Kercheville Advisors LLC Grows Position in Invesco Municipal Opportunity Trust (NYSE:VMO)

Kercheville Advisors LLC grew its stake in Invesco Municipal Opportunity Trust (NYSE:VMO) by 15.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 15,067 shares of the investment management company’s stock after purchasing an additional 2,000 shares during the period. Kercheville Advisors LLC’s holdings in Invesco Municipal Opportunity Trust were worth $155,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Raymond James & Associates boosted its position in Invesco Municipal Opportunity Trust by 2.2% in the 2nd quarter. Raymond James & Associates now owns 349,256 shares of the investment management company’s stock worth $3,520,000 after purchasing an additional 7,465 shares in the last quarter. Janney Montgomery Scott LLC boosted its position in 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 purchasing an additional 6,396 shares in the last quarter. B. Riley Wealth Advisors Inc. purchased a new stake in Invesco Municipal Opportunity Trust in the 1st quarter worth approximately $180,000. International Assets Investment Management LLC acquired a new position in shares of Invesco Municipal Opportunity Trust during the 2nd quarter worth approximately $45,000. Finally, Angeles Investment Advisors LLC acquired a new position in shares of Invesco Municipal Opportunity Trust during the 2nd quarter worth approximately $473,000. Hedge funds and other institutional investors own 42.57% of the company’s stock.

Invesco Municipal Opportunity Trust Stock Down 0.2 %

Shares of VMO stock opened at $9.81 on Monday. The stock has a 50 day simple moving average of $10.14 and a 200-day simple moving average of $9.93. Invesco Municipal Opportunity Trust has a 1-year low of $7.88 and a 1-year high of $10.39.

Invesco Municipal Opportunity Trust Announces Dividend

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

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.