Blue Bell Private Wealth Management LLC Lowers Position in Invesco Municipal Opportunity Trust (NYSE:VMO)

Blue Bell Private Wealth Management LLC lowered its stake in shares of Invesco Municipal Opportunity Trust (NYSE:VMO) by 15.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,389 shares of the investment management company’s stock after selling 2,212 shares during the period. Blue Bell Private Wealth Management LLC’s holdings in Invesco Municipal Opportunity Trust were worth $120,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in VMO. Concurrent Investment Advisors LLC increased its holdings in shares of Invesco Municipal Opportunity Trust by 21.3% during the 3rd quarter. Concurrent Investment Advisors LLC now owns 26,451 shares of the investment management company’s stock worth $272,000 after buying an additional 4,646 shares during the last quarter. Walleye Capital LLC purchased a new stake in Invesco Municipal Opportunity Trust during the third quarter valued at about $164,000. Encompass More Asset Management acquired a new stake in Invesco Municipal Opportunity Trust during the third quarter worth about $133,000. HighTower Advisors LLC purchased a new position in shares of Invesco Municipal Opportunity Trust in the 3rd quarter worth about $496,000. Finally, Rivernorth Capital Management LLC raised its holdings in shares of Invesco Municipal Opportunity Trust by 26.2% in the 3rd quarter. Rivernorth Capital Management LLC now owns 2,367,527 shares of the investment management company’s stock worth $24,315,000 after purchasing an additional 491,922 shares during the period. Institutional investors and hedge funds own 42.57% of the company’s stock.

Invesco Municipal Opportunity Trust Trading Down 0.7 %

Shares of NYSE:VMO opened at $9.74 on Friday. The stock has a 50-day simple moving average of $9.76 and a 200-day simple moving average of $9.93. Invesco Municipal Opportunity Trust has a 1 year low of $9.22 and a 1 year high of $10.39.

Invesco Municipal Opportunity Trust Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be paid a dividend of $0.0625 per share. The ex-dividend date of this dividend is Monday, March 17th. This represents a $0.75 annualized dividend and a yield of 7.70%.

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.