Dakota Wealth Management Trims Position in INV VK MUN TR (NYSE:VKQ)

Dakota Wealth Management reduced its position in INV VK MUN TR (NYSE:VKQ - Free Report) by 28.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 131,474 shares of the investment management company's stock after selling 52,072 shares during the quarter. Dakota Wealth Management owned approximately 0.24% of INV VK MUN TR worth $1,269,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also modified their holdings of the company. Guggenheim Capital LLC boosted its stake in INV VK MUN TR by 22.5% during the fourth quarter. Guggenheim Capital LLC now owns 1,067,087 shares of the investment management company's stock valued at $10,468,000 after buying an additional 196,259 shares during the last quarter. Pathstone Holdings LLC boosted its position in shares of INV VK MUN TR by 19.4% during the 4th quarter. Pathstone Holdings LLC now owns 823,912 shares of the investment management company's stock valued at $8,091,000 after acquiring an additional 133,792 shares during the last quarter. LPL Financial LLC grew its holdings in shares of INV VK MUN TR by 296.1% in the fourth quarter. LPL Financial LLC now owns 438,904 shares of the investment management company's stock valued at $4,306,000 after purchasing an additional 328,085 shares in the last quarter. Advisors Asset Management Inc. grew its holdings in shares of INV VK MUN TR by 87.9% in the fourth quarter. Advisors Asset Management Inc. now owns 321,839 shares of the investment management company's stock valued at $3,157,000 after purchasing an additional 150,513 shares in the last quarter. Finally, Stratos Wealth Advisors LLC increased its position in INV VK MUN TR by 1.2% in the first quarter. Stratos Wealth Advisors LLC now owns 205,186 shares of the investment management company's stock worth $1,980,000 after purchasing an additional 2,519 shares during the last quarter. 32.00% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Portfolio Manager Timothy M. O'reilly bought 5,400 shares of INV VK MUN TR stock in a transaction dated Tuesday, June 3rd. The shares were acquired at an average price of $9.19 per share, with a total value of $49,626.00. Following the completion of the purchase, the portfolio manager owned 5,400 shares in the company, valued at $49,626. The trade was a ∞ increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 5.37% of the company's stock.

INV VK MUN TR Price Performance

VKQ stock traded down $0.06 during trading on Friday, hitting $8.98. 181,966 shares of the company's stock traded hands, compared to its average volume of 171,805. INV VK MUN TR has a 52 week low of $8.86 and a 52 week high of $10.47. The business has a fifty day simple moving average of $9.18 and a 200 day simple moving average of $9.50.

INV VK MUN TR Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Wednesday, July 16th will be given a dividend of $0.0628 per share. This represents a $0.75 annualized dividend and a dividend yield of 8.39%. The ex-dividend date is Wednesday, July 16th.

About INV VK MUN TR

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.