Invesco Municipal Opportunity Trust (NYSE:VMO) Stock Crosses Above Fifty Day Moving Average of $9.59

Invesco Municipal Opportunity Trust (NYSE:VMO)’s stock price crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $9.59 and traded as high as $10.03. Invesco Municipal Opportunity Trust shares last traded at $10.01, with a volume of 137,277 shares.

Invesco Municipal Opportunity Trust Trading Up 0.4 %

The stock’s fifty day simple moving average is $9.59 and its two-hundred day simple moving average is $9.57.

Invesco Municipal Opportunity Trust Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, June 28th. Shareholders of record on Tuesday, June 18th will be issued a dividend of $0.0625 per share. This represents a $0.75 dividend on an annualized basis and a dividend yield of 7.49%. This is a boost from Invesco Municipal Opportunity Trust’s previous monthly dividend of $0.04. The ex-dividend date is Tuesday, June 18th.

Institutional Trading of Invesco Municipal Opportunity Trust

A number of institutional investors and hedge funds have recently modified their holdings of the business. Cetera Investment Advisers raised its holdings in shares of Invesco Municipal Opportunity Trust by 1,735.6% during the first quarter. Cetera Investment Advisers now owns 221,889 shares of the investment management company’s stock worth $2,159,000 after purchasing an additional 209,801 shares during the period. Garner Asset Management Corp grew its position in shares of Invesco Municipal Opportunity Trust by 4.2% during the first quarter. Garner Asset Management Corp now owns 113,530 shares of the investment management company’s stock worth $1,105,000 after acquiring an additional 4,575 shares during the last quarter. B. Riley Wealth Advisors Inc. bought a new position in shares of Invesco Municipal Opportunity Trust during the first quarter worth about $180,000. Robinson Capital Management LLC grew its position in shares of Invesco Municipal Opportunity Trust by 4.1% during the first quarter. Robinson Capital Management LLC now owns 768,126 shares of the investment management company’s stock worth $7,171,000 after acquiring an additional 30,192 shares during the last quarter. Finally, Karpus Management Inc. grew its position in shares of Invesco Municipal Opportunity Trust by 1.2% during the first quarter. Karpus Management Inc. now owns 2,103,335 shares of the investment management company’s stock worth $20,465,000 after acquiring an additional 24,758 shares during the last quarter. 42.57% of the stock is 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.