PNC Financial Services Group Inc. Has $450,000 Stake in Invesco Municipal Opportunity Trust (NYSE:VMO)

PNC Financial Services Group Inc. reduced its holdings in Invesco Municipal Opportunity Trust (NYSE:VMOFree Report) by 22.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 46,822 shares of the investment management company’s stock after selling 13,657 shares during the period. PNC Financial Services Group Inc. owned 0.07% of Invesco Municipal Opportunity Trust worth $450,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Janney Montgomery Scott LLC increased its position in shares of Invesco Municipal Opportunity Trust by 2.5% in the fourth quarter. Janney Montgomery Scott LLC now owns 53,256 shares of the investment management company’s stock valued at $512,000 after acquiring an additional 1,282 shares during the last quarter. Simon Quick Advisors LLC raised its stake in shares of Invesco Municipal Opportunity Trust by 8.7% during the 4th quarter. Simon Quick Advisors LLC now owns 23,156 shares of the investment management company’s stock worth $223,000 after purchasing an additional 1,847 shares in the last quarter. Summit Trail Advisors LLC boosted its holdings in shares of Invesco Municipal Opportunity Trust by 37.4% in the 4th quarter. Summit Trail Advisors LLC now owns 21,736 shares of the investment management company’s stock valued at $209,000 after buying an additional 5,918 shares during the last quarter. Wolverine Asset Management LLC grew its stake in shares of Invesco Municipal Opportunity Trust by 13,407.7% in 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 in the last quarter. Finally, Kestra Private Wealth Services LLC acquired a new position in Invesco Municipal Opportunity Trust during the third quarter worth $139,000. 42.57% of the stock is owned by institutional investors.

Invesco Municipal Opportunity Trust Stock Down 0.3 %

NYSE VMO opened at $9.74 on Tuesday. The firm’s fifty day moving average price is $9.52 and its two-hundred day moving average price is $9.51. Invesco Municipal Opportunity Trust has a 1 year low of $7.86 and a 1 year high of $9.99.

Invesco Municipal Opportunity Trust Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, June 28th. Stockholders of record on Tuesday, June 18th will be issued a $0.0625 dividend. This represents a $0.75 dividend on an annualized basis and a dividend yield of 7.70%. This is a boost from Invesco Municipal Opportunity Trust’s previous monthly dividend of $0.04. The ex-dividend date is Tuesday, June 18th.

Invesco Municipal Opportunity Trust Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Invesco Municipal Opportunity Trust (NYSE:VMO)

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