Invesco Municipal Opportunity Trust (NYSE:VMO) Sees Unusually-High Trading Volume Following Dividend Announcement

Invesco Municipal Opportunity Trust (NYSE:VMO) shares saw unusually-strong trading volume on Friday following a dividend announcement from the company. Approximately 900,184 shares changed hands during mid-day trading, an increase of 320% from the previous session’s volume of 214,405 shares.The stock last traded at $9.42 and had previously closed at $9.35.

The newly announced dividend which will be paid on Friday, May 31st. Stockholders of record on Thursday, May 16th will be given a dividend of $0.0385 per share. This represents a $0.46 annualized dividend and a dividend yield of 4.90%. The ex-dividend date is Wednesday, May 15th.

Invesco Municipal Opportunity Trust Stock Performance

The company’s 50-day moving average price is $9.53 and its 200 day moving average price is $9.30.

Institutional Investors Weigh In On Invesco Municipal Opportunity Trust

Hedge funds and other institutional investors have recently made changes to their positions in the business. CENTRAL TRUST Co purchased a new stake in shares of Invesco Municipal Opportunity Trust during the 1st quarter valued at about $29,000. Financial Management Professionals Inc. purchased a new stake in shares of Invesco Municipal Opportunity Trust during the 1st quarter valued at about $42,000. Wolverine Asset Management LLC increased 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 valued at $116,000 after purchasing an additional 13,944 shares during the last quarter. Blue Bell Private Wealth Management LLC purchased a new stake in shares of Invesco Municipal Opportunity Trust during the 1st quarter valued at about $132,000. Finally, Kestra Private Wealth Services LLC purchased a new stake in Invesco Municipal Opportunity Trust in the 3rd quarter worth approximately $139,000. Hedge funds and other institutional investors own 42.57% of the company’s stock.

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.