Saba Capital Management L.P. Cuts Stake in Invesco Municipal Opportunity Trust (NYSE:VMO)

Saba Capital Management L.P. cut its holdings in Invesco Municipal Opportunity Trust (NYSE:VMO - Free Report) by 64.9% in the 4th quarter, according to its most recent 13F filing with the 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 reporting period.

Several other institutional investors also recently bought and sold shares of VMO. Venturi Wealth Management LLC boosted its holdings in Invesco Municipal Opportunity Trust by 885.4% in the fourth quarter. Venturi Wealth Management LLC now owns 6,366 shares of the investment management company's stock valued at $62,000 after acquiring an additional 5,720 shares during the last quarter. Avior Wealth Management LLC raised its holdings in shares of Invesco Municipal Opportunity Trust by 668.4% in 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 acquired a new position in shares of Invesco Municipal Opportunity Trust in the 4th quarter valued at about $152,000. Live Oak Private Wealth LLC acquired a new position in shares of Invesco Municipal Opportunity Trust in the 4th quarter valued at about $194,000. Finally, Nomura Holdings Inc. purchased a new stake in shares of Invesco Municipal Opportunity Trust during the 4th quarter worth about $202,000. 42.57% of the stock is currently owned by institutional investors and hedge funds.

Invesco Municipal Opportunity Trust Stock Down 0.4%

VMO traded down $0.04 on Tuesday, reaching $9.22. 198,468 shares of the company's stock were exchanged, compared to its average volume of 250,532. Invesco Municipal Opportunity Trust has a twelve month low of $8.81 and a twelve month high of $10.39. The company's 50 day moving average is $9.34 and its 200-day moving average is $9.65.

Invesco Municipal Opportunity Trust Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, May 30th. Shareholders of record on Friday, May 16th will be paid a dividend of $0.0625 per share. The ex-dividend date of this dividend is Friday, May 16th. This represents a $0.75 annualized dividend and a yield of 8.13%.

About Invesco Municipal Opportunity Trust

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.