Choreo LLC Purchases Shares of 13,826 Invesco Municipal Opportunity Trust (NYSE:VMO)

Choreo LLC acquired a new stake in shares of Invesco Municipal Opportunity Trust (NYSE:VMO) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 13,826 shares of the investment management company’s stock, valued at approximately $139,000.

Several other large investors have also recently modified their holdings of the stock. Karpus Management Inc. increased its stake in shares of Invesco Municipal Opportunity Trust by 1.2% in the first quarter. Karpus Management Inc. now owns 2,103,335 shares of the investment management company’s stock worth $20,465,000 after buying an additional 24,758 shares during the period. Hennion & Walsh Asset Management Inc. increased its stake in shares of Invesco Municipal Opportunity Trust by 19.5% in the second quarter. Hennion & Walsh Asset Management Inc. now owns 1,510,686 shares of the investment management company’s stock worth $15,228,000 after buying an additional 246,834 shares during the period. Robinson Capital Management LLC increased its stake in shares of Invesco Municipal Opportunity Trust by 4.1% in the first quarter. Robinson Capital Management LLC now owns 768,126 shares of the investment management company’s stock worth $7,171,000 after buying an additional 30,192 shares during the period. Van ECK Associates Corp increased its stake in shares of Invesco Municipal Opportunity Trust by 4.1% in the first quarter. Van ECK Associates Corp now owns 529,667 shares of the investment management company’s stock worth $5,154,000 after buying an additional 20,690 shares during the period. Finally, Raymond James & Associates increased its stake in shares of Invesco Municipal Opportunity Trust by 2.2% in the second quarter. Raymond James & Associates now owns 349,256 shares of the investment management company’s stock worth $3,520,000 after buying an additional 7,465 shares during the period. Hedge funds and other institutional investors own 42.57% of the company’s stock.

Invesco Municipal Opportunity Trust Price Performance

Shares of NYSE VMO opened at $10.28 on Friday. Invesco Municipal Opportunity Trust has a 52 week low of $7.86 and a 52 week high of $10.39. The firm’s fifty day moving average is $10.10 and its 200 day moving average is $9.84.

Invesco Municipal Opportunity Trust Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, September 30th. Investors of record on Tuesday, September 17th will be paid a $0.0625 dividend. This represents a $0.75 annualized dividend and a dividend yield of 7.30%. The ex-dividend date is Tuesday, September 17th.

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.