Insight Wealth Strategies LLC Invests $247,000 in Invesco Municipal Opportunity Trust (NYSE:VMO)

Insight Wealth Strategies LLC bought a new stake in Invesco Municipal Opportunity Trust (NYSE:VMO) in the 4th quarter, Holdings Channel.com reports. The firm bought 25,383 shares of the investment management company’s stock, valued at approximately $247,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Encompass More Asset Management bought a new stake in Invesco Municipal Opportunity Trust in the third quarter valued at approximately $133,000. Choreo LLC acquired a new position in shares of Invesco Municipal Opportunity Trust during the 2nd quarter worth approximately $139,000. Kercheville Advisors LLC raised its stake in Invesco Municipal Opportunity Trust by 15.3% in the 3rd quarter. Kercheville Advisors LLC now owns 15,067 shares of the investment management company’s stock valued at $155,000 after acquiring an additional 2,000 shares during the period. Ackerman Capital Advisors LLC acquired a new stake in Invesco Municipal Opportunity Trust during the 3rd quarter valued at $161,000. Finally, Walleye Capital LLC bought a new position in Invesco Municipal Opportunity Trust during the third quarter worth $164,000. Institutional investors own 42.57% of the company’s stock.

Invesco Municipal Opportunity Trust Price Performance

Shares of VMO opened at $9.72 on Tuesday. The company’s 50-day moving average is $9.86 and its 200-day moving average is $10.02. Invesco Municipal Opportunity Trust has a fifty-two week low of $9.16 and a fifty-two week high of $10.39.

Invesco Municipal Opportunity Trust Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, January 31st. Shareholders of record on Friday, January 17th will be given a dividend of $0.0625 per share. The ex-dividend date is Friday, January 17th. This represents a $0.75 annualized dividend and a yield of 7.72%.

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.