Inv Vk Mun Tr (NYSE:VKQ) to Issue $0.06 Monthly Dividend

Inv Vk Mun Tr (NYSE:VKQ) announced a monthly dividend on Friday, January 2nd. Investors of record on Thursday, January 15th will be paid a dividend of 0.0628 per share by the investment management company on Friday, January 30th. This represents a c) dividend on an annualized basis and a yield of 7.7%. The ex-dividend date of this dividend is Thursday, January 15th.

Inv Vk Mun Tr Stock Performance

Inv Vk Mun Tr stock traded up $0.05 during trading hours on Tuesday, reaching $9.83. The stock had a trading volume of 60,135 shares, compared to its average volume of 178,358. Inv Vk Mun Tr has a 52 week low of $8.86 and a 52 week high of $10.18. The business’s 50 day moving average price is $9.64 and its 200-day moving average price is $9.45.

Insiders Place Their Bets

In other news, Portfolio Manager Timothy M. O’reilly purchased 5,200 shares of the business’s stock in a transaction on Wednesday, November 5th. The shares were acquired at an average cost of $9.62 per share, with a total value of $50,024.00. Following the completion of the acquisition, 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 filing with the SEC, which can be accessed through the SEC website. 5.37% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Inv Vk Mun Tr

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Advisory Services Network LLC purchased a new stake in shares of Inv Vk Mun Tr during the third quarter worth about $36,000. NewEdge Advisors LLC raised its position in shares of Inv Vk Mun Tr by 90.4% in the 3rd quarter. NewEdge Advisors LLC now owns 86,934 shares of the investment management company’s stock valued at $839,000 after purchasing an additional 41,284 shares during the last quarter. Lido Advisors LLC acquired a new stake in Inv Vk Mun Tr in the 3rd quarter worth approximately $141,000. Bank of America Corp DE grew its position in Inv Vk Mun Tr by 16.2% during the 3rd quarter. Bank of America Corp DE now owns 184,530 shares of the investment management company’s stock worth $1,781,000 after purchasing an additional 25,674 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its stake in Inv Vk Mun Tr by 33.4% during the 3rd quarter. Ameriprise Financial Inc. now owns 63,040 shares of the investment management company’s stock valued at $608,000 after purchasing an additional 15,774 shares in the last quarter. 32.00% of the stock is currently 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.