Invesco Municipal Opportunity Trust (NYSE:VMO - Get Free Report) announced a monthly dividend on Tuesday, June 3rd, Wall Street Journal reports. Investors of record on Tuesday, June 17th will be paid a dividend of 0.0625 per share by the investment management company on Monday, June 30th. This represents a $0.75 annualized dividend and a dividend yield of 8.22%. The ex-dividend date of this dividend is Tuesday, June 17th.
Invesco Municipal Opportunity Trust has increased its dividend by an average of 0.8% per year over the last three years.
Invesco Municipal Opportunity Trust Price Performance
NYSE VMO remained flat at $9.12 during trading on Thursday. 194,465 shares of the company's stock were exchanged, compared to its average volume of 249,925. Invesco Municipal Opportunity Trust has a 1 year low of $8.81 and a 1 year high of $10.39. The stock has a fifty day simple moving average of $9.26 and a 200-day simple moving average of $9.59.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently modified their holdings of VMO. NewEdge Advisors LLC increased its position in Invesco Municipal Opportunity Trust by 7.4% during the first quarter. NewEdge Advisors LLC now owns 57,365 shares of the investment management company's stock worth $544,000 after buying an additional 3,937 shares during the last quarter. Royal Bank of Canada lifted its position in shares of Invesco Municipal Opportunity Trust by 16.9% in the first quarter. Royal Bank of Canada now owns 44,400 shares of the investment management company's stock worth $421,000 after buying an additional 6,422 shares during the last quarter. Finally, Jane Street Group LLC bought a new stake in shares of Invesco Municipal Opportunity Trust during the 1st quarter worth about $156,000. Institutional investors own 42.57% of the company's stock.
About Invesco Municipal Opportunity Trust
(
Get 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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