Inv Vk Mun Tr (NYSE:VKQ) Sets New 12-Month Low – What’s Next?

Inv Vk Mun Tr (NYSE:VKQ) shares reached a new 52-week low during trading on Monday . The stock traded as low as $9.10 and last traded at $9.2250, with a volume of 213824 shares changing hands. The stock had previously closed at $9.17.

Inv Vk Mun Tr Trading Up 0.6%

The business has a fifty day moving average price of $9.70 and a 200 day moving average price of $9.73.

Inv Vk Mun Tr Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Monday, September 14th will be paid a $0.0628 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 8.2%. The ex-dividend date of this dividend is Monday, September 14th.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Global Retirement Partners LLC bought a new position in Inv Vk Mun Tr during the 2nd quarter valued at $74,000. Susquehanna International Group LLP bought a new position in Inv Vk Mun Tr during the second quarter valued at about $139,000. Vericrest Private Wealth acquired a new position in Inv Vk Mun Tr during the fourth quarter worth about $169,000. Choreo LLC raised its position in Inv Vk Mun Tr by 14.5% in the second quarter. Choreo LLC now owns 19,163 shares of the investment management company’s stock worth $192,000 after acquiring an additional 2,429 shares in the last quarter. Finally, Worth Asset Management LLC acquired a new stake in Inv Vk Mun Tr in the 2nd quarter valued at about $212,000. Institutional investors and hedge funds own 32.00% of the company’s stock.

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.