Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, May 31st. Investors of record on Monday, May 15th will be paid a dividend of $0.0358 per share. This represents a $0.43 dividend on an annualized basis and a yield of 4.63%. The ex-dividend date is Friday, May 12th.

About Invesco Municipal Opportunity Trust

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Invesco Municipal Opportunity Trust is a closed-end Investment Fund and Investment Trust. Its investment objective is to provide a high level of current income exempt from federal income tax, consistent with preservation of capital. The fund was founded on April 24, 1992 and is headquartered in Atlanta, GA.