Independent Advisor Alliance Acquires Shares of 65,841 Invesco Municipal Opportunity Trust (NYSE:VMO)

Independent Advisor Alliance acquired a new stake in shares of Invesco Municipal Opportunity Trust (NYSE:VMO) during the 4th quarter, HoldingsChannel reports. The firm acquired 65,841 shares of the investment management company’s stock, valued at approximately $640,000.

Other large investors have also bought and sold shares of the company. Venturi Wealth Management LLC raised its holdings in shares of 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. Avior Wealth Management LLC raised its position in shares of Invesco Municipal Opportunity Trust by 668.4% in the fourth quarter. Avior Wealth Management LLC now owns 8,491 shares of the investment management company’s stock valued at $83,000 after purchasing an additional 7,386 shares during the period. Encompass More Asset Management bought a new stake in shares of Invesco Municipal Opportunity Trust in the third quarter valued at approximately $133,000. Permanent Capital Management LP bought a new stake in shares of Invesco Municipal Opportunity Trust in the fourth quarter valued at approximately $152,000. Finally, Walleye Capital LLC bought a new stake in shares of Invesco Municipal Opportunity Trust in the third quarter valued at approximately $164,000. 42.57% of the stock is currently owned by institutional investors.

Invesco Municipal Opportunity Trust Price Performance

NYSE VMO opened at $9.61 on Monday. The company’s 50 day moving average is $9.75 and its 200-day moving average is $9.91. Invesco Municipal Opportunity Trust has a 12-month low of $9.22 and a 12-month high of $10.39.

Invesco Municipal Opportunity Trust Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be issued a dividend of $0.0625 per share. This represents a $0.75 dividend on an annualized basis and a yield of 7.81%. The ex-dividend date is Monday, March 17th.

About Invesco Municipal Opportunity Trust

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.