HighTower Advisors LLC Makes New $496,000 Investment in Invesco Municipal Opportunity Trust (NYSE:VMO)

HighTower Advisors LLC purchased a new stake in shares of Invesco Municipal Opportunity Trust (NYSE:VMO) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 48,162 shares of the investment management company’s stock, valued at approximately $496,000.

Other institutional investors have also modified their holdings of the company. International Assets Investment Management LLC purchased a new stake in Invesco Municipal Opportunity Trust during the second quarter valued at approximately $45,000. Encompass More Asset Management acquired a new position in shares of Invesco Municipal Opportunity Trust during the third quarter worth $133,000. Choreo LLC acquired a new position in shares of Invesco Municipal Opportunity Trust during the second quarter worth $139,000. Blue Bell Private Wealth Management LLC lifted its holdings 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 last quarter. Finally, Kercheville Advisors LLC boosted its position 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 in the last quarter. 42.57% of the stock is currently owned by institutional investors.

Invesco Municipal Opportunity Trust Stock Down 0.1 %

Shares of NYSE:VMO opened at $9.50 on Friday. The business’s 50-day moving average is $9.95 and its 200 day moving average is $10.04. Invesco Municipal Opportunity Trust has a 1 year low of $9.16 and a 1 year high of $10.39.

Invesco Municipal Opportunity Trust Announces Dividend

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 is Tuesday, December 17th. This represents a $0.75 annualized dividend and a dividend 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.