Dakota Wealth Management Increases Stake in Invesco Municipal Trust (NYSE:VKQ)

Dakota Wealth Management boosted its stake in shares of Invesco Municipal Trust (NYSE:VKQ) by 7.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 118,661 shares of the investment management company’s stock after purchasing an additional 7,984 shares during the period. Dakota Wealth Management’s holdings in Invesco Municipal Trust were worth $1,217,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the stock. Karpus Management Inc. grew its holdings in shares of Invesco Municipal Trust by 30.3% during the first quarter. Karpus Management Inc. now owns 2,703,952 shares of the investment management company’s stock valued at $26,228,000 after buying an additional 628,699 shares during the last quarter. Robinson Capital Management LLC grew its stake in Invesco Municipal Trust by 19.3% during the 1st quarter. Robinson Capital Management LLC now owns 614,403 shares of the investment management company’s stock valued at $5,766,000 after purchasing an additional 99,443 shares during the last quarter. Matisse Capital purchased a new stake in Invesco Municipal Trust during the 1st quarter valued at about $944,000. Stratos Wealth Advisors LLC increased its holdings in shares of Invesco Municipal Trust by 88.1% in the third quarter. Stratos Wealth Advisors LLC now owns 207,716 shares of the investment management company’s stock valued at $2,131,000 after purchasing an additional 97,273 shares during the period. Finally, Rothschild Investment LLC purchased a new position in shares of Invesco Municipal Trust in the second quarter worth about $911,000. Institutional investors and hedge funds own 32.00% of the company’s stock.

Invesco Municipal Trust Stock Up 0.4 %

Invesco Municipal Trust stock opened at $9.97 on Friday. Invesco Municipal Trust has a 52 week low of $7.95 and a 52 week high of $10.47. The stock has a 50-day moving average price of $10.17 and a 200 day moving average price of $9.92.

Invesco Municipal Trust Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Wednesday, October 16th will be issued a $0.0628 dividend. This represents a $0.75 annualized dividend and a dividend yield of 7.56%. The ex-dividend date of this dividend is Wednesday, October 16th.

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.