Invesco Municipal Opportunity Trust (NYSE:VMO) Shares Purchased by Stifel Financial Corp

Stifel Financial Corp raised its position in Invesco Municipal Opportunity Trust (NYSE:VMO) by 35.2% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 117,063 shares of the investment management company’s stock after purchasing an additional 30,463 shares during the period. Stifel Financial Corp’s holdings in Invesco Municipal Opportunity Trust were worth $1,202,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Rivernorth Capital Management LLC lifted its stake in shares of Invesco Municipal Opportunity Trust by 26.2% during the third quarter. Rivernorth Capital Management LLC now owns 2,367,527 shares of the investment management company’s stock valued at $24,315,000 after buying an additional 491,922 shares during the period. HighTower Advisors LLC purchased a new position in shares of Invesco Municipal Opportunity Trust during the 3rd quarter worth $496,000. Encompass More Asset Management acquired a new stake in shares of Invesco Municipal Opportunity Trust during the third quarter worth $133,000. Walleye Capital LLC purchased a new stake in shares of Invesco Municipal Opportunity Trust in the third quarter valued at $164,000. Finally, Concurrent Investment Advisors LLC grew its position in shares of Invesco Municipal Opportunity Trust by 21.3% in the third quarter. Concurrent Investment Advisors LLC now owns 26,451 shares of the investment management company’s stock valued at $272,000 after purchasing an additional 4,646 shares during the period. 42.57% of the stock is owned by institutional investors and hedge funds.

Invesco Municipal Opportunity Trust Trading Down 0.1 %

NYSE VMO opened at $9.50 on Monday. The business’s 50-day moving average price is $9.95 and its 200 day moving average price is $10.05. Invesco Municipal Opportunity Trust has a twelve month low of $9.16 and a twelve month high of $10.39.

Invesco Municipal Opportunity Trust Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, December 31st. Stockholders 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 annualized dividend and a dividend yield of 7.89%.

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.