Rareview Capital LLC Increases Stake in Invesco Municipal Opportunity Trust (NYSE:VMO)

Rareview Capital LLC lifted its stake in shares of Invesco Municipal Opportunity Trust (NYSE:VMO) by 79.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 288,132 shares of the investment management company’s stock after acquiring an additional 127,963 shares during the period. Invesco Municipal Opportunity Trust accounts for about 2.2% of Rareview Capital LLC’s investment portfolio, making the stock its 16th largest position. Rareview Capital LLC’s holdings in Invesco Municipal Opportunity Trust were worth $2,959,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently bought and sold shares of VMO. Raymond James Financial Inc. acquired a new stake in Invesco Municipal Opportunity Trust during the 4th quarter worth approximately $7,598,000. Robinson Capital Management LLC increased its position in Invesco Municipal Opportunity Trust by 44.1% during the 4th quarter. Robinson Capital Management LLC now owns 1,697,121 shares of the investment management company’s stock worth $16,496,000 after purchasing an additional 519,405 shares in the last quarter. Rivernorth Capital Management LLC increased its position in Invesco Municipal Opportunity Trust by 26.2% during 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 purchasing an additional 491,922 shares in the last quarter. Independent Advisor Alliance acquired a new stake in Invesco Municipal Opportunity Trust during the 4th quarter worth approximately $640,000. Finally, Absolute Investment Advisers LLC acquired a new stake in Invesco Municipal Opportunity Trust during the 4th quarter worth approximately $618,000. Institutional investors and hedge funds own 42.57% of the company’s stock.

Invesco Municipal Opportunity Trust Price Performance

VMO opened at $9.61 on Friday. The firm has a 50 day moving average price of $9.75 and a 200 day moving average price of $9.92. Invesco Municipal Opportunity Trust has a 1 year low of $9.22 and a 1 year high of $10.39.

Invesco Municipal Opportunity Trust Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be given a $0.0625 dividend. This represents a $0.75 annualized dividend and a yield of 7.81%. The ex-dividend date is Monday, March 17th.

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.