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

Hennion & Walsh Asset Management Inc. reduced its position in shares of Invesco Municipal Trust (NYSE:VKQ - Free Report) by 79.7% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 58,450 shares of the investment management company's stock after selling 229,628 shares during the quarter. Hennion & Walsh Asset Management Inc.'s holdings in Invesco Municipal Trust were worth $564,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. PNC Financial Services Group Inc. lifted its stake in Invesco Municipal Trust by 467.5% during the 4th quarter. PNC Financial Services Group Inc. now owns 42,526 shares of the investment management company's stock valued at $417,000 after acquiring an additional 35,032 shares in the last quarter. Oppenheimer & Co. Inc. bought a new position in Invesco Municipal Trust during the fourth quarter worth about $310,000. LPL Financial LLC grew its stake in Invesco Municipal Trust by 296.1% in the 4th quarter. LPL Financial LLC now owns 438,904 shares of the investment management company's stock valued at $4,306,000 after buying an additional 328,085 shares in the last quarter. Van ECK Associates Corp grew its position in shares of Invesco Municipal Trust by 2.7% in the fourth quarter. Van ECK Associates Corp now owns 413,979 shares of the investment management company's stock valued at $4,061,000 after purchasing an additional 10,868 shares in the last quarter. Finally, Invesco Ltd. increased its position in shares of Invesco Municipal Trust by 150.3% during the fourth quarter. Invesco Ltd. now owns 102,992 shares of the investment management company's stock valued at $1,010,000 after buying an additional 61,839 shares during the period. Institutional investors own 32.00% of the company's stock.

Invesco Municipal Trust Stock Performance

Invesco Municipal Trust stock traded up $0.02 during midday trading on Monday, reaching $9.16. 109,161 shares of the stock were exchanged, compared to its average volume of 159,924. Invesco Municipal Trust has a 52 week low of $8.86 and a 52 week high of $10.47. The company's fifty day moving average is $9.28 and its 200-day moving average is $9.66.

Invesco Municipal Trust Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, June 30th. Stockholders of record on Tuesday, June 17th will be issued a $0.0628 dividend. The ex-dividend date is Tuesday, June 17th. This represents a $0.75 annualized dividend and a dividend yield of 8.23%.

Insider Buying and Selling

In related news, Portfolio Manager Timothy M. O'reilly acquired 5,400 shares of the company's stock in a transaction dated Tuesday, June 3rd. The stock was bought at an average cost of $9.19 per share, with a total value of $49,626.00. Following the acquisition, the portfolio manager now owns 5,400 shares of the company's stock, valued at approximately $49,626. The trade was a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 5.37% of the stock is currently owned by company insiders.

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.