Raymond James & Associates Buys 34,104 Shares of Invesco Municipal Opportunity Trust (NYSE:VMO)

Raymond James & Associates grew its stake in Invesco Municipal Opportunity Trust (NYSE:VMO – Get Rating) by 8.7% in the 4th quarter, Holdings Channel reports. The firm owned 428,242 shares of the investment management company’s stock after purchasing an additional 34,104 shares during the period. Raymond James & Associates’ holdings in Invesco Municipal Opportunity Trust were worth $4,244,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of VMO. Envestnet Asset Management Inc. lifted its stake in shares of Invesco Municipal Opportunity Trust by 74.0% in the 1st quarter. Envestnet Asset Management Inc. now owns 28,338 shares of the investment management company’s stock valued at $324,000 after purchasing an additional 12,052 shares during the period. Bank of Montreal Can purchased a new position in Invesco Municipal Opportunity Trust during the first quarter valued at $349,000. Worth Asset Management LLC bought a new stake in shares of Invesco Municipal Opportunity Trust during the 1st quarter valued at $155,000. Invesco Ltd. grew its position in shares of Invesco Municipal Opportunity Trust by 1.6% in the 1st quarter. Invesco Ltd. now owns 130,219 shares of the investment management company’s stock worth $1,491,000 after buying an additional 2,064 shares during the period. Finally, Wetherby Asset Management Inc. bought a new position in shares of Invesco Municipal Opportunity Trust in the 1st quarter worth about $121,000. 22.28% of the stock is owned by hedge funds and other institutional investors.

Invesco Municipal Opportunity Trust Price Performance

Shares of NYSE VMO opened at $9.06 on Thursday. Invesco Municipal Opportunity Trust has a 1 year low of $8.70 and a 1 year high of $10.91. The firm has a 50-day moving average of $9.51 and a 200 day moving average of $9.60.

Invesco Municipal Opportunity Trust Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, May 31st. Stockholders of record on Monday, May 15th will be given a $0.0358 dividend. The ex-dividend date of this dividend is Friday, May 12th. This represents a $0.43 dividend on an annualized basis and a dividend yield of 4.74%.

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.