Raymond James Financial Inc. Takes $7.60 Million Position in Invesco Municipal Opportunity Trust (NYSE:VMO)

Raymond James Financial Inc. bought a new position in Invesco Municipal Opportunity Trust (NYSE:VMO) during the fourth quarter, HoldingsChannel reports. The fund bought 781,661 shares of the investment management company’s stock, valued at approximately $7,598,000.

A number of other institutional investors also recently bought and sold shares of the stock. Steward Partners Investment Advisory LLC raised its holdings in Invesco Municipal Opportunity Trust by 13.1% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 115,193 shares of the investment management company’s stock worth $1,120,000 after purchasing an additional 13,364 shares during the period. Bank of New York Mellon Corp raised its holdings in Invesco Municipal Opportunity Trust by 160.6% in the 4th quarter. Bank of New York Mellon Corp now owns 63,528 shares of the investment management company’s stock worth $617,000 after purchasing an additional 39,155 shares during the period. Robinson Capital Management LLC raised its holdings in Invesco Municipal Opportunity Trust by 44.1% in the 4th quarter. Robinson Capital Management LLC now owns 1,697,121 shares of the investment management company’s stock worth $16,496,000 after purchasing an additional 519,405 shares during the period. Venturi Wealth Management LLC raised its holdings in Invesco Municipal Opportunity Trust by 885.4% in the 4th quarter. Venturi Wealth Management LLC now owns 6,366 shares of the investment management company’s stock worth $62,000 after purchasing an additional 5,720 shares during the period. Finally, Van ECK Associates Corp raised its holdings in Invesco Municipal Opportunity Trust by 4.4% in the 4th quarter. Van ECK Associates Corp now owns 507,362 shares of the investment management company’s stock worth $4,932,000 after purchasing an additional 21,173 shares during the period. 42.57% of the stock is owned by institutional investors.

Invesco Municipal Opportunity Trust Stock Up 1.0 %

Shares of Invesco Municipal Opportunity Trust stock opened at $9.62 on Friday. Invesco Municipal Opportunity Trust has a one year low of $9.22 and a one year high of $10.39. The stock’s fifty day moving average is $9.73 and its 200 day moving average is $9.90.

Invesco Municipal Opportunity Trust Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be issued a dividend of $0.0625 per share. The ex-dividend date of this dividend is Monday, March 17th. This represents a $0.75 dividend on an annualized basis and a yield of 7.80%.

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.