Hennion & Walsh Asset Management Inc. Reduces Position in Invesco Municipal Trust (NYSE:VKQ)

Hennion & Walsh Asset Management Inc. cut its stake in Invesco Municipal Trust (NYSE:VKQ - Free Report) by 79.7% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 58,450 shares of the investment management company's stock after selling 229,628 shares during the period. Hennion & Walsh Asset Management Inc.'s holdings in Invesco Municipal Trust were worth $564,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Seamount Financial Group Inc. raised its stake in shares of Invesco Municipal Trust by 1.6% in the fourth quarter. Seamount Financial Group Inc. now owns 81,858 shares of the investment management company's stock worth $803,000 after purchasing an additional 1,287 shares during the last quarter. Van ECK Associates Corp lifted its stake in Invesco Municipal Trust by 2.7% during the 4th quarter. Van ECK Associates Corp now owns 413,979 shares of the investment management company's stock valued at $4,061,000 after acquiring an additional 10,868 shares during the period. Robinson Capital Management LLC boosted its holdings in shares of Invesco Municipal Trust by 36.4% in the 4th quarter. Robinson Capital Management LLC now owns 1,140,860 shares of the investment management company's stock valued at $11,192,000 after acquiring an additional 304,331 shares during the last quarter. Oppenheimer & Co. Inc. purchased a new stake in shares of Invesco Municipal Trust in the 4th quarter valued at $310,000. Finally, Raymond James Financial Inc. acquired a new stake in shares of Invesco Municipal Trust in the fourth quarter worth $1,045,000. Hedge funds and other institutional investors own 32.00% of the company's stock.

Invesco Municipal Trust Trading Up 0.1%

Shares of Invesco Municipal Trust stock traded up $0.01 during trading on Wednesday, hitting $9.19. 276,806 shares of the company's stock were exchanged, compared to its average volume of 144,717. The business has a 50-day simple moving average of $9.26 and a 200-day simple moving average of $9.65. Invesco Municipal Trust has a 52-week low of $8.86 and a 52-week high of $10.47.

Invesco Municipal Trust Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, June 30th. Shareholders of record on Tuesday, June 17th will be given a $0.0628 dividend. The ex-dividend date of this dividend is Tuesday, June 17th. This represents a $0.75 annualized dividend and a yield of 8.20%.

Insiders Place Their Bets

In other news, Portfolio Manager Timothy M. O'reilly bought 5,400 shares of the stock in a transaction dated Tuesday, June 3rd. The shares were acquired at an average cost of $9.19 per share, with a total value of $49,626.00. Following the purchase, the portfolio manager now directly owns 5,400 shares in the company, valued at $49,626. The trade was a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 5.37% of the company's stock.

Invesco Municipal Trust 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.