Invesco Municipal Opportunity Trust (NYSE:VMO) Shares Sold by Hennion & Walsh Asset Management Inc.

Hennion & Walsh Asset Management Inc. lowered its stake in Invesco Municipal Opportunity Trust (NYSE:VMO - Free Report) by 18.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,084,043 shares of the investment management company's stock after selling 237,622 shares during the period. Hennion & Walsh Asset Management Inc.'s holdings in Invesco Municipal Opportunity Trust were worth $10,288,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the stock. Nomura Holdings Inc. acquired a new stake in shares of Invesco Municipal Opportunity Trust during the 4th quarter worth about $202,000. Nuveen Asset Management LLC raised its position in shares of Invesco Municipal Opportunity Trust by 12.4% during the 4th quarter. Nuveen Asset Management LLC now owns 77,986 shares of the investment management company's stock worth $758,000 after acquiring an additional 8,600 shares in the last quarter. Ameriprise Financial Inc. raised its position in shares of Invesco Municipal Opportunity Trust by 160.3% during the 4th quarter. Ameriprise Financial Inc. now owns 299,320 shares of the investment management company's stock worth $2,909,000 after acquiring an additional 184,317 shares in the last quarter. Stifel Financial Corp raised its position in shares of Invesco Municipal Opportunity Trust by 72.3% during the 4th quarter. Stifel Financial Corp now owns 201,656 shares of the investment management company's stock worth $1,960,000 after acquiring an additional 84,593 shares in the last quarter. Finally, NewEdge Advisors LLC raised its position in shares of Invesco Municipal Opportunity Trust by 8.8% during the 4th 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 in the last quarter. Institutional investors and hedge funds own 42.57% of the company's stock.

Invesco Municipal Opportunity Trust Price Performance

Shares of NYSE VMO traded down $0.08 during midday trading on Friday, hitting $9.04. 227,786 shares of the company's stock were exchanged, compared to its average volume of 250,422. Invesco Municipal Opportunity Trust has a twelve month low of $8.81 and a twelve month high of $10.39. The firm's fifty day simple moving average is $9.24 and its 200-day simple moving average is $9.58.

Invesco Municipal Opportunity Trust Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, June 30th. Shareholders of record on Tuesday, June 17th will be given a dividend of $0.0625 per share. This represents a $0.75 annualized dividend and a yield of 8.30%. The ex-dividend date of this dividend 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.