Invesco Municipal Opportunity Trust (NYSE:VMO) Shares Sold by Summit Financial Wealth Advisors LLC

Summit Financial Wealth Advisors LLC cut its stake in Invesco Municipal Opportunity Trust (NYSE:VMO) by 12.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 68,575 shares of the investment management company’s stock after selling 10,000 shares during the period. Summit Financial Wealth Advisors LLC owned 0.10% of Invesco Municipal Opportunity Trust worth $649,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Northwestern Mutual Wealth Management Co. raised its holdings in Invesco Municipal Opportunity Trust by 29.2% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 5,142 shares of the investment management company’s stock valued at $51,000 after acquiring an additional 1,163 shares in the last quarter. Capital Investment Advisors LLC raised its holdings in Invesco Municipal Opportunity Trust by 8.6% in the second quarter. Capital Investment Advisors LLC now owns 16,674 shares of the investment management company’s stock valued at $158,000 after acquiring an additional 1,325 shares in the last quarter. Cetera Investment Advisers raised its holdings in Invesco Municipal Opportunity Trust by 20.4% in the first quarter. Cetera Investment Advisers now owns 12,090 shares of the investment management company’s stock valued at $119,000 after acquiring an additional 2,050 shares in the last quarter. Invesco Ltd. raised its holdings in Invesco Municipal Opportunity Trust by 1.6% in the first quarter. Invesco Ltd. now owns 130,219 shares of the investment management company’s stock valued at $1,491,000 after acquiring an additional 2,064 shares in the last quarter. Finally, Royal Bank of Canada raised its holdings in Invesco Municipal Opportunity Trust by 3.3% in the first quarter. Royal Bank of Canada now owns 76,432 shares of the investment management company’s stock valued at $875,000 after acquiring an additional 2,443 shares in the last quarter. 28.60% of the stock is owned by institutional investors and hedge funds.

Invesco Municipal Opportunity Trust Stock Performance

Shares of NYSE:VMO remained flat at $8.73 on Tuesday. 26,363 shares of the company’s stock were exchanged, compared to its average volume of 126,182. Invesco Municipal Opportunity Trust has a 52 week low of $8.70 and a 52 week high of $10.19. The business has a fifty day simple moving average of $9.21 and a 200-day simple moving average of $9.37.

Invesco Municipal Opportunity Trust Cuts Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be issued a dividend of $0.034 per share. The ex-dividend date is Thursday, September 14th. This represents a $0.41 dividend on an annualized basis and a dividend yield of 4.67%.

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.