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

Hennion & Walsh Asset Management Inc. boosted its holdings in shares of Invesco Municipal Opportunity Trust (NYSE:VMO) by 16.5% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,263,852 shares of the investment management company’s stock after purchasing an additional 178,550 shares during the period. Invesco Municipal Opportunity Trust comprises approximately 0.7% of Hennion & Walsh Asset Management Inc.’s investment portfolio, making the stock its 21st biggest holding. Hennion & Walsh Asset Management Inc.’s holdings in Invesco Municipal Opportunity Trust were worth $12,297,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Financial Management Professionals Inc. purchased a new position in shares of Invesco Municipal Opportunity Trust during the 1st quarter valued at approximately $42,000. Wellspring Financial Advisors LLC increased its holdings in Invesco Municipal Opportunity Trust by 17.6% in the fourth quarter. Wellspring Financial Advisors LLC now owns 16,000 shares of the investment management company’s stock valued at $154,000 after buying an additional 2,400 shares in the last quarter. Kingswood Wealth Advisors LLC acquired a new position in shares of Invesco Municipal Opportunity Trust in the fourth quarter worth about $207,000. Summit Trail Advisors LLC boosted its stake in shares of 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 acquiring an additional 5,918 shares in the last quarter. Finally, Virtu Financial LLC acquired a new stake in shares of Invesco Municipal Opportunity Trust during the 4th quarter valued at about $212,000. 42.57% of the stock is owned by hedge funds and other institutional investors.

Invesco Municipal Opportunity Trust Stock Performance

NYSE VMO traded down $0.03 during trading hours on Friday, reaching $10.08. The company’s stock had a trading volume of 122,662 shares, compared to its average volume of 162,997. The company’s 50-day moving average is $9.71 and its two-hundred day moving average is $9.61. Invesco Municipal Opportunity Trust has a 1-year low of $7.86 and a 1-year high of $10.15.

Invesco Municipal Opportunity Trust Increases Dividend

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

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.