Invesco Municipal Opportunity Trust (NYSE:VMO - Get Free Report) declared a monthly dividend on Tuesday, June 3rd, Wall Street Journal reports. Stockholders of record on Tuesday, June 17th will be given a dividend of 0.0625 per share by the investment management company on Monday, June 30th. This represents a $0.75 dividend on an annualized basis and a dividend yield of 8.30%. The ex-dividend date is Tuesday, June 17th.
Invesco Municipal Opportunity Trust Stock Performance
VMO stock traded down $0.08 during midday trading on Friday, reaching $9.04. 227,786 shares of the company's stock traded hands, compared to its average volume of 250,422. The firm's fifty day moving average price is $9.24 and its 200-day moving average price is $9.58. Invesco Municipal Opportunity Trust has a 52 week low of $8.81 and a 52 week high of $10.39.
Institutional Trading of Invesco Municipal Opportunity Trust
A number of hedge funds and other institutional investors have recently bought and sold shares of VMO. Royal Bank of Canada increased its stake in Invesco Municipal Opportunity Trust by 16.9% during the 1st quarter. Royal Bank of Canada now owns 44,400 shares of the investment management company's stock valued at $421,000 after purchasing an additional 6,422 shares in the last quarter. NewEdge Advisors LLC lifted its holdings in shares of Invesco Municipal Opportunity Trust by 7.4% in the first quarter. NewEdge Advisors LLC now owns 57,365 shares of the investment management company's stock valued at $544,000 after purchasing an additional 3,937 shares in the last quarter. Finally, Jane Street Group LLC bought a new position in shares of Invesco Municipal Opportunity Trust in the first quarter valued at approximately $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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