Van ECK Associates Corp Sells 81,334 Shares of Inv Vk Mun Tr $VKQ

Van ECK Associates Corp cut its position in Inv Vk Mun Tr (NYSE:VKQ) by 18.1% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 368,154 shares of the investment management company’s stock after selling 81,334 shares during the quarter. Van ECK Associates Corp owned about 0.67% of Inv Vk Mun Tr worth $3,696,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Jones Financial Companies Lllp bought a new stake in shares of Inv Vk Mun Tr in the first quarter valued at about $769,000. Invesco Ltd. raised its stake in Inv Vk Mun Tr by 11.5% in the 2nd quarter. Invesco Ltd. now owns 163,951 shares of the investment management company’s stock worth $1,500,000 after purchasing an additional 16,904 shares in the last quarter. Raymond James Financial Inc. boosted its holdings in Inv Vk Mun Tr by 53.6% in the 2nd quarter. Raymond James Financial Inc. now owns 203,544 shares of the investment management company’s stock valued at $1,862,000 after purchasing an additional 71,026 shares during the period. Bank of America Corp DE grew its position in shares of Inv Vk Mun Tr by 10.4% during the 2nd quarter. Bank of America Corp DE now owns 158,856 shares of the investment management company’s stock worth $1,454,000 after purchasing an additional 14,905 shares in the last quarter. Finally, Osaic Holdings Inc. grew its position in shares of Inv Vk Mun Tr by 16.9% during the 2nd quarter. Osaic Holdings Inc. now owns 14,206 shares of the investment management company’s stock worth $130,000 after purchasing an additional 2,051 shares in the last quarter. Institutional investors own 32.00% of the company’s stock.

Inv Vk Mun Tr Trading Down 0.1%

NYSE VKQ opened at $9.55 on Friday. The company has a 50 day moving average of $9.84 and a 200-day moving average of $9.77. Inv Vk Mun Tr has a 1-year low of $9.09 and a 1-year high of $10.11.

Inv Vk Mun Tr Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Investors of record on Monday, September 14th will be given a $0.0628 dividend. The ex-dividend date is Monday, September 14th. This represents a c) dividend on an annualized basis and a dividend yield of 7.9%.

Inv Vk Mun Tr Profile

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.