Inv Vk Mun Tr Announces Monthly Dividend of $0.06 (NYSE:VKQ)

Inv Vk Mun Tr (NYSE:VKQ) announced a monthly dividend on Tuesday, September 2nd, Wall Street Journal reports. Shareholders of record on Tuesday, September 16th will be given a dividend of 0.0628 per share by the investment management company on Tuesday, September 30th. This represents a c) dividend on an annualized basis and a yield of 7.9%. The ex-dividend date of this dividend is Tuesday, September 16th.

Inv Vk Mun Tr Stock Down 0.3%

VKQ stock opened at $9.55 on Friday. Inv Vk Mun Tr has a one year low of $8.86 and a one year high of $10.47. The firm has a 50-day moving average of $9.15 and a two-hundred day moving average of $9.30.

Institutional Investors Weigh In On Inv Vk Mun Tr

Hedge funds have recently bought and sold shares of the business. PNC Financial Services Group Inc. lifted its stake in Inv Vk Mun Tr by 64.1% in the 1st quarter. PNC Financial Services Group Inc. now owns 69,790 shares of the investment management company’s stock worth $673,000 after acquiring an additional 27,264 shares in the last quarter. Invesco Ltd. lifted its stake in Inv Vk Mun Tr by 42.8% in the 1st quarter. Invesco Ltd. now owns 147,047 shares of the investment management company’s stock worth $1,419,000 after acquiring an additional 44,055 shares in the last quarter. Wealthcare Advisory Partners LLC lifted its stake in Inv Vk Mun Tr by 9.3% in the 1st quarter. Wealthcare Advisory Partners LLC now owns 18,907 shares of the investment management company’s stock worth $182,000 after acquiring an additional 1,613 shares in the last quarter. Sowell Financial Services LLC purchased a new stake in Inv Vk Mun Tr in the 1st quarter worth about $135,000. Finally, LPL Financial LLC lifted its stake in Inv Vk Mun Tr by 23.6% in the 1st quarter. LPL Financial LLC now owns 542,278 shares of the investment management company’s stock worth $5,233,000 after acquiring an additional 103,374 shares in the last quarter. 32.00% of the stock is owned by hedge funds and other institutional investors.

About Inv Vk Mun Tr

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.