Invesco Municipal Opportunity Trust (NYSE:VMO) Stock Price Crosses Above 50-Day Moving Average of $9.59

Invesco Municipal Opportunity Trust (NYSE:VMOGet Free Report) passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $9.59 and traded as high as $10.03. Invesco Municipal Opportunity Trust shares last traded at $10.01, with a volume of 137,277 shares.

Invesco Municipal Opportunity Trust Stock Down 0.1 %

The firm’s fifty day moving average is $9.62 and its 200 day moving average is $9.58.

Invesco Municipal Opportunity Trust Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, June 28th. Investors of record on Tuesday, June 18th will be issued a $0.0625 dividend. This represents a $0.75 annualized dividend and a yield of 7.50%. The ex-dividend date of this dividend is Tuesday, June 18th. This is a positive change from Invesco Municipal Opportunity Trust’s previous monthly dividend of $0.04.

Institutional Investors Weigh In On Invesco Municipal Opportunity Trust

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Wolverine Asset Management LLC grew its holdings in shares of 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 in the last quarter. Saba Capital Management L.P. purchased a new stake in shares of Invesco Municipal Opportunity Trust during the third quarter worth $972,000. AQR Arbitrage LLC grew its holdings in shares of Invesco Municipal Opportunity Trust by 95.9% during the third quarter. AQR Arbitrage LLC now owns 453,977 shares of the investment management company’s stock worth $3,736,000 after buying an additional 222,223 shares in the last quarter. Kingswood Wealth Advisors LLC purchased a new stake in shares of Invesco Municipal Opportunity Trust during the fourth quarter worth $207,000. Finally, Simon Quick Advisors LLC grew its holdings in shares of Invesco Municipal Opportunity Trust by 8.7% during the fourth quarter. Simon Quick Advisors LLC now owns 23,156 shares of the investment management company’s stock worth $223,000 after buying an additional 1,847 shares in the last quarter. Hedge funds and other institutional investors own 42.57% of the company’s stock.

Invesco Municipal Opportunity Trust Company Profile

(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.

Further Reading

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