Invesco Municipal Opportunity Trust (VMO): Robert John Stryker , other of Invesco Municipal Opportunity Trust purchased 500 shares on May 3, 2016. The Insider buying transaction was reported by the company on May 5, 2016 to the Securities and Exchange Commission. The shares were purchased at $14.19 per share for a total value of $7,095.00 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Sep 24, 2015, Rodney F Dammeyer (other) sold 5,978 shares at $12.52 per share price.On Aug 14, 2015, Thomas Byron (other) sold 500 shares at $12.58 per share price.
Invesco Municipal Opportunity Trust: On Wednesday, May 4, 2016 heightened volatility was witnessed in Invesco Municipal Opportunity Trust which led to swings in the share price. The shares opened for trading at $14.27 and hit $14.35 on the upside , eventually ending the session at $14.33, with a gain of 0.49% or 0.07 points. The heightened volatility saw the trading volume jump to 1,75,414 shares. The 52-week high of the share price is $13.43 and the company has a market cap of $220 M . The 52-week low of the share price is at $11.95.
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.