48,162 Shares in Invesco Municipal Opportunity Trust (NYSE:VMO) Acquired by HighTower Advisors LLC

HighTower Advisors LLC bought a new position in shares of Invesco Municipal Opportunity Trust (NYSE:VMO) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 48,162 shares of the investment management company’s stock, valued at approximately $496,000.

Several other large investors have also added to or reduced their stakes in VMO. Blue Bell Private Wealth Management LLC raised its position in shares of Invesco Municipal Opportunity Trust by 7.7% during the 2nd quarter. Blue Bell Private Wealth Management LLC now owns 14,601 shares of the investment management company’s stock valued at $147,000 after purchasing an additional 1,042 shares during the period. Kercheville Advisors LLC boosted its holdings in shares of Invesco Municipal Opportunity Trust by 15.3% in the 3rd quarter. Kercheville Advisors LLC now owns 15,067 shares of the investment management company’s stock worth $155,000 after purchasing an additional 2,000 shares during the period. International Assets Investment Management LLC bought a new stake in Invesco Municipal Opportunity Trust in the second quarter worth about $45,000. Concurrent Investment Advisors LLC increased its stake in Invesco Municipal Opportunity Trust by 21.3% in the 3rd quarter. Concurrent Investment Advisors LLC now owns 26,451 shares of the investment management company’s stock worth $272,000 after buying an additional 4,646 shares during the period. Finally, Stratos Wealth Advisors LLC grew its position in shares of Invesco Municipal Opportunity Trust by 7.9% during the 3rd quarter. Stratos Wealth Advisors LLC now owns 94,131 shares of the investment management company’s stock worth $967,000 after buying an additional 6,866 shares in the last quarter. Hedge funds and other institutional investors own 42.57% of the company’s stock.

Invesco Municipal Opportunity Trust Stock Performance

NYSE:VMO opened at $9.50 on Friday. The firm has a 50-day simple moving average of $9.95 and a 200-day simple moving average of $10.04. Invesco Municipal Opportunity Trust has a one year low of $9.16 and a one year high of $10.39.

Invesco Municipal Opportunity Trust Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 17th will be issued a dividend of $0.0625 per share. The ex-dividend date of this dividend is Tuesday, December 17th. This represents a $0.75 dividend on an annualized basis and a yield of 7.89%.

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.