Hennion & Walsh Asset Management Inc. Decreases Holdings in Invesco Municipal Opportunity Trust (NYSE:VMO)

Hennion & Walsh Asset Management Inc. lowered its position in shares of Invesco Municipal Opportunity Trust (NYSE:VMO) by 0.4% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,504,422 shares of the investment management company’s stock after selling 6,264 shares during the period. Invesco Municipal Opportunity Trust comprises about 0.7% of Hennion & Walsh Asset Management Inc.’s holdings, making the stock its 17th largest position. Hennion & Walsh Asset Management Inc.’s holdings in Invesco Municipal Opportunity Trust were worth $15,450,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Financial Management Professionals Inc. acquired a new stake in shares of Invesco Municipal Opportunity Trust during the first quarter worth about $42,000. International Assets Investment Management LLC acquired a new stake in shares of Invesco Municipal Opportunity Trust during the second quarter worth about $45,000. Choreo LLC acquired a new position in Invesco Municipal Opportunity Trust in the 2nd quarter valued at about $139,000. Blue Bell Private Wealth Management LLC increased its position in Invesco Municipal Opportunity Trust by 7.7% in the 2nd quarter. Blue Bell Private Wealth Management LLC now owns 14,601 shares of the investment management company’s stock valued at $147,000 after acquiring an additional 1,042 shares during the period. Finally, B. Riley Wealth Advisors Inc. acquired a new position in Invesco Municipal Opportunity Trust in the 1st quarter valued at about $180,000. Institutional investors and hedge funds own 42.57% of the company’s stock.

Invesco Municipal Opportunity Trust Stock Performance

Shares of VMO stock opened at $9.93 on Thursday. Invesco Municipal Opportunity Trust has a 52-week low of $7.86 and a 52-week high of $10.39. The stock’s 50-day moving average price is $10.15 and its 200 day moving average price is $9.92.

Invesco Municipal Opportunity Trust Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Thursday, October 31st. Investors of record on Wednesday, October 16th will be given a $0.0625 dividend. This represents a $0.75 annualized dividend and a yield of 7.55%. The ex-dividend date is Wednesday, October 16th.

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.