Inv Vk Mun Tr (NYSE:VKQ) Stock Price Crosses Above 50-Day Moving Average – Should You Sell?

Inv Vk Mun Tr (NYSE:VKQ)’s stock price crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $9.66 and traded as high as $9.70. Inv Vk Mun Tr shares last traded at $9.6150, with a volume of 373,768 shares traded.

Inv Vk Mun Tr Stock Performance

The business has a 50 day simple moving average of $9.66 and a 200 day simple moving average of $9.38.

Inv Vk Mun Tr Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Wednesday, December 31st. Investors of record on Tuesday, December 16th will be issued a dividend of $0.0628 per share. This represents a c) dividend on an annualized basis and a yield of 7.8%. The ex-dividend date is Tuesday, December 16th.

Insider Transactions at Inv Vk Mun Tr

In other Inv Vk Mun Tr news, Portfolio Manager Timothy M. O’reilly purchased 5,200 shares of Inv Vk Mun Tr stock in a transaction dated Wednesday, November 5th. The shares were acquired at an average price of $9.62 per share, with a total value of $50,024.00. Following the completion of the transaction, the portfolio manager owned 10,747 shares of the company’s stock, valued at $103,386.14. This trade represents a 93.74% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 5.37% of the stock is owned by company insiders.

Institutional Investors Weigh In On Inv Vk Mun Tr

Several large investors have recently added to or reduced their stakes in VKQ. US Bancorp DE acquired a new stake in Inv Vk Mun Tr during the 1st quarter worth approximately $26,000. Invesco Ltd. raised its stake in shares of Inv Vk Mun Tr by 42.8% in the first quarter. Invesco Ltd. now owns 147,047 shares of the investment management company’s stock valued at $1,419,000 after acquiring an additional 44,055 shares in the last quarter. Nuveen LLC acquired a new stake in shares of Inv Vk Mun Tr in the first quarter valued at $315,000. NCM Capital Management LLC purchased a new position in Inv Vk Mun Tr in the first quarter valued at $111,000. Finally, Guggenheim Capital LLC grew its stake in Inv Vk Mun Tr by 9.2% during the 1st quarter. Guggenheim Capital LLC now owns 1,164,942 shares of the investment management company’s stock worth $11,242,000 after purchasing an additional 97,855 shares in the last quarter. 32.00% of the stock is owned by hedge funds and other institutional investors.

Inv Vk Mun Tr 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.