PNC Financial Services Group Inc. Decreases Stake in Invesco Municipal Opportunity Trust (NYSE:VMO)

PNC Financial Services Group Inc. lowered its position in Invesco Municipal Opportunity Trust (NYSE:VMO) by 22.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 46,822 shares of the investment management company’s stock after selling 13,657 shares during the quarter. PNC Financial Services Group Inc. owned approximately 0.07% of Invesco Municipal Opportunity Trust worth $450,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in VMO. Saba Capital Management L.P. purchased a new position in Invesco Municipal Opportunity Trust in the third quarter worth approximately $972,000. AQR Arbitrage LLC raised its holdings in 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 purchasing an additional 222,223 shares in the last quarter. Kingswood Wealth Advisors LLC acquired a new stake in Invesco Municipal Opportunity Trust during the fourth quarter worth approximately $207,000. Simon Quick Advisors LLC raised its holdings in 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 purchasing an additional 1,847 shares in the last quarter. Finally, International Assets Investment Management LLC acquired a new stake in Invesco Municipal Opportunity Trust during the fourth quarter worth approximately $4,440,000. Hedge funds and other institutional investors own 42.57% of the company’s stock.

Invesco Municipal Opportunity Trust Price Performance

VMO stock opened at $10.11 on Friday. Invesco Municipal Opportunity Trust has a twelve month low of $7.86 and a twelve month high of $10.11. The company’s 50 day moving average is $9.69 and its two-hundred day moving average is $9.60.

Invesco Municipal Opportunity Trust Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, June 28th. Shareholders of record on Tuesday, June 18th will be issued a dividend of $0.0625 per share. The ex-dividend date is Tuesday, June 18th. This represents a $0.75 dividend on an annualized basis and a yield of 7.42%. This is a boost from Invesco Municipal Opportunity Trust’s previous monthly dividend of $0.04.

Invesco Municipal Opportunity Trust Profile

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.