Invesco Municipal Opportunity Trust (NYSE:VMO) Sees Unusually-High Trading Volume After Dividend Announcement

Invesco Municipal Opportunity Trust (NYSE:VMO) saw unusually-high trading volume on Friday after the company announced a dividend. Approximately 900,184 shares traded hands during trading, an increase of 320% from the previous session’s volume of 214,405 shares.The stock last traded at $9.42 and had previously closed at $9.35.

The newly announced dividend which will be paid on Friday, May 31st. Investors of record on Thursday, May 16th will be given a $0.0385 dividend. This represents a $0.46 dividend on an annualized basis and a yield of 4.90%. The ex-dividend date of this dividend is Wednesday, May 15th.

Invesco Municipal Opportunity Trust Stock Performance

The firm has a 50 day simple moving average of $9.53 and a two-hundred day simple moving average of $9.29.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in VMO. Karpus Management Inc. lifted its position in shares of Invesco Municipal Opportunity Trust by 10.7% during the 3rd quarter. Karpus Management Inc. now owns 1,473,696 shares of the investment management company’s stock worth $12,129,000 after buying an additional 142,880 shares in the last quarter. AQR Arbitrage LLC boosted its position in Invesco Municipal Opportunity Trust by 95.9% in the third quarter. AQR Arbitrage LLC now owns 453,977 shares of the investment management company’s stock worth $3,736,000 after purchasing an additional 222,223 shares during the last quarter. Simon Quick Advisors LLC grew its stake in Invesco Municipal Opportunity Trust by 8.7% in the 4th quarter. Simon Quick Advisors LLC now owns 23,156 shares of the investment management company’s stock valued at $223,000 after purchasing an additional 1,847 shares during the period. International Assets Investment Management LLC purchased a new stake in shares of Invesco Municipal Opportunity Trust during the 4th quarter valued at $4,440,000. Finally, Westchester Capital Management LLC bought a new stake in shares of Invesco Municipal Opportunity Trust during the 3rd quarter worth $1,092,000. 42.57% of the stock is owned by institutional investors.

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.