Absolute Investment Advisers LLC Purchases New Position in Invesco Municipal Opportunity Trust (NYSE:VMO)

Absolute Investment Advisers LLC acquired a new position in shares of Invesco Municipal Opportunity Trust (NYSE:VMO) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 63,600 shares of the investment management company’s stock, valued at approximately $618,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Rivernorth Capital Management LLC increased its holdings in shares of Invesco Municipal Opportunity Trust by 26.2% during the third quarter. Rivernorth Capital Management LLC now owns 2,367,527 shares of the investment management company’s stock worth $24,315,000 after buying an additional 491,922 shares in the last quarter. Raymond James & Associates grew 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 acquiring an additional 28,419 shares during the last quarter. Whitebox Advisors LLC grew its position in Invesco Municipal Opportunity Trust by 7.1% during the 3rd quarter. Whitebox Advisors LLC now owns 254,394 shares of the investment management company’s stock worth $2,613,000 after acquiring an additional 16,871 shares during the last quarter. JFS Wealth Advisors LLC increased its holdings in Invesco Municipal Opportunity Trust by 1,629.2% in the 3rd quarter. JFS Wealth Advisors LLC now owns 144,908 shares of the investment management company’s stock worth $1,488,000 after purchasing an additional 136,528 shares in the last quarter. Finally, Stifel Financial Corp raised its position in 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 purchasing an additional 30,463 shares during the last quarter. Institutional investors own 42.57% of the company’s stock.

Invesco Municipal Opportunity Trust Stock Performance

NYSE:VMO opened at $9.79 on Monday. The stock’s 50-day moving average is $9.78 and its 200-day moving average is $9.97. Invesco Municipal Opportunity Trust has a 1-year low of $9.22 and a 1-year high of $10.39.

Invesco Municipal Opportunity Trust Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, January 31st. Shareholders of record on Friday, January 17th were issued a dividend of $0.0625 per share. This represents a $0.75 dividend on an annualized basis and a yield of 7.66%. The ex-dividend date of this dividend was Friday, January 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.