Invesco Municipal Opportunity Trust (NYSE:VMO) Shares Bought by Ameriprise Financial Inc.

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

Several other hedge funds also recently made changes to their positions in the company. Stifel Financial Corp lifted its position in shares of Invesco Municipal Opportunity Trust by 72.3% in the 4th quarter. Stifel Financial Corp now owns 201,656 shares of the investment management company's stock worth $1,960,000 after buying an additional 84,593 shares during the last quarter. NewEdge Advisors LLC raised its stake in Invesco Municipal Opportunity Trust by 8.8% during the fourth quarter. NewEdge Advisors LLC now owns 53,428 shares of the investment management company's stock worth $519,000 after acquiring an additional 4,303 shares during the period. Guggenheim Capital LLC lifted its holdings in 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 acquiring an additional 307,338 shares during the last quarter. Garner Asset Management Corp boosted its stake in Invesco Municipal Opportunity Trust by 1.3% in the fourth quarter. Garner Asset Management Corp now owns 117,254 shares of the investment management company's stock valued at $1,140,000 after acquiring an additional 1,507 shares during the period. Finally, Raymond James Financial Inc. bought a new position in shares of Invesco Municipal Opportunity Trust during the fourth quarter valued at approximately $7,598,000. Institutional investors and hedge funds own 42.57% of the company's stock.

Invesco Municipal Opportunity Trust Stock Up 0.2%

Shares of Invesco Municipal Opportunity Trust stock traded up $0.02 on Friday, reaching $9.19. 239,260 shares of the company were exchanged, compared to its average volume of 249,061. Invesco Municipal Opportunity Trust has a 1-year low of $8.81 and a 1-year high of $10.39. The company's 50-day moving average is $9.27 and its two-hundred day moving average is $9.60.

Invesco Municipal Opportunity Trust Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Friday, May 30th. Shareholders of record on Friday, May 16th will be given a $0.0625 dividend. This represents a $0.75 annualized dividend and a yield of 8.16%. The ex-dividend date is Friday, May 16th.

Invesco Municipal Opportunity Trust 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.