Inv Vk Mun Tr (NYSE:VKQ) Raises Dividend to $0.06 Per Share

Inv Vk Mun Tr (NYSE:VKQ) declared a monthly dividend on Thursday, October 1st. Shareholders of record on Wednesday, October 14th will be paid a dividend of $0.0628 per share by the investment management company on Friday, October 30th. This represents a $0.75 annualized dividend and a yield of 8.9%. The ex-dividend date of this dividend is Wednesday, October 14th. This is a 0.0% increase from Inv Vk Mun Tr’s previous monthly dividend of $0.0628.

Inv Vk Mun Tr Price Performance

Shares of Inv Vk Mun Tr stock opened at $8.48 on Friday. Inv Vk Mun Tr has a 1 year low of $8.25 and a 1 year high of $10.11. The company’s fifty day moving average is $9.49 and its two-hundred day moving average is $9.66.

Institutional Trading of Inv Vk Mun Tr

A number of hedge funds have recently added to or reduced their stakes in the stock. Oppenheimer & Co. Inc. lifted its holdings in shares of Inv Vk Mun Tr by 3.4% in the second quarter. Oppenheimer & Co. Inc. now owns 51,829 shares of the investment management company’s stock valued at $520,000 after purchasing an additional 1,725 shares in the last quarter. Choreo LLC raised its position in shares of Inv Vk Mun Tr by 14.5% during the 2nd quarter. Choreo LLC now owns 19,163 shares of the investment management company’s stock worth $192,000 after purchasing an additional 2,429 shares during the last quarter. Madison Park Capital Advisors LLC raised its position in shares of Inv Vk Mun Tr by 6.2% during the 1st quarter. Madison Park Capital Advisors LLC now owns 45,236 shares of the investment management company’s stock worth $431,000 after purchasing an additional 2,628 shares during the last quarter. World Investment Advisors lifted its stake in Inv Vk Mun Tr by 11.0% in the 1st quarter. World Investment Advisors now owns 27,269 shares of the investment management company’s stock valued at $260,000 after buying an additional 2,710 shares in the last quarter. Finally, PNC Financial Services Group Inc. lifted its stake in Inv Vk Mun Tr by 11.2% in the 4th quarter. PNC Financial Services Group Inc. now owns 33,153 shares of the investment management company’s stock valued at $320,000 after buying an additional 3,349 shares in the last quarter. 32.00% of the stock is owned by institutional investors and hedge funds.

Inv Vk Mun Tr Company Profile

Invesco Municipal Trust (NYSE: VKQ) is a closed-end management investment company that seeks to provide current income exempt from regular federal income tax. The fund primarily invests in a diversified portfolio of municipal securities issued by states, municipalities and other governmental entities.

The trust’s portfolio may include general obligation and revenue bonds, including securities used to finance public infrastructure, education, transportation, utilities and other essential services.