Nuveen LLC Makes New Investment in INV VK MUN TR $VKQ

Key Points

• Nuveen LLC acquired 32,624 shares of Inv Vk Mun Tr (NYSE:VKQ) during the first quarter, valued at approximately $315,000, representing around 0.06% of the company's total shares.
• Several institutional investors, including Pathstone Holdings LLC and PNC Financial Services Group Inc., significantly increased their stakes in the fund, enhancing their holdings by up to 218.4% in recent quarters.
• The fund announced a monthly dividend of $0.0628 per share with an annualized yield of 8.2%, payable on September 30th to shareholders of record as of September 16th.

Nuveen LLC bought a new position in shares of INV VK MUN TR (NYSE:VKQ - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 32,624 shares of the investment management company's stock, valued at approximately $315,000. Nuveen LLC owned about 0.06% of INV VK MUN TR as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in VKQ. Pathstone Holdings LLC lifted its stake in INV VK MUN TR by 19.4% in the fourth quarter. Pathstone Holdings LLC now owns 823,912 shares of the investment management company's stock valued at $8,091,000 after buying an additional 133,792 shares during the period. LPL Financial LLC lifted its stake in INV VK MUN TR by 23.6% in the first quarter. LPL Financial LLC now owns 542,278 shares of the investment management company's stock valued at $5,233,000 after buying an additional 103,374 shares during the period. Invesco Ltd. lifted its stake in 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 buying an additional 44,055 shares during the period. PNC Financial Services Group Inc. lifted its stake in INV VK MUN TR by 64.1% in the first quarter. PNC Financial Services Group Inc. now owns 69,790 shares of the investment management company's stock valued at $673,000 after buying an additional 27,264 shares during the period. Finally, Stifel Financial Corp lifted its stake in INV VK MUN TR by 218.4% in the fourth quarter. Stifel Financial Corp now owns 37,905 shares of the investment management company's stock valued at $372,000 after buying an additional 26,000 shares during the period. Institutional investors own 32.00% of the company's stock.

INV VK MUN TR Stock Up 0.6%

NYSE VKQ traded up $0.06 during trading on Thursday, reaching $9.57. 272,125 shares of the stock traded hands, compared to its average volume of 285,156. The stock's 50-day moving average price is $9.14 and its 200 day moving average price is $9.31. INV VK MUN TR has a fifty-two week low of $8.86 and a fifty-two week high of $10.47.

INV VK MUN TR Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, September 30th. Investors of record on Tuesday, September 16th will be issued a dividend of $0.0628 per share. The ex-dividend date is Tuesday, September 16th. This represents a c) dividend on an annualized basis and a yield of 7.9%.

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.