Invesco Municipal Opportunity Trust (NYSE:VMO) Shares Purchased by Karpus Management Inc.

Karpus Management Inc. boosted its stake in shares of Invesco Municipal Opportunity Trust (NYSE:VMOFree Report) by 41.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,078,577 shares of the investment management company’s stock after buying an additional 604,881 shares during the quarter. Karpus Management Inc. owned 3.08% of Invesco Municipal Opportunity Trust worth $19,975,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Wolverine Asset Management LLC raised its position in shares of Invesco Municipal Opportunity Trust by 13,407.7% during the 3rd quarter. Wolverine Asset Management LLC now owns 14,048 shares of the investment management company’s stock worth $116,000 after acquiring an additional 13,944 shares in the last quarter. Kestra Private Wealth Services LLC purchased a new stake in Invesco Municipal Opportunity Trust during the 3rd quarter valued at approximately $139,000. Wellspring Financial Advisors LLC lifted its stake in shares of Invesco Municipal Opportunity Trust by 17.6% in the 4th quarter. Wellspring Financial Advisors LLC now owns 16,000 shares of the investment management company’s stock worth $154,000 after acquiring an additional 2,400 shares during the period. Kingswood Wealth Advisors LLC acquired a new stake in shares of Invesco Municipal Opportunity Trust in the 4th quarter worth $207,000. Finally, Summit Trail Advisors LLC boosted its holdings in shares of Invesco Municipal Opportunity Trust by 37.4% in the fourth quarter. Summit Trail Advisors LLC now owns 21,736 shares of the investment management company’s stock valued at $209,000 after acquiring an additional 5,918 shares in the last quarter. 42.57% of the stock is currently owned by institutional investors and hedge funds.

Invesco Municipal Opportunity Trust Trading Down 1.0 %

NYSE VMO traded down $0.10 during trading hours on Friday, hitting $9.84. 53,488 shares of the stock were exchanged, compared to its average volume of 209,259. Invesco Municipal Opportunity Trust has a 12-month low of $7.86 and a 12-month high of $9.99. The stock has a 50-day moving average of $9.53 and a 200 day moving average of $9.52.

Invesco Municipal Opportunity Trust Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, June 28th. Stockholders of record on Tuesday, June 18th will be paid a dividend of $0.0625 per share. This represents a $0.75 dividend on an annualized basis and a dividend yield of 7.62%. This is an increase from Invesco Municipal Opportunity Trust’s previous monthly dividend of $0.04. The ex-dividend date is Tuesday, June 18th.

Invesco Municipal Opportunity Trust Company Profile

(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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Institutional Ownership by Quarter for Invesco Municipal Opportunity Trust (NYSE:VMO)

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