Robinson Capital Management LLC Has $16.50 Million Stock Position in Invesco Municipal Opportunity Trust (NYSE:VMO)

Robinson Capital Management LLC grew its position in Invesco Municipal Opportunity Trust (NYSE:VMO) by 44.1% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,697,121 shares of the investment management company’s stock after purchasing an additional 519,405 shares during the period. Invesco Municipal Opportunity Trust comprises approximately 6.7% of Robinson Capital Management LLC’s holdings, making the stock its biggest holding. Robinson Capital Management LLC’s holdings in Invesco Municipal Opportunity Trust were worth $16,496,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the company. HighTower Advisors LLC acquired a new stake in Invesco Municipal Opportunity Trust during the 3rd quarter valued at $496,000. Stifel Financial Corp increased its stake in shares of Invesco Municipal Opportunity Trust by 35.2% in the third quarter. Stifel Financial Corp now owns 117,063 shares of the investment management company’s stock valued at $1,202,000 after buying an additional 30,463 shares in the last quarter. Walleye Capital LLC bought a new position in shares of Invesco Municipal Opportunity Trust in the third quarter valued at about $164,000. Raymond James & Associates lifted its position in Invesco Municipal Opportunity Trust by 8.1% during the 3rd quarter. Raymond James & Associates now owns 377,675 shares of the investment management company’s stock worth $3,879,000 after buying an additional 28,419 shares in the last quarter. Finally, JFS Wealth Advisors LLC grew its holdings in Invesco Municipal Opportunity Trust by 1,629.2% during the 3rd quarter. JFS Wealth Advisors LLC now owns 144,908 shares of the investment management company’s stock worth $1,488,000 after acquiring an additional 136,528 shares during the last quarter. Institutional investors own 42.57% of the company’s stock.

Invesco Municipal Opportunity Trust Trading Up 0.8 %

Shares of VMO stock opened at $9.85 on Tuesday. Invesco Municipal Opportunity Trust has a 1 year low of $9.22 and a 1 year high of $10.39. The firm’s 50 day moving average is $9.73 and its 200-day moving average is $9.95.

Invesco Municipal Opportunity Trust Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, February 28th. Stockholders of record on Tuesday, February 18th will be paid a dividend of $0.0625 per share. This represents a $0.75 annualized dividend and a dividend yield of 7.62%. The ex-dividend date is Tuesday, February 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.