Invesco Municipal Opportunity Trust (NYSE:VMO) Shares Purchased by Kercheville Advisors LLC

Kercheville Advisors LLC grew its stake in Invesco Municipal Opportunity Trust (NYSE:VMO) by 15.3% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 15,067 shares of the investment management company’s stock after acquiring an additional 2,000 shares during the quarter. Kercheville Advisors LLC’s holdings in Invesco Municipal Opportunity Trust were worth $155,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of VMO. Van ECK Associates Corp increased its stake in shares of Invesco Municipal Opportunity Trust by 4.1% in the 1st quarter. Van ECK Associates Corp now owns 529,667 shares of the investment management company’s stock worth $5,154,000 after acquiring an additional 20,690 shares during the last quarter. Janney Montgomery Scott LLC increased its stake in shares of Invesco Municipal Opportunity Trust by 12.0% in the 1st quarter. Janney Montgomery Scott LLC now owns 59,652 shares of the investment management company’s stock worth $580,000 after acquiring an additional 6,396 shares during the last quarter. Wakefield Asset Management LLLP increased its stake in shares of Invesco Municipal Opportunity Trust by 3.3% in the 1st quarter. Wakefield Asset Management LLLP now owns 186,180 shares of the investment management company’s stock worth $1,812,000 after acquiring an additional 5,998 shares during the last quarter. Karpus Management Inc. increased its stake in shares of Invesco Municipal Opportunity Trust by 1.2% in the 1st quarter. Karpus Management Inc. now owns 2,103,335 shares of the investment management company’s stock worth $20,465,000 after acquiring an additional 24,758 shares during the last quarter. Finally, Robinson Capital Management LLC increased its stake in shares of Invesco Municipal Opportunity Trust by 4.1% in the 1st quarter. Robinson Capital Management LLC now owns 768,126 shares of the investment management company’s stock worth $7,171,000 after acquiring an additional 30,192 shares during the last quarter. 42.57% of the stock is owned by institutional investors and hedge funds.

Invesco Municipal Opportunity Trust Stock Down 0.2 %

Shares of VMO opened at $9.81 on Monday. Invesco Municipal Opportunity Trust has a 52-week low of $7.88 and a 52-week high of $10.39. The stock has a fifty day simple moving average of $10.14 and a two-hundred day simple moving average of $9.93.

Invesco Municipal Opportunity Trust Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Wednesday, October 16th will be issued a dividend of $0.0625 per share. This represents a $0.75 dividend on an annualized basis and a dividend yield of 7.65%. The ex-dividend date of this dividend is Wednesday, October 16th.

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.