16,865 Shares in Invesco Municipal Opportunity Trust (NYSE:VMO) Bought by Kestra Private Wealth Services LLC

Kestra Private Wealth Services LLC bought a new stake in Invesco Municipal Opportunity Trust (NYSE:VMOFree Report) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 16,865 shares of the investment management company’s stock, valued at approximately $139,000.

A number of other large investors also recently bought and sold shares of the stock. Envestnet Asset Management Inc. increased its stake 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 purchasing an additional 12,052 shares during the period. Raymond James & Associates increased its stake 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 worth $4,100,000 after purchasing an additional 10,425 shares during the period. Bank of Montreal Can purchased a new stake in Invesco Municipal Opportunity Trust during the first quarter worth about $349,000. Worth Asset Management LLC purchased a new stake in Invesco Municipal Opportunity Trust during the first quarter worth about $155,000. Finally, Invesco Ltd. increased its stake 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 worth $1,491,000 after purchasing an additional 2,064 shares during the period. Institutional investors and hedge funds own 28.60% of the company’s stock.

Invesco Municipal Opportunity Trust Stock Performance

VMO stock opened at $9.63 on Monday. The company’s 50 day moving average price is $9.49 and its 200 day moving average price is $9.01. Invesco Municipal Opportunity Trust has a fifty-two week low of $7.86 and a fifty-two week high of $10.08.

Invesco Municipal Opportunity Trust Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Thursday, February 29th. Investors of record on Friday, February 16th will be paid a dividend of $0.0385 per share. This represents a $0.46 dividend on an annualized basis and a dividend yield of 4.80%. This is a positive change from Invesco Municipal Opportunity Trust’s previous monthly dividend of $0.03. The ex-dividend date is Thursday, February 15th.

Invesco Municipal Opportunity Trust Company Profile

(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.

Further Reading

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Institutional Ownership by Quarter for Invesco Municipal Opportunity Trust (NYSE:VMO)

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