Invesco Municipal Opportunity Trust (NYSE:VMO) Shares Sold by Hennion & Walsh Asset Management Inc.

Hennion & Walsh Asset Management Inc. trimmed its stake in Invesco Municipal Opportunity Trust (NYSE:VMO) by 12.1% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 1,321,665 shares of the investment management company’s stock after selling 182,757 shares during the quarter. Invesco Municipal Opportunity Trust makes up about 0.6% of Hennion & Walsh Asset Management Inc.’s investment portfolio, making the stock its 28th largest holding. Hennion & Walsh Asset Management Inc.’s holdings in Invesco Municipal Opportunity Trust were worth $12,847,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of VMO. Rivernorth Capital Management LLC increased its holdings in shares of Invesco Municipal Opportunity Trust by 26.2% in the 3rd quarter. Rivernorth Capital Management LLC now owns 2,367,527 shares of the investment management company’s stock worth $24,315,000 after acquiring an additional 491,922 shares during the period. Whitebox Advisors LLC bought a new position in Invesco Municipal Opportunity Trust in the 2nd quarter worth about $2,394,000. JFS Wealth Advisors LLC increased its stake in shares of Invesco Municipal Opportunity Trust by 1,629.2% in the third quarter. JFS Wealth Advisors LLC now owns 144,908 shares of the investment management company’s stock valued at $1,488,000 after purchasing an additional 136,528 shares during the period. HighTower Advisors LLC bought a new stake in shares of Invesco Municipal Opportunity Trust during the third quarter valued at approximately $496,000. Finally, International Assets Investment Management LLC boosted its position in shares of Invesco Municipal Opportunity Trust by 935.3% during the third quarter. International Assets Investment Management LLC now owns 46,476 shares of the investment management company’s stock worth $4,525,000 after buying an additional 41,987 shares during the period. Institutional investors and hedge funds own 42.57% of the company’s stock.

Invesco Municipal Opportunity Trust Price Performance

NYSE:VMO opened at $9.66 on Thursday. The business has a fifty day moving average of $9.83 and a 200-day moving average of $10.00. Invesco Municipal Opportunity Trust has a 1 year low of $9.16 and a 1 year high of $10.39.

Invesco Municipal Opportunity Trust Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, January 31st. Shareholders of record on Friday, January 17th will be given a dividend of $0.0625 per share. The ex-dividend date of this dividend is Friday, January 17th. This represents a $0.75 dividend on an annualized basis and a dividend yield of 7.76%.

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.