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

Invesco Municipal Opportunity Trust (NYSE:VMO) saw unusually-high trading volume on Friday following a dividend announcement from the company. Approximately 900,184 shares were traded 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. Stockholders of record on Thursday, May 16th will be issued a $0.0385 dividend. The ex-dividend date is Wednesday, May 15th. This represents a $0.46 annualized dividend and a dividend yield of 4.90%.

Invesco Municipal Opportunity Trust Trading Up 0.7 %

The stock’s 50-day moving average is $9.53 and its two-hundred day moving average is $9.29.

Institutional Investors Weigh In On Invesco Municipal Opportunity Trust

A number of institutional investors have recently modified their holdings of the company. Bramshill Investments LLC increased its position in shares of Invesco Municipal Opportunity Trust by 5.0% during the third quarter. Bramshill Investments LLC now owns 5,103,511 shares of the investment management company’s stock worth $42,002,000 after acquiring an additional 241,379 shares during the period. Karpus Management Inc. grew its stake in Invesco Municipal Opportunity Trust by 41.0% during the 4th quarter. Karpus Management Inc. now owns 2,078,577 shares of the investment management company’s stock worth $19,975,000 after purchasing an additional 604,881 shares in the last quarter. Hennion & Walsh Asset Management Inc. increased its stake in shares of Invesco Municipal Opportunity Trust by 16.5% during the first quarter. Hennion & Walsh Asset Management Inc. now owns 1,263,852 shares of the investment management company’s stock worth $12,297,000 after buying an additional 178,550 shares during the period. Fiera Capital Corp raised its holdings in Invesco Municipal Opportunity Trust by 10.6% in the fourth quarter. Fiera Capital Corp now owns 1,066,784 shares of the investment management company’s stock valued at $10,252,000 after acquiring an additional 101,893 shares in the last quarter. Finally, Robinson Capital Management LLC lifted its stake in Invesco Municipal Opportunity Trust by 193.0% in the fourth quarter. Robinson Capital Management LLC now owns 737,934 shares of the investment management company’s stock worth $7,069,000 after acquiring an additional 486,108 shares during the last quarter. 42.57% of the stock is owned by institutional investors and hedge funds.

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.