Ameriprise Financial Inc. Buys 184,317 Shares of Invesco Municipal Opportunity Trust (NYSE:VMO)

Ameriprise Financial Inc. lifted its stake in Invesco Municipal Opportunity Trust (NYSE:VMO - Free Report) by 160.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 299,320 shares of the investment management company's stock after acquiring an additional 184,317 shares during the period. Ameriprise Financial Inc.'s holdings in Invesco Municipal Opportunity Trust were worth $2,909,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in VMO. Raymond James Financial Inc. bought a new stake in Invesco Municipal Opportunity Trust during the fourth quarter valued at $7,598,000. Robinson Capital Management LLC boosted its stake in Invesco Municipal Opportunity Trust by 44.1% during the fourth quarter. Robinson Capital Management LLC now owns 1,697,121 shares of the investment management company's stock valued at $16,496,000 after buying an additional 519,405 shares during the period. LPL Financial LLC boosted its stake in Invesco Municipal Opportunity Trust by 214.7% during the fourth quarter. LPL Financial LLC now owns 452,242 shares of the investment management company's stock valued at $4,396,000 after buying an additional 308,518 shares during the period. Guggenheim Capital LLC boosted its stake in Invesco Municipal Opportunity Trust by 48.2% during the fourth quarter. Guggenheim Capital LLC now owns 945,263 shares of the investment management company's stock valued at $9,188,000 after buying an additional 307,338 shares during the period. Finally, Rareview Capital LLC boosted its stake in Invesco Municipal Opportunity Trust by 79.9% during the fourth quarter. Rareview Capital LLC now owns 288,132 shares of the investment management company's stock valued at $2,959,000 after buying an additional 127,963 shares during the period. 42.57% of the stock is owned by institutional investors.

Invesco Municipal Opportunity Trust Trading Down 0.3%

NYSE VMO traded down $0.03 during trading hours on Monday, reaching $9.16. 189,955 shares of the stock traded hands, compared to its average volume of 249,407. The stock has a 50 day simple moving average of $9.27 and a two-hundred day simple moving average of $9.59. Invesco Municipal Opportunity Trust has a 1 year low of $8.81 and a 1 year high of $10.39.

Invesco Municipal Opportunity Trust Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Friday, May 30th. Stockholders of record on Friday, May 16th were issued a $0.0625 dividend. The ex-dividend date was Friday, May 16th. This represents a $0.75 annualized dividend and a dividend yield of 8.18%.

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.