Summit Financial Wealth Advisors buys $1,862,963 stake in Invesco Municipal Opportunity Trust (VMO)

Invesco Municipal Opportunity Trust (VMO) : Summit Financial Wealth Advisors scooped up 5,000 additional shares in Invesco Municipal Opportunity Trust during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 6, 2016. The investment management firm now holds a total of 123,375 shares of Invesco Municipal Opportunity Trust which is valued at $1,862,963.Invesco Municipal Opportunity Trust makes up approximately 0.77% of Summit Financial Wealth Advisors’s portfolio.

Invesco Municipal Opportunity Trust closed down -0.1767 points or -1.18% at $14.85 with 2,98,362 shares getting traded on Monday. Post opening the session at $15.05, the shares hit an intraday low of $14.83 and an intraday high of $15.05 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

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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