Guggenheim Capital LLC Raises Stake in Inv Vk Mun Tr $VKQ

Key Points

• Guggenheim Capital LLC increased its stake in INV VK MUN TR by 9.2%, owning over 1.16 million shares valued at approximately $11.2 million as of its latest SEC filing.
• A monthly dividend of $0.0628 will be paid to stockholders on August 29th, resulting in an annualized yield of 8.3%.
• Hedge funds collectively hold 32.00% of INV VK MUN TR's stock, indicating significant institutional interest in the company.

Guggenheim Capital LLC raised its holdings in Inv Vk Mun Tr (NYSE:VKQ - Free Report) by 9.2% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,164,942 shares of the investment management company's stock after purchasing an additional 97,855 shares during the quarter. Guggenheim Capital LLC owned 2.11% of Inv Vk Mun Tr worth $11,242,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently bought and sold shares of the company. PNC Financial Services Group Inc. grew its stake in Inv Vk Mun Tr by 64.1% in the 1st quarter. PNC Financial Services Group Inc. now owns 69,790 shares of the investment management company's stock valued at $673,000 after purchasing an additional 27,264 shares during the period. Wealthcare Advisory Partners LLC grew its stake in Inv Vk Mun Tr by 9.3% in the 1st quarter. Wealthcare Advisory Partners LLC now owns 18,907 shares of the investment management company's stock valued at $182,000 after purchasing an additional 1,613 shares during the period. Sowell Financial Services LLC bought a new position in Inv Vk Mun Tr in the 1st quarter valued at $135,000. LPL Financial LLC grew its stake in Inv Vk Mun Tr by 23.6% in the 1st quarter. LPL Financial LLC now owns 542,278 shares of the investment management company's stock valued at $5,233,000 after purchasing an additional 103,374 shares during the period. Finally, Bank of America Corp DE grew its stake in Inv Vk Mun Tr by 9.4% in the 4th quarter. Bank of America Corp DE now owns 147,180 shares of the investment management company's stock valued at $1,444,000 after purchasing an additional 12,624 shares during the period. Institutional investors own 32.00% of the company's stock.

Insider Activity at Inv Vk Mun Tr

In other news, Portfolio Manager Timothy M. O'reilly purchased 5,400 shares of the company's stock in a transaction dated Tuesday, June 3rd. The shares were purchased at an average price of $9.19 per share, with a total value of $49,626.00. Following the transaction, the portfolio manager directly owned 5,400 shares of the company's stock, valued at approximately $49,626. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 5.37% of the stock is owned by corporate insiders.

Inv Vk Mun Tr Stock Up 0.1%

NYSE:VKQ traded up $0.01 during trading on Monday, reaching $9.13. The company's stock had a trading volume of 379,910 shares, compared to its average volume of 227,847. The firm has a 50 day moving average of $9.12 and a 200-day moving average of $9.34. Inv Vk Mun Tr has a 12 month low of $8.86 and a 12 month high of $10.47.

Inv Vk Mun Tr Announces Dividend

The company also recently declared a monthly dividend, which was paid on Friday, August 29th. Stockholders of record on Monday, August 18th were given a dividend of $0.0628 per share. This represents a c) dividend on an annualized basis and a dividend yield of 8.3%. The ex-dividend date of this dividend was Monday, August 18th.

Inv Vk Mun Tr 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.