Permanent Capital Management LP Purchases Shares of 15,649 Invesco Municipal Opportunity Trust (NYSE:VMO)

Permanent Capital Management LP purchased a new stake in shares of Invesco Municipal Opportunity Trust (NYSE:VMO) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 15,649 shares of the investment management company’s stock, valued at approximately $152,000.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Raymond James Financial Inc. purchased a new stake in Invesco Municipal Opportunity Trust during the fourth quarter valued at about $7,598,000. Steward Partners Investment Advisory LLC grew its position in Invesco Municipal Opportunity Trust by 13.1% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 115,193 shares of the investment management company’s stock valued at $1,120,000 after acquiring an additional 13,364 shares during the period. Bank of New York Mellon Corp grew its position in Invesco Municipal Opportunity Trust by 160.6% during the fourth quarter. Bank of New York Mellon Corp now owns 63,528 shares of the investment management company’s stock valued at $617,000 after acquiring an additional 39,155 shares during the period. Robinson Capital Management LLC boosted its position in shares of Invesco Municipal Opportunity Trust by 44.1% in the fourth quarter. Robinson Capital Management LLC now owns 1,697,121 shares of the investment management company’s stock worth $16,496,000 after buying an additional 519,405 shares during the period. Finally, Venturi Wealth Management LLC boosted its position in shares of Invesco Municipal Opportunity Trust by 885.4% in the fourth quarter. Venturi Wealth Management LLC now owns 6,366 shares of the investment management company’s stock worth $62,000 after buying an additional 5,720 shares during the period. Hedge funds and other institutional investors own 42.57% of the company’s stock.

Invesco Municipal Opportunity Trust Stock Down 0.7 %

Shares of NYSE VMO opened at $9.74 on Friday. Invesco Municipal Opportunity Trust has a 1-year low of $9.22 and a 1-year high of $10.39. The business has a 50-day moving average of $9.76 and a 200-day moving average of $9.93.

Invesco Municipal Opportunity Trust Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be given a $0.0625 dividend. This represents a $0.75 annualized dividend and a dividend yield of 7.70%. The ex-dividend date of this dividend is Monday, March 17th.

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.