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

Key Points

• Inv Vk Mun Tr declared a monthly dividend of $0.0628 per share, payable September 30 to shareholders of record on September 14. The dividend implies an annualized payout of approximately $0.75 per share and a 7.8% yield.
• VKQ opened at $9.61, below its 50-day moving average of $9.86 and 200-day average of $9.78. The stock has traded between $9.05 and $10.11 over the past 52 weeks.
• Several institutional investors increased their holdings, while institutional ownership stands at 32%. The closed-end fund primarily invests in municipal securities to provide federally tax-exempt income, generally allocating at least 80% of assets to investment-grade bonds.

Inv Vk Mun Tr (NYSE:VKQ - Get Free Report) announced a monthly dividend on Tuesday, September 1st. Investors of record on Monday, September 14th will be given a dividend of 0.0628 per share by the investment management company on Wednesday, September 30th. This represents a c) annualized dividend and a yield of 7.8%. The ex-dividend date of this dividend is Monday, September 14th.

Inv Vk Mun Tr Stock Performance

VKQ stock opened at $9.61 on Wednesday. The business has a 50 day moving average price of $9.86 and a 200 day moving average price of $9.78. Inv Vk Mun Tr has a fifty-two week low of $9.05 and a fifty-two week high of $10.11.

Institutional Trading of Inv Vk Mun Tr

Several institutional investors have recently modified their holdings of the stock. Oppenheimer & Co. Inc. grew its position in shares of Inv Vk Mun Tr by 3.4% in the 2nd quarter. Oppenheimer & Co. Inc. now owns 51,829 shares of the investment management company's stock valued at $520,000 after buying an additional 1,725 shares during the last quarter. Osaic Holdings Inc. lifted its position in Inv Vk Mun Tr by 16.9% in the second quarter. Osaic Holdings Inc. now owns 14,206 shares of the investment management company's stock valued at $130,000 after acquiring an additional 2,051 shares during the last quarter. Choreo LLC lifted 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 valued at $192,000 after acquiring an additional 2,429 shares during the last quarter. Madison Park Capital Advisors LLC increased its position in shares of Inv Vk Mun Tr by 6.2% during the first quarter. Madison Park Capital Advisors LLC now owns 45,236 shares of the investment management company's stock worth $431,000 after purchasing an additional 2,628 shares in the last quarter. Finally, World Investment Advisors increased its position in shares of Inv Vk Mun Tr by 11.0% during the first quarter. World Investment Advisors now owns 27,269 shares of the investment management company's stock worth $260,000 after purchasing an additional 2,710 shares in the last quarter. Hedge funds and other institutional investors own 32.00% of the company's stock.

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.

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