Invesco Municipal Opportunity Trust (NYSE:VMO) Stock Passes Below 50 Day Moving Average – Should You Sell?

Shares of Invesco Municipal Opportunity Trust (NYSE:VMO) passed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $9.95 and traded as low as $9.48. Invesco Municipal Opportunity Trust shares last traded at $9.50, with a volume of 265,259 shares changing hands.

Invesco Municipal Opportunity Trust Stock Down 0.1 %

The stock has a 50 day moving average price of $9.95 and a 200 day moving average price of $10.04.

Invesco Municipal Opportunity Trust Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 17th will be given a $0.0625 dividend. This represents a $0.75 annualized dividend and a yield of 7.89%. The ex-dividend date is Tuesday, December 17th.

Hedge Funds Weigh In On Invesco Municipal Opportunity Trust

Hedge funds have recently made changes to their positions in the business. Rivernorth Capital Management LLC boosted its stake in shares of Invesco Municipal Opportunity Trust by 26.2% during the 3rd quarter. Rivernorth Capital Management LLC now owns 2,367,527 shares of the investment management company’s stock worth $24,315,000 after acquiring an additional 491,922 shares in the last quarter. Whitebox Advisors LLC purchased a new stake in shares of Invesco Municipal Opportunity Trust during the second quarter valued at $2,394,000. JFS Wealth Advisors LLC boosted its position in shares of Invesco Municipal Opportunity Trust by 1,629.2% in the 3rd quarter. JFS Wealth Advisors LLC now owns 144,908 shares of the investment management company’s stock valued at $1,488,000 after purchasing an additional 136,528 shares during the period. Rothschild Investment LLC acquired a new position in shares of Invesco Municipal Opportunity Trust in the 2nd quarter valued at $638,000. Finally, HighTower Advisors LLC purchased a new position in Invesco Municipal Opportunity Trust in the 3rd quarter worth about $496,000. Institutional investors and hedge funds own 42.57% of the company’s stock.

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.