Invesco Municipal Opportunity Trust (NYSE:VMO) Shares Sold by Van ECK Associates Corp

Van ECK Associates Corp trimmed its stake in shares of Invesco Municipal Opportunity Trust (NYSE:VMO) by 0.2% during the third quarter, Holdings Channel reports. The firm owned 486,189 shares of the investment management company’s stock after selling 1,065 shares during the period. Van ECK Associates Corp’s holdings in Invesco Municipal Opportunity Trust were worth $4,828,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. 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 worth $147,000 after purchasing an additional 1,042 shares during the period. Kercheville Advisors LLC raised its position in shares of Invesco Municipal Opportunity Trust by 15.3% during 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. Kingswood Wealth Advisors LLC raised its position in shares of Invesco Municipal Opportunity Trust by 9.2% during the 2nd quarter. Kingswood Wealth Advisors LLC now owns 32,120 shares of the investment management company’s stock worth $324,000 after purchasing an additional 2,715 shares during the period. International Assets Investment Management LLC acquired a new stake in shares of Invesco Municipal Opportunity Trust during the 2nd quarter worth approximately $45,000. Finally, Garner Asset Management Corp raised its position in shares of Invesco Municipal Opportunity Trust by 4.2% during the 1st quarter. Garner Asset Management Corp now owns 113,530 shares of the investment management company’s stock worth $1,105,000 after purchasing an additional 4,575 shares during the period. 42.57% of the stock is currently owned by institutional investors and hedge funds.

Invesco Municipal Opportunity Trust Trading Up 1.2 %

Shares of Invesco Municipal Opportunity Trust stock opened at $10.00 on Friday. Invesco Municipal Opportunity Trust has a twelve month low of $8.52 and a twelve month high of $10.39. The business’s 50 day simple moving average is $10.12 and its 200-day simple moving average is $9.96.

Invesco Municipal Opportunity Trust Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 15th will be given a $0.0625 dividend. This represents a $0.75 annualized dividend and a yield of 7.50%. The ex-dividend date is Friday, November 15th.

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.