Citigroup Inc. lowered its stake in shares of Invesco Municipal Opportunity Trust (NYSE:VMO) by 4.1% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 23,300 shares of the investment management company’s stock after selling 1,000 shares during the quarter. Citigroup Inc.’s holdings in Invesco Municipal Opportunity Trust were worth $305,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in VMO. Van ECK Associates Corp increased its position in shares of Invesco Municipal Opportunity Trust by 43.7% during the 2nd quarter. Van ECK Associates Corp now owns 162,799 shares of the investment management company’s stock valued at $2,131,000 after purchasing an additional 49,534 shares during the last quarter. Wells Fargo & Company MN increased its position in shares of Invesco Municipal Opportunity Trust by 15.4% during the 2nd quarter. Wells Fargo & Company MN now owns 254,122 shares of the investment management company’s stock valued at $3,326,000 after purchasing an additional 33,901 shares during the last quarter. Fiduciary Financial Services of The Southwest Inc. TX increased its position in shares of Invesco Municipal Opportunity Trust by 24.4% during the 2nd quarter. Fiduciary Financial Services of The Southwest Inc. TX now owns 70,607 shares of the investment management company’s stock valued at $924,000 after purchasing an additional 13,833 shares during the last quarter. Strid Group LLC bought a new position in shares of Invesco Municipal Opportunity Trust during the 2nd quarter valued at approximately $131,000. Finally, Essex Financial Services Inc. increased its position in shares of Invesco Municipal Opportunity Trust by 73.3% during the 2nd quarter. Essex Financial Services Inc. now owns 12,661 shares of the investment management company’s stock valued at $166,000 after purchasing an additional 5,357 shares during the last quarter. 7.45% of the stock is currently owned by hedge funds and other institutional investors.

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Invesco Municipal Opportunity Trust (NYSE:VMO) opened at 12.91 on Wednesday. The stock’s 50 day moving average price is $13.15 and its 200 day moving average price is $13.14. Invesco Municipal Opportunity Trust has a 52-week low of $12.27 and a 52-week high of $13.55.

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, October 31st. Investors of record on Friday, October 13th will be given a dividend of $0.0554 per share. The ex-dividend date of this dividend is Thursday, October 12th. This represents a $0.66 dividend on an annualized basis and a yield of 5.15%.

Invesco Municipal Opportunity Trust Profile

Invesco Van Kampen Municipal Opportunity Trust (the Trust), formerly Invesco Municipal Opportunity Trust is a diversified, closed-end management investment trust. The Trust’s investment objective is to provide common shareholders with a high level of current income exempt from federal income tax, consistent with preservation of capital.

Institutional Ownership by Quarter for Invesco Municipal Opportunity Trust (NYSE:VMO)

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