International Assets Investment Management LLC Takes $4.44 Million Position in Invesco Municipal Opportunity Trust (NYSE:VMO)

International Assets Investment Management LLC bought a new stake in Invesco Municipal Opportunity Trust (NYSE:VMO) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 42,665 shares of the investment management company’s stock, valued at approximately $4,440,000.

A number of other institutional investors and hedge funds have also modified their holdings of VMO. Hennion & Walsh Asset Management Inc. boosted its stake in Invesco Municipal Opportunity Trust by 56.2% during the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 760,259 shares of the investment management company’s stock worth $6,257,000 after purchasing an additional 273,585 shares during the last quarter. Bramshill Investments LLC boosted its position in 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 last quarter. AQR Arbitrage LLC grew its stake in Invesco Municipal Opportunity Trust by 95.9% during the 3rd quarter. AQR Arbitrage LLC now owns 453,977 shares of the investment management company’s stock valued at $3,736,000 after acquiring an additional 222,223 shares in the last quarter. Karpus Management Inc. raised its holdings in Invesco Municipal Opportunity Trust by 10.7% in the 3rd quarter. Karpus Management Inc. now owns 1,473,696 shares of the investment management company’s stock valued at $12,129,000 after acquiring an additional 142,880 shares during the last quarter. Finally, Westchester Capital Management LLC purchased a new position in Invesco Municipal Opportunity Trust in the 3rd quarter worth approximately $1,092,000. Hedge funds and other institutional investors own 42.57% of the company’s stock.

Invesco Municipal Opportunity Trust Stock Performance

Shares of Invesco Municipal Opportunity Trust stock opened at $9.63 on Thursday. Invesco Municipal Opportunity Trust has a 1-year low of $7.86 and a 1-year high of $9.80. The stock’s 50 day simple moving average is $9.53 and its 200-day simple moving average is $9.33.

Invesco Municipal Opportunity Trust Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, May 31st. Shareholders of record on Thursday, May 16th will be paid a dividend of $0.0385 per share. This represents a $0.46 dividend on an annualized basis and a yield of 4.80%. The ex-dividend date of this dividend is Wednesday, May 15th.

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.