Encompass More Asset Management Purchases New Shares in Invesco Municipal Opportunity Trust (NYSE:VMO)

Encompass More Asset Management acquired a new position in shares of Invesco Municipal Opportunity Trust (NYSE:VMO) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 12,937 shares of the investment management company’s stock, valued at approximately $133,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. International Assets Investment Management LLC acquired a new position in shares of Invesco Municipal Opportunity Trust during the 2nd quarter worth about $45,000. Choreo LLC acquired a new position in shares of Invesco Municipal Opportunity Trust during the second quarter valued at approximately $139,000. Blue Bell Private Wealth Management LLC lifted its position in shares of Invesco Municipal Opportunity Trust by 7.7% in the second quarter. Blue Bell Private Wealth Management LLC now owns 14,601 shares of the investment management company’s stock valued at $147,000 after acquiring an additional 1,042 shares in the last quarter. Kercheville Advisors LLC boosted its stake in shares of Invesco Municipal Opportunity Trust by 15.3% in the third quarter. Kercheville Advisors LLC now owns 15,067 shares of the investment management company’s stock worth $155,000 after acquiring an additional 2,000 shares during the last quarter. Finally, Ackerman Capital Advisors LLC acquired a new stake in shares of Invesco Municipal Opportunity Trust in the third quarter worth approximately $161,000. 42.57% of the stock is owned by hedge funds and other institutional investors.

Invesco Municipal Opportunity Trust Price Performance

NYSE VMO opened at $10.15 on Friday. The business has a fifty day moving average price of $10.03 and a 200 day moving average price of $10.02. Invesco Municipal Opportunity Trust has a one year low of $9.07 and a one year high of $10.39.

Invesco Municipal Opportunity Trust Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 15th were given a $0.0625 dividend. This represents a $0.75 dividend on an annualized basis and a dividend yield of 7.39%. The ex-dividend date was Friday, November 15th.

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.