Hennion & Walsh Asset Management Inc. trimmed its holdings in Invesco Municipal Opportunity Trust (NYSE:VMO - Free Report) by 18.0% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 1,084,043 shares of the investment management company's stock after selling 237,622 shares during the quarter. Hennion & Walsh Asset Management Inc.'s holdings in Invesco Municipal Opportunity Trust were worth $10,288,000 at the end of the most recent quarter.
Other institutional investors also recently made changes to their positions in the company. Janney Montgomery Scott LLC lifted its stake in Invesco Municipal Opportunity Trust by 59.4% in the fourth quarter. Janney Montgomery Scott LLC now owns 38,618 shares of the investment management company's stock worth $375,000 after purchasing an additional 14,397 shares during the last quarter. Absolute Investment Advisers LLC purchased a new position in shares of Invesco Municipal Opportunity Trust in the fourth quarter worth about $618,000. Live Oak Private Wealth LLC bought a new stake in shares of Invesco Municipal Opportunity Trust in the 4th quarter valued at about $194,000. Van ECK Associates Corp lifted its position in Invesco Municipal Opportunity Trust by 4.4% in the fourth quarter. Van ECK Associates Corp now owns 507,362 shares of the investment management company's stock valued at $4,932,000 after purchasing an additional 21,173 shares during the last quarter. Finally, Venturi Wealth Management LLC boosted its position in Invesco Municipal Opportunity Trust by 885.4% during the 4th quarter. Venturi Wealth Management LLC now owns 6,366 shares of the investment management company's stock valued at $62,000 after buying an additional 5,720 shares during the period. Hedge funds and other institutional investors own 42.57% of the company's stock.
Invesco Municipal Opportunity Trust Stock Up 0.2%
Shares of NYSE VMO traded up $0.02 during trading hours on Wednesday, hitting $9.14. The company's stock had a trading volume of 336,789 shares, compared to its average volume of 250,130. Invesco Municipal Opportunity Trust has a 12 month low of $8.81 and a 12 month high of $10.39. The business has a 50-day simple moving average of $9.26 and a 200-day simple moving average of $9.59.
Invesco Municipal Opportunity Trust Dividend Announcement
The firm also recently disclosed a monthly dividend, which will be paid on Monday, June 30th. Stockholders of record on Tuesday, June 17th will be given a $0.0625 dividend. The ex-dividend date is Tuesday, June 17th. This represents a $0.75 dividend on an annualized basis and a dividend yield of 8.21%.
Invesco Municipal Opportunity Trust Profile
(
Free Report)
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.
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