Inv Vk Mun Tr (NYSE:VKQ) Hits New 52-Week High – What’s Next?

Shares of Inv Vk Mun Tr (NYSE:VKQ) hit a new 52-week high during trading on Wednesday . The company traded as high as $10.04 and last traded at $9.8410, with a volume of 525 shares traded. The stock had previously closed at $9.84.

Inv Vk Mun Tr Stock Performance

The company’s 50 day moving average price is $9.72 and its two-hundred day moving average price is $9.71.

Inv Vk Mun Tr Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be issued a $0.0628 dividend. This represents a c) annualized dividend and a dividend yield of 7.6%. The ex-dividend date is Monday, June 15th.

Institutional Trading of Inv Vk Mun Tr

A number of hedge funds have recently added to or reduced their stakes in the business. Advisory Services Network LLC purchased a new position in Inv Vk Mun Tr during the 3rd quarter valued at about $36,000. Global Retirement Partners LLC bought a new stake in shares of Inv Vk Mun Tr in the 4th quarter valued at about $41,000. Perennial Investment Advisors LLC purchased a new stake in shares of Inv Vk Mun Tr in the 3rd quarter worth approximately $107,000. Choreo LLC purchased a new stake in shares of Inv Vk Mun Tr in the 4th quarter worth approximately $124,000. Finally, Osaic Holdings Inc. boosted its stake in shares of Inv Vk Mun Tr by 16.9% during the second quarter. Osaic Holdings Inc. now owns 14,206 shares of the investment management company’s stock valued at $130,000 after purchasing an additional 2,051 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 Income Trust (NYSE: VKQ) is a closed-end management investment company that seeks to provide shareholders with a high level of current income exempt from federal income tax. The fund pursues its objective by investing primarily in municipal securities, including general obligation and revenue bonds issued by U.S. states, municipalities, counties and territories. As a tax-advantaged vehicle, the trust offers investors access to the municipal bond market through a diversified portfolio managed by seasoned fixed income professionals.

The trust generally allocates at least 80% of its assets to investment-grade municipal securities, although it may invest in lower-rated obligations when deemed appropriate by its management team.