Van ECK Associates Corp Purchases 21,173 Shares of Invesco Municipal Opportunity Trust (NYSE:VMO)

Van ECK Associates Corp boosted its position in Invesco Municipal Opportunity Trust (NYSE:VMO) by 4.4% in the fourth quarter, HoldingsChannel reports. The firm owned 507,362 shares of the investment management company’s stock after buying an additional 21,173 shares during the quarter. Van ECK Associates Corp’s holdings in Invesco Municipal Opportunity Trust were worth $4,932,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Avior Wealth Management LLC lifted its stake in shares of Invesco Municipal Opportunity Trust by 668.4% during the 4th quarter. Avior Wealth Management LLC now owns 8,491 shares of the investment management company’s stock valued at $83,000 after buying an additional 7,386 shares in the last quarter. Encompass More Asset Management purchased a new position in Invesco Municipal Opportunity Trust during the 3rd quarter valued at about $133,000. Kercheville Advisors LLC increased its position in shares of Invesco Municipal Opportunity Trust by 15.3% during the third quarter. Kercheville Advisors LLC now owns 15,067 shares of the investment management company’s stock valued at $155,000 after buying an additional 2,000 shares during the period. Ackerman Capital Advisors LLC purchased a new stake in shares of Invesco Municipal Opportunity Trust in the third quarter worth about $161,000. Finally, Walleye Capital LLC bought a new position in shares of Invesco Municipal Opportunity Trust in the third quarter valued at approximately $164,000. Hedge funds and other institutional investors own 42.57% of the company’s stock.

Invesco Municipal Opportunity Trust Stock Performance

NYSE VMO opened at $9.80 on Wednesday. The stock’s 50-day simple moving average is $9.73 and its two-hundred day simple moving average is $9.95. Invesco Municipal Opportunity Trust has a twelve month low of $9.22 and a twelve month high of $10.39.

Invesco Municipal Opportunity Trust Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, February 28th. Investors of record on Tuesday, February 18th will be issued a dividend of $0.0625 per share. The ex-dividend date is Tuesday, February 18th. This represents a $0.75 dividend on an annualized basis and a dividend yield of 7.66%.

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.