Commonwealth Equity Services LLC Buys 49,374 Shares of Invesco Municipal Opportunity Trust (NYSE:VMO)

Commonwealth Equity Services LLC grew its stake in shares of Invesco Municipal Opportunity Trust (NYSE:VMO – Get Rating) by 81.7% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 109,778 shares of the investment management company’s stock after acquiring an additional 49,374 shares during the period. Commonwealth Equity Services LLC owned about 0.16% of Invesco Municipal Opportunity Trust worth $1,087,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of VMO. Nomura Holdings Inc. bought a new position in Invesco Municipal Opportunity Trust in the 2nd quarter valued at $104,000. Prelude Capital Management LLC bought a new stake in shares of Invesco Municipal Opportunity Trust during the 2nd quarter worth $109,000. Berkeley Capital Partners LLC lifted its stake 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 worth $113,000 after purchasing an additional 2,000 shares during the last quarter. Wetherby Asset Management Inc. bought a new stake in Invesco Municipal Opportunity Trust in the first quarter worth $121,000. Finally, Summit Trail Advisors LLC bought a new stake in Invesco Municipal Opportunity Trust in the third quarter worth $136,000. 22.28% of the stock is owned by institutional investors.

Invesco Municipal Opportunity Trust Price Performance

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

Invesco Municipal Opportunity Trust Announces Dividend

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

Invesco Municipal Opportunity Trust Company Profile

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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.