Financial Management Professionals Inc. Purchases New Shares in Invesco Municipal Opportunity Trust (NYSE:VMO)

Financial Management Professionals Inc. purchased a new stake in Invesco Municipal Opportunity Trust (NYSE:VMO) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 4,333 shares of the investment management company’s stock, valued at approximately $42,000.

A number of other institutional investors have also made changes to their positions in VMO. Kingswood Wealth Advisors LLC bought a new position in shares of Invesco Municipal Opportunity Trust in the fourth quarter valued at about $207,000. Simon Quick Advisors LLC raised its holdings in Invesco Municipal Opportunity Trust by 8.7% during the 4th quarter. Simon Quick Advisors LLC now owns 23,156 shares of the investment management company’s stock worth $223,000 after purchasing an additional 1,847 shares during the last quarter. International Assets Investment Management LLC bought a new stake in Invesco Municipal Opportunity Trust during the 4th quarter worth about $4,440,000. Van ECK Associates Corp raised its holdings in Invesco Municipal Opportunity Trust by 13.4% during the 4th quarter. Van ECK Associates Corp now owns 508,977 shares of the investment management company’s stock worth $4,891,000 after purchasing an additional 60,219 shares during the last quarter. Finally, Summit Trail Advisors LLC raised its holdings in Invesco Municipal Opportunity Trust by 37.4% during the 4th quarter. Summit Trail Advisors LLC now owns 21,736 shares of the investment management company’s stock worth $209,000 after purchasing an additional 5,918 shares during the last quarter. 42.57% of the stock is owned by institutional investors.

Invesco Municipal Opportunity Trust Price Performance

Shares of NYSE:VMO opened at $10.08 on Friday. Invesco Municipal Opportunity Trust has a 1-year low of $7.86 and a 1-year high of $10.15. The business has a 50-day moving average price of $9.71 and a two-hundred day moving average price of $9.61.

Invesco Municipal Opportunity Trust Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, June 28th. Shareholders of record on Tuesday, June 18th were issued a dividend of $0.0625 per share. This is a boost from Invesco Municipal Opportunity Trust’s previous monthly dividend of $0.04. This represents a $0.75 annualized dividend and a yield of 7.44%. The ex-dividend date was Tuesday, June 18th.

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.