Ameriprise Financial Inc. Boosts Holdings in Invesco Municipal Opportunity Trust (NYSE:VMO)

Ameriprise Financial Inc. grew its holdings in shares of Invesco Municipal Opportunity Trust (NYSE:VMO) by 160.3% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 299,320 shares of the investment management company’s stock after acquiring an additional 184,317 shares during the quarter. Ameriprise Financial Inc.’s holdings in Invesco Municipal Opportunity Trust were worth $2,909,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in VMO. Raymond James Financial Inc. bought a new position in shares of Invesco Municipal Opportunity Trust in the fourth quarter worth approximately $7,598,000. Robinson Capital Management LLC grew its holdings in shares of Invesco Municipal Opportunity Trust by 44.1% in the fourth quarter. Robinson Capital Management LLC now owns 1,697,121 shares of the investment management company’s stock worth $16,496,000 after purchasing an additional 519,405 shares during the last quarter. LPL Financial LLC grew its holdings in shares of Invesco Municipal Opportunity Trust by 214.7% in the fourth quarter. LPL Financial LLC now owns 452,242 shares of the investment management company’s stock worth $4,396,000 after purchasing an additional 308,518 shares during the last quarter. Guggenheim Capital LLC grew its holdings in shares of Invesco Municipal Opportunity Trust by 48.2% in the fourth quarter. Guggenheim Capital LLC now owns 945,263 shares of the investment management company’s stock worth $9,188,000 after purchasing an additional 307,338 shares during the last quarter. Finally, Rareview Capital LLC grew its holdings in shares of Invesco Municipal Opportunity Trust by 79.9% in the fourth quarter. Rareview Capital LLC now owns 288,132 shares of the investment management company’s stock worth $2,959,000 after purchasing an additional 127,963 shares during the last quarter. 42.57% 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 $9.14 on Thursday. Invesco Municipal Opportunity Trust has a 52-week low of $8.81 and a 52-week high of $10.39. The company’s 50 day moving average price is $9.29 and its 200-day moving average price is $9.61.

Invesco Municipal Opportunity Trust Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, May 30th. Stockholders of record on Friday, May 16th will be issued a $0.0625 dividend. This represents a $0.75 annualized dividend and a dividend yield of 8.21%. The ex-dividend date of this dividend is Friday, May 16th.

About Invesco Municipal Opportunity Trust

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.