Invesco Municipal Opportunity Trust (NYSE:VMO) Reaches New 1-Year High at $9.82

Shares of Invesco Municipal Opportunity Trust (NYSE:VMOGet Free Report) reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $9.82 and last traded at $9.81, with a volume of 177733 shares changing hands. The stock had previously closed at $9.57.

Invesco Municipal Opportunity Trust Trading Up 4.0 %

The stock’s 50-day simple moving average is $9.51 and its 200 day simple moving average is $9.44.

Invesco Municipal Opportunity Trust Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, May 31st. Shareholders of record on Thursday, May 16th will be issued a $0.0385 dividend. The ex-dividend date is Wednesday, May 15th. This represents a $0.46 dividend on an annualized basis and a yield of 4.64%.

Institutional Investors Weigh In On Invesco Municipal Opportunity Trust

Several hedge funds and other institutional investors have recently bought and sold shares of VMO. CENTRAL TRUST Co acquired a new stake in shares of Invesco Municipal Opportunity Trust in the 1st quarter valued at about $29,000. Financial Management Professionals Inc. acquired a new stake in Invesco Municipal Opportunity Trust in the first quarter valued at approximately $42,000. Wolverine Asset Management LLC increased its holdings in shares of Invesco Municipal Opportunity Trust by 13,407.7% during the third quarter. Wolverine Asset Management LLC now owns 14,048 shares of the investment management company’s stock valued at $116,000 after acquiring an additional 13,944 shares in the last quarter. Blue Bell Private Wealth Management LLC acquired a new position in shares of Invesco Municipal Opportunity Trust during the first quarter worth approximately $132,000. Finally, Kestra Private Wealth Services LLC bought a new position in shares of Invesco Municipal Opportunity Trust in the 3rd quarter worth $139,000. 42.57% of the stock is owned by institutional investors.

About Invesco Municipal Opportunity Trust

(Get Free Report)

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.

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