Invesco Municipal Opportunity Trust (NYSE:VMO) Share Price Passes Below 50-Day Moving Average – Should You Sell?

Invesco Municipal Opportunity Trust (NYSE:VMO) crossed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $9.95 and traded as low as $9.48. Invesco Municipal Opportunity Trust shares last traded at $9.50, with a volume of 265,259 shares trading hands.

Invesco Municipal Opportunity Trust Stock Performance

The stock has a 50-day simple moving average of $9.95 and a 200-day simple moving average of $10.05.

Invesco Municipal Opportunity Trust Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 17th will be given a $0.0625 dividend. This represents a $0.75 annualized dividend and a dividend yield of 7.89%. The ex-dividend date is Tuesday, December 17th.

Institutional Investors Weigh In On Invesco Municipal Opportunity Trust

A number of large investors have recently modified their holdings of VMO. International Assets Investment Management LLC acquired a new stake in Invesco Municipal Opportunity Trust during the 2nd quarter valued at $45,000. Encompass More Asset Management acquired a new stake in shares of Invesco Municipal Opportunity Trust during the third quarter valued at about $133,000. Choreo LLC acquired a new position in shares of Invesco Municipal Opportunity Trust in the second quarter worth about $139,000. Blue Bell Private Wealth Management LLC lifted its stake in shares of Invesco Municipal Opportunity Trust by 7.7% in the second quarter. Blue Bell Private Wealth Management LLC now owns 14,601 shares of the investment management company’s stock worth $147,000 after acquiring an additional 1,042 shares in the last quarter. Finally, Kercheville Advisors LLC boosted its holdings in Invesco Municipal Opportunity Trust by 15.3% in the third quarter. Kercheville Advisors LLC now owns 15,067 shares of the investment management company’s stock valued at $155,000 after purchasing an additional 2,000 shares during the last quarter. Institutional investors and hedge funds 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.