Invesco Municipal Opportunity Trust (NYSE:VMO) Shares Cross Below Two Hundred Day Moving Average – Should You Sell?

Invesco Municipal Opportunity Trust (NYSE:VMO)’s stock price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $9.98 and traded as low as $9.71. Invesco Municipal Opportunity Trust shares last traded at $9.73, with a volume of 181,846 shares changing hands.

Invesco Municipal Opportunity Trust Price Performance

The business has a 50 day moving average price of $9.79 and a 200 day moving average price of $9.98.

Invesco Municipal Opportunity Trust Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 17th will be given a dividend of $0.0625 per share. This represents a $0.75 dividend on an annualized basis and a dividend yield of 7.71%. The ex-dividend date is Friday, January 17th.

Institutional Trading of Invesco Municipal Opportunity Trust

Several institutional investors have recently made changes to their positions in the business. HighTower Advisors LLC acquired a new stake in Invesco Municipal Opportunity Trust in the 3rd quarter valued at $496,000. Stifel Financial Corp boosted its stake in shares of Invesco Municipal Opportunity Trust by 35.2% in the 3rd quarter. Stifel Financial Corp now owns 117,063 shares of the investment management company’s stock valued at $1,202,000 after purchasing an additional 30,463 shares in the last quarter. Walleye Capital LLC acquired a new stake in shares of Invesco Municipal Opportunity Trust in the 3rd quarter valued at $164,000. Raymond James & Associates grew its holdings in shares of Invesco Municipal Opportunity Trust by 8.1% in the 3rd quarter. Raymond James & Associates now owns 377,675 shares of the investment management company’s stock worth $3,879,000 after purchasing an additional 28,419 shares during the last quarter. Finally, Quarry LP acquired a new stake in shares of Invesco Municipal Opportunity Trust during the 2nd quarter worth about $328,000. 42.57% of the stock is currently owned by institutional investors and hedge funds.

Invesco Municipal Opportunity Trust Company 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.