Cetera Investment Advisers Sells 7,538 Shares of Invesco Municipal Opportunity Trust (NYSE:VMO)

Cetera Investment Advisers cut its stake in shares of Invesco Municipal Opportunity Trust (NYSE:VMO) by 3.4% during the 2nd quarter, Holdings Channel reports. The fund owned 214,351 shares of the investment management company’s stock after selling 7,538 shares during the period. Cetera Investment Advisers’ holdings in Invesco Municipal Opportunity Trust were worth $2,161,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Karpus Management Inc. raised its holdings 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 valued at $20,465,000 after purchasing an additional 24,758 shares during the period. Hennion & Walsh Asset Management Inc. increased its position in Invesco Municipal Opportunity Trust by 19.5% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 1,510,686 shares of the investment management company’s stock valued at $15,228,000 after buying an additional 246,834 shares in the last quarter. Robinson Capital Management LLC raised its stake in Invesco Municipal Opportunity Trust by 4.1% during the 1st quarter. Robinson Capital Management LLC now owns 768,126 shares of the investment management company’s stock worth $7,171,000 after buying an additional 30,192 shares during the period. Van ECK Associates Corp boosted its holdings in Invesco Municipal Opportunity Trust by 4.1% in the first quarter. Van ECK Associates Corp now owns 529,667 shares of the investment management company’s stock worth $5,154,000 after acquiring an additional 20,690 shares in the last quarter. Finally, Raymond James & Associates grew its stake in Invesco Municipal Opportunity Trust by 2.2% in the second quarter. Raymond James & Associates now owns 349,256 shares of the investment management company’s stock valued at $3,520,000 after acquiring an additional 7,465 shares during the period. 42.57% of the stock is currently owned by institutional investors and hedge funds.

Invesco Municipal Opportunity Trust Stock Performance

NYSE VMO opened at $10.15 on Friday. Invesco Municipal Opportunity Trust has a 52 week low of $7.86 and a 52 week high of $10.39. The business has a 50 day moving average price of $10.16 and a 200-day moving average price of $9.90.

Invesco Municipal Opportunity Trust Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Wednesday, October 16th will be paid a dividend of $0.0625 per share. The ex-dividend date of this dividend is Wednesday, October 16th. This represents a $0.75 dividend on an annualized basis and a yield of 7.39%.

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.