Saba Capital Management L.P. reduced its position in shares of Invesco Municipal Opportunity Trust (NYSE:VMO - Free Report) by 64.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,180,578 shares of the investment management company's stock after selling 4,039,762 shares during the period. Saba Capital Management L.P.'s holdings in Invesco Municipal Opportunity Trust were worth $21,195,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also modified their holdings of the company. Venturi Wealth Management LLC boosted its position in Invesco Municipal Opportunity Trust by 885.4% during the fourth quarter. Venturi Wealth Management LLC now owns 6,366 shares of the investment management company's stock worth $62,000 after acquiring an additional 5,720 shares during the last quarter. Avior Wealth Management LLC lifted its stake in shares of Invesco Municipal Opportunity Trust by 668.4% during the 4th quarter. Avior Wealth Management LLC now owns 8,491 shares of the investment management company's stock worth $83,000 after purchasing an additional 7,386 shares during the period. Permanent Capital Management LP purchased a new position in shares of Invesco Municipal Opportunity Trust during the 4th quarter worth $152,000. Live Oak Private Wealth LLC acquired a new stake in shares of Invesco Municipal Opportunity Trust during the fourth quarter worth $194,000. Finally, Nomura Holdings Inc. purchased a new stake in shares of Invesco Municipal Opportunity Trust in the fourth quarter valued at $202,000. 42.57% of the stock is currently owned by hedge funds and other institutional investors.
Invesco Municipal Opportunity Trust Stock Performance
Invesco Municipal Opportunity Trust stock traded down $0.02 during trading on Thursday, hitting $9.11. The company's stock had a trading volume of 126,673 shares, compared to its average volume of 250,350. The stock's fifty day moving average is $9.33 and its 200 day moving average is $9.64. Invesco Municipal Opportunity Trust has a 1-year low of $8.81 and a 1-year high of $10.39.
Invesco Municipal Opportunity Trust Dividend Announcement
The firm also recently declared a monthly dividend, which will be paid on Friday, May 30th. Shareholders of record on Friday, May 16th will be issued a $0.0625 dividend. This represents a $0.75 annualized dividend and a yield of 8.24%. The ex-dividend date of this dividend is Friday, May 16th.
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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