10,779 Shares in Invesco Municipal Trust (NYSE:VKQ) Bought by Moors & Cabot Inc.

Moors & Cabot Inc. bought a new position in Invesco Municipal Trust (NYSE:VKQ) in the 2nd quarter, Holdings Channel.com reports. The firm bought 10,779 shares of the investment management company’s stock, valued at approximately $102,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in VKQ. Wolverine Asset Management LLC purchased a new stake in Invesco Municipal Trust during the second quarter valued at about $31,000. Captrust Financial Advisors purchased a new stake in Invesco Municipal Trust during the second quarter valued at about $44,000. Compass Wealth Management LLC purchased a new stake in Invesco Municipal Trust during the second quarter valued at about $73,000. Nomura Holdings Inc. purchased a new stake in Invesco Municipal Trust during the first quarter valued at about $99,000. Finally, Cetera Advisor Networks LLC purchased a new stake in Invesco Municipal Trust during the second quarter valued at about $106,000. 26.69% of the stock is currently owned by hedge funds and other institutional investors.

Invesco Municipal Trust Stock Performance

NYSE VKQ opened at $9.05 on Tuesday. The company has a 50-day simple moving average of $8.50 and a two-hundred day simple moving average of $9.05. Invesco Municipal Trust has a 12-month low of $7.94 and a 12-month high of $10.35.

Invesco Municipal Trust Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Thursday, November 30th. Stockholders of record on Wednesday, November 15th will be issued a dividend of $0.0346 per share. The ex-dividend date of this dividend is Tuesday, November 14th. This represents a $0.42 dividend on an annualized basis and a dividend yield of 4.59%.

Invesco Municipal Trust Company Profile

Invesco Municipal 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 Hong Kong Limited, INVESCO Senior Secured Management, Inc, and Invesco Canada Ltd.