Inv Vk Mun Tr $VKQ Shares Bought by Advisors Asset Management Inc.

Key Points

• Advisors Asset Management Inc. increased its stake in Inv Vk Mun Tr by 16.4% in the first quarter, owning approximately 0.68% of the company with 374,512 shares valued at $3.61 million.
• The stock opened at $9.22, with a 52-week range from $8.86 to $10.47, while the recent dividend declared is $0.0628, yielding 8.2% annually.
• Hedge funds and institutional investors collectively own 32.00% of Inv Vk Mun Tr, indicating significant interest in this investment management firm.

Advisors Asset Management Inc. lifted its stake in Inv Vk Mun Tr (NYSE:VKQ - Free Report) by 16.4% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 374,512 shares of the investment management company's stock after buying an additional 52,673 shares during the quarter. Advisors Asset Management Inc. owned approximately 0.68% of Inv Vk Mun Tr worth $3,614,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Baird Financial Group Inc. increased its position in shares of Inv Vk Mun Tr by 2.3% in the first quarter. Baird Financial Group Inc. now owns 170,571 shares of the investment management company's stock valued at $1,646,000 after buying an additional 3,848 shares in the last quarter. Guggenheim Capital LLC boosted its holdings in shares of Inv Vk Mun Tr by 9.2% during the 1st quarter. Guggenheim Capital LLC now owns 1,164,942 shares of the investment management company's stock worth $11,242,000 after purchasing an additional 97,855 shares during the last quarter. NCM Capital Management LLC purchased a new stake in Inv Vk Mun Tr in the 1st quarter valued at $111,000. Elequin Capital LP purchased a new stake in shares of Inv Vk Mun Tr in the first quarter valued at about $65,000. Finally, Nuveen LLC acquired a new stake in shares of Inv Vk Mun Tr during the 1st quarter worth approximately $315,000. Hedge funds and other institutional investors own 32.00% of the company's stock.

Inv Vk Mun Tr Stock Performance

NYSE:VKQ opened at $9.22 on Friday. Inv Vk Mun Tr has a 52 week low of $8.86 and a 52 week high of $10.47. The stock's fifty day moving average is $9.12 and its two-hundred day moving average is $9.32.

Inv Vk Mun Tr Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 16th will be paid a $0.0628 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 8.2%. The ex-dividend date of this dividend is Tuesday, September 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.

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