Wells Fargo & Company MN increased its holdings in shares of Invesco Municipal Trust (NYSE:VKQ) by 29.2% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 594,510 shares of the investment management company’s stock after purchasing an additional 134,520 shares during the period. Wells Fargo & Company MN’s holdings in Invesco Municipal Trust were worth $7,628,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in VKQ. Accuvest Global Advisors grew its stake in Invesco Municipal Trust by 14.9% in the second quarter. Accuvest Global Advisors now owns 122,410 shares of the investment management company’s stock valued at $1,571,000 after acquiring an additional 15,920 shares during the period. Fiduciary Financial Services of The Southwest Inc. TX acquired a new stake in Invesco Municipal Trust in the second quarter valued at approximately $171,000. First Trust Advisors LP grew its stake in Invesco Municipal Trust by 8.9% in the second quarter. First Trust Advisors LP now owns 73,971 shares of the investment management company’s stock valued at $949,000 after acquiring an additional 6,071 shares during the period. JFS Wealth Advisors LLC grew its stake in Invesco Municipal Trust by 1.4% in the second quarter. JFS Wealth Advisors LLC now owns 188,468 shares of the investment management company’s stock valued at $2,418,000 after acquiring an additional 2,512 shares during the period. Finally, IFC Holdings Incorporated FL grew its stake in Invesco Municipal Trust by 3.3% in the second quarter. IFC Holdings Incorporated FL now owns 71,333 shares of the investment management company’s stock valued at $916,000 after acquiring an additional 2,304 shares during the period. 9.67% of the stock is owned by institutional investors and hedge funds.
Shares of Invesco Municipal Trust (NYSE:VKQ) opened at 12.72 on Friday. The firm has a 50-day moving average price of $12.88 and a 200-day moving average price of $12.77. Invesco Municipal Trust has a 52 week low of $11.89 and a 52 week high of $13.70.
The company also recently announced a monthly dividend, which will be paid on Tuesday, October 31st. Shareholders of record on Friday, October 13th will be issued a dividend of $0.0591 per share. The ex-dividend date of this dividend is Thursday, October 12th. This represents a $0.71 dividend on an annualized basis and a dividend yield of 5.58%.
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Invesco Municipal Trust Company Profile
Invesco Municipal Trust (the 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. The Trust invests approximately 80% of its assets in municipal securities rated investment grade at the time of investment.
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