Invesco Municipal Opportunity Trust (NYSE:VMO - Get Free Report)'s stock price reached a new 52-week high during trading on Friday . The stock traded as high as $9.82 and last traded at $9.81, with a volume of 177733 shares trading hands. The stock had previously closed at $9.57.
Invesco Municipal Opportunity Trust Trading Up 4.0 %
The company has a fifty day moving average price of $9.51 and a 200 day moving average price of $9.44.
Invesco Municipal Opportunity Trust Increases Dividend
The company also recently declared a monthly dividend, which will be paid on Friday, June 28th. Shareholders of record on Tuesday, June 18th will be paid a dividend of $0.0625 per share. This is a positive change from Invesco Municipal Opportunity Trust's previous monthly dividend of $0.04. This represents a $0.75 dividend on an annualized basis and a yield of 7.54%. The ex-dividend date is Tuesday, June 18th.
Institutional Investors Weigh In On Invesco Municipal Opportunity Trust
A number of institutional investors and hedge funds have recently modified their holdings of the stock. CENTRAL TRUST Co purchased a new stake in shares of Invesco Municipal Opportunity Trust during the first quarter worth $29,000. Financial Management Professionals Inc. acquired a new position in Invesco Municipal Opportunity Trust during the first quarter worth $42,000. Wolverine Asset Management LLC increased its position in Invesco Municipal Opportunity Trust by 13,407.7% during the third quarter. Wolverine Asset Management LLC now owns 14,048 shares of the investment management company's stock worth $116,000 after buying an additional 13,944 shares during the last quarter. Blue Bell Private Wealth Management LLC acquired a new position in Invesco Municipal Opportunity Trust during the first quarter worth $132,000. Finally, Kestra Private Wealth Services LLC acquired a new position in Invesco Municipal Opportunity Trust during the third quarter worth $139,000. Institutional investors and hedge funds 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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