Invesco Municipal Trust (NYSE:VKQ) Stock Price Passes Below 200-Day Moving Average – Should You Sell?

Invesco Municipal Trust (NYSE:VKQ)’s stock price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $9.97 and traded as low as $9.96. Invesco Municipal Trust shares last traded at $10.02, with a volume of 163,719 shares.

Invesco Municipal Trust Price Performance

The company has a fifty day simple moving average of $10.17 and a 200-day simple moving average of $9.97.

Invesco Municipal Trust Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 15th will be issued a dividend of $0.0628 per share. This represents a $0.75 annualized dividend and a dividend yield of 7.46%. The ex-dividend date is Friday, November 15th.

Institutional Trading of Invesco Municipal Trust

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Avior Wealth Management LLC increased its position in shares of Invesco Municipal Trust by 19.2% in the third quarter. Avior Wealth Management LLC now owns 19,647 shares of the investment management company’s stock worth $202,000 after acquiring an additional 3,158 shares in the last quarter. Pathstone Holdings LLC grew its position in Invesco Municipal Trust by 37.2% during the 3rd quarter. Pathstone Holdings LLC now owns 690,120 shares of the investment management company’s stock worth $7,081,000 after purchasing an additional 187,221 shares in the last quarter. JFS Wealth Advisors LLC raised its stake in Invesco Municipal Trust by 1,624.1% during the 3rd quarter. JFS Wealth Advisors LLC now owns 144,206 shares of the investment management company’s stock valued at $1,480,000 after purchasing an additional 135,842 shares during the period. Ackerman Capital Advisors LLC purchased a new stake in shares of Invesco Municipal Trust in the third quarter valued at $137,000. Finally, Dakota Wealth Management boosted its position in shares of Invesco Municipal Trust by 7.2% in the third quarter. Dakota Wealth Management now owns 118,661 shares of the investment management company’s stock worth $1,217,000 after buying an additional 7,984 shares during the period. Institutional investors and hedge funds own 32.00% of the company’s stock.

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.