Invesco Municipal Opportunity Trust (NYSE:VMO) Sees Large Volume Increase After Dividend Announcement

Shares of Invesco Municipal Opportunity Trust (NYSE:VMO) saw strong trading volume on Friday after the company announced a dividend. 900,184 shares traded hands during mid-day trading, an increase of 320% from the previous session’s volume of 214,405 shares.The stock last traded at $9.42 and had previously closed at $9.35.

The newly announced dividend which will be paid on Friday, May 31st. Investors of record on Thursday, May 16th will be given a $0.0385 dividend. This represents a $0.46 annualized dividend and a yield of 4.90%. The ex-dividend date of this dividend is Wednesday, May 15th.

Invesco Municipal Opportunity Trust Stock Performance

The company’s 50-day simple moving average is $9.53 and its 200 day simple moving average is $9.29.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. CENTRAL TRUST Co purchased a new position in shares of Invesco Municipal Opportunity Trust during the 1st quarter worth about $29,000. Financial Management Professionals Inc. purchased a new position in shares of Invesco Municipal Opportunity Trust during the first quarter valued at approximately $42,000. Wolverine Asset Management LLC grew its stake in shares of Invesco Municipal Opportunity Trust by 13,407.7% during the third quarter. Wolverine Asset Management LLC now owns 14,048 shares of the investment management company’s stock valued at $116,000 after buying an additional 13,944 shares during the last quarter. Blue Bell Private Wealth Management LLC purchased a new stake in shares of Invesco Municipal Opportunity Trust in the first quarter worth approximately $132,000. Finally, Kestra Private Wealth Services LLC bought a new stake in shares of Invesco Municipal Opportunity Trust during the 3rd quarter worth approximately $139,000. Hedge funds and other institutional investors own 42.57% of the company’s stock.

Invesco Municipal Opportunity Trust Company Profile

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.