Invesco Municipal Opportunity Trust (NYSE:VMO) Sees Strong Trading Volume

Invesco Municipal Opportunity Trust (NYSE:VMO) saw unusually-high trading volume on Friday . Approximately 162,460 shares were traded during trading, an increase of 29% from the previous session’s volume of 125,738 shares.The stock last traded at $8.79 and had previously closed at $8.80.

Invesco Municipal Opportunity Trust Price Performance

The firm has a 50-day moving average of $9.23 and a 200-day moving average of $9.38.

Invesco Municipal Opportunity Trust Cuts Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be given a dividend of $0.034 per share. This represents a $0.41 annualized dividend and a yield of 4.66%. The ex-dividend date is Thursday, September 14th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Cary Street Partners Investment Advisory LLC lifted its stake in Invesco Municipal Opportunity Trust by 1,257.9% in the 2nd quarter. Cary Street Partners Investment Advisory LLC now owns 4,318 shares of the investment management company’s stock worth $41,000 after purchasing an additional 4,000 shares in the last quarter. Cullen Frost Bankers Inc. acquired a new stake in shares of Invesco Municipal Opportunity Trust during the 2nd quarter worth approximately $49,000. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Invesco Municipal Opportunity Trust by 29.2% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 5,142 shares of the investment management company’s stock worth $51,000 after buying an additional 1,163 shares during the last quarter. Belpointe Asset Management LLC acquired a new stake in shares of Invesco Municipal Opportunity Trust during the 4th quarter worth approximately $71,000. Finally, Nomura Holdings Inc. acquired a new stake in shares of Invesco Municipal Opportunity Trust during the 1st quarter worth approximately $98,000. 28.60% of the stock is owned by hedge funds and other institutional investors.

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.