Invesco Municipal Opportunity Trust (NYSE:VMO) Shares Acquired by Raymond James Financial Services Advisors Inc.

Raymond James Financial Services Advisors Inc. boosted its position in Invesco Municipal Opportunity Trust (NYSE:VMO – Get Rating) by 13.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 176,516 shares of the investment management company’s stock after buying an additional 20,999 shares during the quarter. Raymond James Financial Services Advisors Inc. owned 0.26% of Invesco Municipal Opportunity Trust worth $1,749,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in VMO. Summit Trail Advisors LLC lifted its stake in shares of Invesco Municipal Opportunity Trust by 78.5% in the fourth quarter. Summit Trail Advisors LLC now owns 26,677 shares of the investment management company’s stock worth $264,000 after acquiring an additional 11,733 shares in the last quarter. Wakefield Asset Management LLLP acquired a new stake in shares of Invesco Municipal Opportunity Trust during the fourth quarter worth approximately $1,765,000. Fiera Capital Corp increased its stake in shares of Invesco Municipal Opportunity Trust by 95.1% in the fourth quarter. Fiera Capital Corp now owns 852,130 shares of the investment management company’s stock worth $8,445,000 after buying an additional 415,296 shares during the last quarter. Robinson Capital Management LLC raised its holdings in Invesco Municipal Opportunity Trust by 0.9% in the third quarter. Robinson Capital Management LLC now owns 184,028 shares of the investment management company’s stock valued at $1,684,000 after acquiring an additional 1,600 shares in the last quarter. Finally, Melfa Wealth Management LLC bought a new position in Invesco Municipal Opportunity Trust during the 4th quarter valued at $516,000. 22.28% of the stock is owned by hedge funds and other institutional investors.

Invesco Municipal Opportunity Trust Stock Performance

Shares of Invesco Municipal Opportunity Trust stock opened at $9.17 on Friday. Invesco Municipal Opportunity Trust has a 1 year low of $8.70 and a 1 year high of $10.91. The firm’s 50-day simple moving average is $9.51 and its 200-day simple moving average is $9.59.

Invesco Municipal Opportunity Trust Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Wednesday, May 31st. Shareholders of record on Monday, May 15th will be issued a dividend of $0.0358 per share. This represents a $0.43 dividend on an annualized basis and a yield of 4.68%. The ex-dividend date is Friday, May 12th.

About Invesco Municipal Opportunity Trust

(Get Rating)

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.