Permanent Capital Management LP Invests $152,000 in Invesco Municipal Opportunity Trust (NYSE:VMO)

Permanent Capital Management LP purchased a new position in Invesco Municipal Opportunity Trust (NYSE:VMO) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 15,649 shares of the investment management company’s stock, valued at approximately $152,000.

A number of other institutional investors also recently made changes to their positions in VMO. Raymond James Financial Inc. acquired a new position in shares of Invesco Municipal Opportunity Trust in the fourth quarter worth $7,598,000. Robinson Capital Management LLC increased its stake in Invesco Municipal Opportunity Trust by 44.1% in the fourth quarter. Robinson Capital Management LLC now owns 1,697,121 shares of the investment management company’s stock valued at $16,496,000 after purchasing an additional 519,405 shares during the last quarter. Rivernorth Capital Management LLC increased its stake in Invesco Municipal Opportunity Trust by 26.2% in the third quarter. Rivernorth Capital Management LLC now owns 2,367,527 shares of the investment management company’s stock valued at $24,315,000 after purchasing an additional 491,922 shares during the last quarter. Absolute Investment Advisers LLC acquired a new position in Invesco Municipal Opportunity Trust in the fourth quarter valued at $618,000. Finally, HighTower Advisors LLC acquired a new position in Invesco Municipal Opportunity Trust in the third quarter valued at $496,000. 42.57% of the stock is owned by institutional investors and hedge funds.

Invesco Municipal Opportunity Trust Trading Down 0.7 %

Invesco Municipal Opportunity Trust stock opened at $9.74 on Friday. The stock has a fifty day moving average price of $9.76 and a 200 day moving average price of $9.93. Invesco Municipal Opportunity Trust has a 52 week low of $9.22 and a 52 week high of $10.39.

Invesco Municipal Opportunity Trust Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be paid a $0.0625 dividend. The ex-dividend date of this dividend is Monday, March 17th. This represents a $0.75 annualized dividend and a yield of 7.70%.

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.