Invesco Municipal Opportunity Trust (NYSE:VMO) Shares Sold by Bank of America Corp DE

Bank of America Corp DE trimmed its stake in shares of Invesco Municipal Opportunity Trust (NYSE:VMO) by 11.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 27,818 shares of the investment management company’s stock after selling 3,547 shares during the quarter. Bank of America Corp DE’s holdings in Invesco Municipal Opportunity Trust were worth $270,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in the stock. Raymond James Financial Inc. bought a new position in Invesco Municipal Opportunity Trust during the fourth quarter valued at about $7,598,000. Robinson Capital Management LLC boosted its position in shares of Invesco Municipal Opportunity Trust by 44.1% during the 4th quarter. Robinson Capital Management LLC now owns 1,697,121 shares of the investment management company’s stock valued at $16,496,000 after purchasing an additional 519,405 shares in the last quarter. LPL Financial LLC grew its stake in shares of Invesco Municipal Opportunity Trust by 214.7% in the 4th 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 raised its holdings in shares of Invesco Municipal Opportunity Trust by 48.2% in the 4th 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 in the last quarter. Finally, Ameriprise Financial Inc. lifted its stake in Invesco Municipal Opportunity Trust by 160.3% during the fourth quarter. Ameriprise Financial Inc. now owns 299,320 shares of the investment management company’s stock valued at $2,909,000 after purchasing an additional 184,317 shares during the last quarter. 42.57% of the stock is owned by institutional investors and hedge funds.

Invesco Municipal Opportunity Trust Stock Performance

Shares of NYSE:VMO opened at $9.06 on Friday. Invesco Municipal Opportunity Trust has a 1-year low of $8.81 and a 1-year high of $10.39. The company has a 50 day moving average price of $9.21 and a 200 day moving average price of $9.54.

Invesco Municipal Opportunity Trust Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, June 30th. Investors of record on Tuesday, June 17th will be issued a $0.0625 dividend. This represents a $0.75 dividend on an annualized basis and a dividend yield of 8.28%. The ex-dividend date is Tuesday, June 17th.

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.