Hennion & Walsh Asset Management Inc. Sells 2,674 Shares of Invesco Municipal Trust (NYSE:VKQ)

Hennion & Walsh Asset Management Inc. cut its holdings in Invesco Municipal Trust (NYSE:VKQ) by 0.9% in the third quarter, Holdings Channel.com reports. The fund owned 291,159 shares of the investment management company’s stock after selling 2,674 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in Invesco Municipal Trust were worth $2,987,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Private Advisor Group LLC acquired a new stake in shares of Invesco Municipal Trust in the 3rd quarter valued at $108,000. Madison Park Capital Advisors LLC raised its holdings in Invesco Municipal Trust by 19.1% during the third quarter. Madison Park Capital Advisors LLC now owns 31,360 shares of the investment management company’s stock valued at $322,000 after buying an additional 5,025 shares in the last quarter. Wealth Alliance Advisory Group LLC lifted its position in shares of Invesco Municipal Trust by 5.7% in the third quarter. Wealth Alliance Advisory Group LLC now owns 60,382 shares of the investment management company’s stock worth $620,000 after buying an additional 3,273 shares during the last quarter. Capital Investment Advisors LLC boosted its stake in shares of Invesco Municipal Trust by 2.1% during the 3rd quarter. Capital Investment Advisors LLC now owns 174,514 shares of the investment management company’s stock worth $1,791,000 after acquiring an additional 3,672 shares in the last quarter. Finally, Stratos Wealth Advisors LLC increased its holdings in shares of Invesco Municipal Trust by 88.1% during the 3rd quarter. Stratos Wealth Advisors LLC now owns 207,716 shares of the investment management company’s stock valued at $2,131,000 after acquiring an additional 97,273 shares during the last quarter. 32.00% of the stock is owned by institutional investors.

Invesco Municipal Trust Stock Performance

VKQ opened at $9.93 on Friday. The business has a 50 day moving average price of $10.17 and a 200 day moving average price of $9.91. Invesco Municipal Trust has a twelve month low of $7.94 and a twelve month high of $10.47.

Invesco Municipal Trust Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Wednesday, October 16th will be paid a $0.0628 dividend. This represents a $0.75 dividend on an annualized basis and a dividend yield of 7.59%. The ex-dividend date of this dividend is Wednesday, October 16th.

About Invesco Municipal Trust

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.