Meristem Family Wealth LLC Makes New $214,000 Investment in Invesco Municipal Opportunity Trust (NYSE:VMO)

Meristem Family Wealth LLC bought a new position in Invesco Municipal Opportunity Trust (NYSE:VMO) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 16,200 shares of the investment management company’s stock, valued at approximately $214,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the business. Cambridge Investment Research Advisors Inc. increased its position in Invesco Municipal Opportunity Trust by 2.5% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 39,704 shares of the investment management company’s stock worth $509,000 after buying an additional 981 shares during the period. Mid Atlantic Financial Management Inc. ADV increased its holdings in shares of Invesco Municipal Opportunity Trust by 13.4% during the first quarter. Mid Atlantic Financial Management Inc. ADV now owns 12,700 shares of the investment management company’s stock valued at $167,000 after purchasing an additional 1,500 shares during the period. Capital Wealth Alliance LLC increased its holdings in shares of Invesco Municipal Opportunity Trust by 4.0% during the fourth quarter. Capital Wealth Alliance LLC now owns 80,335 shares of the investment management company’s stock valued at $1,055,000 after purchasing an additional 3,119 shares during the period. Koshinski Asset Management Inc. acquired a new position in shares of Invesco Municipal Opportunity Trust during the fourth quarter valued at $776,000. Finally, Steward Partners Investment Advisory LLC increased its holdings in shares of Invesco Municipal Opportunity Trust by 23.0% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 28,964 shares of the investment management company’s stock valued at $371,000 after purchasing an additional 5,411 shares during the period. 19.79% of the stock is currently owned by hedge funds and other institutional investors.

Shares of VMO opened at $13.65 on Friday. Invesco Municipal Opportunity Trust has a one year low of $11.66 and a one year high of $13.81. The company’s fifty day simple moving average is $13.51.

The firm also recently declared a monthly dividend, which will be paid on Wednesday, June 30th. Stockholders of record on Monday, June 14th will be issued a dividend of $0.054 per share. This represents a $0.65 dividend on an annualized basis and a dividend yield of 4.75%. The ex-dividend date is Friday, June 11th.

Invesco Municipal Opportunity Trust 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.

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

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