Raymond James & Associates Sells 2,318 Shares of Invesco Municipal Trust (NYSE:VKQ)

Raymond James & Associates reduced its stake in Invesco Municipal Trust (NYSE:VKQ) by 2.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 80,112 shares of the investment management company’s stock after selling 2,318 shares during the quarter. Raymond James & Associates owned 0.14% of Invesco Municipal Trust worth $763,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Capital Investment Advisors LLC lifted its holdings in shares of Invesco Municipal Trust by 13.7% in the third quarter. Capital Investment Advisors LLC now owns 151,406 shares of the investment management company’s stock valued at $1,263,000 after purchasing an additional 18,230 shares in the last quarter. Commonwealth Equity Services LLC raised its position in Invesco Municipal Trust by 33.0% in the 3rd quarter. Commonwealth Equity Services LLC now owns 93,806 shares of the investment management company’s stock valued at $782,000 after buying an additional 23,271 shares during the last quarter. Advisor Partners II LLC acquired a new stake in Invesco Municipal Trust in the 3rd quarter valued at approximately $987,000. Hennion & Walsh Asset Management Inc. lifted its stake in Invesco Municipal Trust by 22.4% in the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 275,261 shares of the investment management company’s stock valued at $2,296,000 after acquiring an additional 50,462 shares in the last quarter. Finally, Oppenheimer & Co. Inc. acquired a new position in Invesco Municipal Trust during the 3rd quarter worth approximately $86,000. 32.00% of the stock is owned by institutional investors and hedge funds.

Invesco Municipal Trust Trading Up 0.8 %

NYSE VKQ opened at $9.31 on Wednesday. The firm’s 50 day moving average is $9.50 and its 200-day moving average is $9.23. Invesco Municipal Trust has a 12-month low of $7.94 and a 12-month high of $9.76.

Invesco Municipal Trust Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Tuesday, April 16th will be paid a $0.0391 dividend. The ex-dividend date is Monday, April 15th. This represents a $0.47 annualized dividend and a yield of 5.04%.

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.