Invesco Municipal Opportunity Trust (NYSE:VMO) Share Price Passes Above 50 Day Moving Average – Time to Sell?

Invesco Municipal Opportunity Trust (NYSE:VMO) passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $9.39 and traded as high as $9.40. Invesco Municipal Opportunity Trust shares last traded at $9.38, with a volume of 202,227 shares.

Invesco Municipal Opportunity Trust Stock Up 0.1%

The company’s fifty day moving average price is $9.39 and its 200 day moving average price is $9.67.

Invesco Municipal Opportunity Trust Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, May 30th. Shareholders of record on Friday, May 16th will be given a $0.0625 dividend. This represents a $0.75 dividend on an annualized basis and a yield of 8.00%. The ex-dividend date of this dividend is Friday, May 16th.

Institutional Investors Weigh In On Invesco Municipal Opportunity Trust

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Raymond James Financial Inc. purchased a new position in shares of Invesco Municipal Opportunity Trust in the 4th quarter worth approximately $7,598,000. Robinson Capital Management LLC lifted its holdings in Invesco Municipal Opportunity Trust by 44.1% during the fourth quarter. Robinson Capital Management LLC now owns 1,697,121 shares of the investment management company’s stock worth $16,496,000 after acquiring an additional 519,405 shares during the period. LPL Financial LLC boosted its position in Invesco Municipal Opportunity Trust by 214.7% in the fourth quarter. LPL Financial LLC now owns 452,242 shares of the investment management company’s stock worth $4,396,000 after purchasing an additional 308,518 shares during the last quarter. Guggenheim Capital LLC boosted its position in Invesco Municipal Opportunity Trust by 48.2% in the fourth quarter. Guggenheim Capital LLC now owns 945,263 shares of the investment management company’s stock worth $9,188,000 after purchasing an additional 307,338 shares during the last quarter. Finally, Ameriprise Financial Inc. grew its stake in Invesco Municipal Opportunity Trust by 160.3% in the 4th quarter. Ameriprise Financial Inc. now owns 299,320 shares of the investment management company’s stock valued at $2,909,000 after purchasing an additional 184,317 shares during the period. Hedge funds and other institutional investors own 42.57% of the company’s stock.

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.