Concurrent Investment Advisors LLC Purchases 4,646 Shares of Invesco Municipal Opportunity Trust (NYSE:VMO)

Concurrent Investment Advisors LLC increased its position in Invesco Municipal Opportunity Trust (NYSE:VMO) by 21.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 26,451 shares of the investment management company’s stock after purchasing an additional 4,646 shares during the period. Concurrent Investment Advisors LLC’s holdings in Invesco Municipal Opportunity Trust were worth $272,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. International Assets Investment Management LLC purchased a new position in Invesco Municipal Opportunity Trust during the second quarter valued at $45,000. Choreo LLC purchased a new position in shares of Invesco Municipal Opportunity Trust in the 2nd quarter worth about $139,000. Blue Bell Private Wealth Management LLC grew its position in 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. Kercheville Advisors LLC grew its position in 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 valued at $155,000 after purchasing an additional 2,000 shares during the last quarter. Finally, Ackerman Capital Advisors LLC bought a new stake in Invesco Municipal Opportunity Trust during the 3rd quarter valued at about $161,000. Institutional investors own 42.57% of the company’s stock.

Invesco Municipal Opportunity Trust Stock Performance

NYSE:VMO opened at $10.00 on Tuesday. The company’s 50 day moving average price is $10.12 and its 200-day moving average price is $9.97. Invesco Municipal Opportunity Trust has a 52 week low of $8.56 and a 52 week high of $10.39.

Invesco Municipal Opportunity Trust Dividend Announcement

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