New Vernon Investment Management Lowers stake in Invesco Municipal Opportunity Trust (VMO)

Invesco Municipal Opportunity Trust (VMO) : New Vernon Investment Management reduced its stake in Invesco Municipal Opportunity Trust by 30.24% during the most recent quarter end. The investment management company now holds a total of 346,000 shares of Invesco Municipal Opportunity Trust which is valued at $5 Million after selling 150,000 shares in Invesco Municipal Opportunity Trust , the firm said in a disclosure report filed with the SEC on May 13, 2016.Invesco Municipal Opportunity Trust makes up approximately 4.28% of New Vernon Investment Management’s portfolio.

Other Hedge Funds, Including , Fca Corp Tx boosted its stake in VMO in the latest quarter, The investment management firm added 13,060 additional shares and now holds a total of 86,755 shares of Invesco Municipal Opportunity Trust which is valued at $1.2 Million. Invesco Municipal Opportunity Trust makes up approx 0.65% of Fca Corp Tx’s portfolio. Ausdal Financial Partners sold out all of its stake in VMO during the most recent quarter. The investment firm sold 2,068 shares of VMO which is valued $29,903. Sandy Spring Bank sold out all of its stake in VMO during the most recent quarter. The investment firm sold 2,000 shares of VMO which is valued $28,920.Cambridge Investment Research Advisors boosted its stake in VMO in the latest quarter, The investment management firm added 87 additional shares and now holds a total of 15,698 shares of Invesco Municipal Opportunity Trust which is valued at $226,993. Invesco Municipal Opportunity Trust makes up approx 0.01% of Cambridge Investment Research Advisors’s portfolio.

Invesco Municipal Opportunity Trust opened for trading at $13.85 and hit $14.05 on the upside on Wednesday, eventually ending the session at $14.03, with a gain of 1.01% or 0.14 points. The heightened volatility saw the trading volume jump to 1,83,975 shares. Company has a market cap of $215 M.

Invesco Municipal Opportunity Trust is a diversified closed-end management investment company. The Trust’s investment objective is to provide common shareholders with a high level of current income exempt from federal income tax consistent with preservation of capital. Under normal market conditions the Trust will invest at least 80% of its net assets in municipal securities rated investment grade at the time of investment. Municipal securities include municipal bonds municipal notes municipal commercial paper and lease obligations. The Trust may also invest up to 20% of its net assets in non-investment-grade and unrated securities. From time to time it may invest in municipal securities that pay interest subject to the federal alternative minimum tax. Invesco Advisers Inc. serves as the investment adviser of the Trust.

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