Invesco Municipal Trust (NYSE:VKQ) Share Price Crosses Below 200-Day Moving Average – Here’s Why

Shares of Invesco Municipal Trust (NYSE:VKQ) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $10.02 and traded as low as $9.92. Invesco Municipal Trust shares last traded at $9.96, with a volume of 129,294 shares changing hands.

Invesco Municipal Trust Stock Up 0.6 %

The company has a 50 day moving average price of $10.14 and a 200-day moving average price of $10.02.

Invesco Municipal Trust Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 15th will be given a dividend of $0.0628 per share. This represents a $0.75 dividend on an annualized basis and a yield of 7.57%. The ex-dividend date of this dividend is Friday, November 15th.

Institutional Trading of Invesco Municipal Trust

A number of hedge funds have recently added to or reduced their stakes in VKQ. Commonwealth Equity Services LLC boosted its holdings in shares of Invesco Municipal Trust by 36.7% during the 2nd quarter. Commonwealth Equity Services LLC now owns 156,701 shares of the investment management company’s stock valued at $1,561,000 after acquiring an additional 42,096 shares in the last quarter. Advisors Asset Management Inc. boosted its stake in shares of Invesco Municipal Trust by 93.1% during the first quarter. Advisors Asset Management Inc. now owns 176,750 shares of the investment management company’s stock valued at $1,714,000 after purchasing an additional 85,239 shares in the last quarter. Rothschild Investment LLC bought a new stake in shares of Invesco Municipal Trust during the second quarter worth about $911,000. Wealth Alliance Advisory Group LLC grew its holdings in Invesco Municipal Trust by 3.3% during the 2nd quarter. Wealth Alliance Advisory Group LLC now owns 57,109 shares of the investment management company’s stock worth $569,000 after acquiring an additional 1,803 shares during the last quarter. Finally, Wealthspire Advisors LLC acquired a new position in Invesco Municipal Trust in the 2nd quarter valued at approximately $441,000. Institutional investors and hedge funds own 32.00% of the company’s stock.

Invesco Municipal Trust 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.