Spectrum Management Group Inc. Invests $110,000 in Invesco Municipal Opportunity Trust (VMO) Stock

Spectrum Management Group Inc. purchased a new position in Invesco Municipal Opportunity Trust (NYSE:VMO) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 8,431 shares of the investment management company’s stock, valued at approximately $110,000.

A number of other institutional investors have also bought and sold shares of the business. Sigma Planning Corp acquired a new position in Invesco Municipal Opportunity Trust in the third quarter worth approximately $243,000. Doliver Capital Advisors LP boosted its stake in Invesco Municipal Opportunity Trust by 34.8% in the 3rd quarter. Doliver Capital Advisors LP now owns 22,790 shares of the investment management company’s stock worth $296,000 after purchasing an additional 5,888 shares during the period. Garner Asset Management Corp boosted its stake in Invesco Municipal Opportunity Trust by 10.6% in the 3rd quarter. Garner Asset Management Corp now owns 56,240 shares of the investment management company’s stock worth $732,000 after purchasing an additional 5,400 shares during the period. Raymond James Financial Services Advisors Inc. boosted its stake in Invesco Municipal Opportunity Trust by 18.2% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 140,403 shares of the investment management company’s stock worth $1,827,000 after purchasing an additional 21,646 shares during the period. Finally, FinTrust Investment Advisory Services LLC acquired a new position in Invesco Municipal Opportunity Trust in the 3rd quarter worth approximately $585,000. Hedge funds and other institutional investors own 7.56% of the company’s stock.

Invesco Municipal Opportunity Trust (NYSE:VMO) traded up $0.02 during trading on Friday, reaching $12.48. 182,407 shares of the company were exchanged, compared to its average volume of 142,160. Invesco Municipal Opportunity Trust has a 1 year low of $12.33 and a 1 year high of $13.37.

The company also recently disclosed a monthly dividend, which will be paid on Thursday, November 30th. Investors of record on Wednesday, November 15th will be paid a $0.0554 dividend. This represents a $0.66 dividend on an annualized basis and a yield of 5.33%. The ex-dividend date of this dividend is Tuesday, November 14th.

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About Invesco Municipal Opportunity Trust

Invesco Van Kampen Municipal Opportunity Trust (the Trust), formerly Invesco Municipal Opportunity Trust is a diversified, closed-end management investment trust. The Trust’s investment objective is to provide common shareholders with a high level of current income exempt from federal income tax, consistent with preservation of capital.

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

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