Inv Vk Mun Tr $VKQ Shares Purchased by Hennion & Walsh Asset Management Inc.

Key Points

• Hennion & Walsh Asset Management increased its VKQ position by 236.9% in the second quarter, acquiring 661,027 additional shares for a total of 940,068 shares valued at approximately $9.44 million.
• Other institutional investors, including RiverNorth Capital Management and LPL Financial, also raised their holdings; institutional investors collectively own 32% of VKQ.
• VKQ was trading at $9.95, near the upper end of its 12-month range, and declared a monthly dividend of $0.0628 per share, representing a reported 7.6% annualized yield.

Hennion & Walsh Asset Management Inc. raised its position in shares of Inv Vk Mun Tr (NYSE:VKQ - Free Report) by 236.9% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 940,068 shares of the investment management company's stock after purchasing an additional 661,027 shares during the quarter. Hennion & Walsh Asset Management Inc. owned about 1.70% of Inv Vk Mun Tr worth $9,438,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Rivernorth Capital Management LLC lifted its holdings in shares of Inv Vk Mun Tr by 31.8% in the fourth quarter. Rivernorth Capital Management LLC now owns 5,768,838 shares of the investment management company's stock valued at $55,669,000 after buying an additional 1,390,317 shares during the period. Guggenheim Capital LLC grew its holdings in Inv Vk Mun Tr by 0.7% during the fourth quarter. Guggenheim Capital LLC now owns 1,199,525 shares of the investment management company's stock worth $11,575,000 after acquiring an additional 8,278 shares during the period. LPL Financial LLC raised its position in Inv Vk Mun Tr by 15.7% in the fourth quarter. LPL Financial LLC now owns 960,745 shares of the investment management company's stock worth $9,271,000 after acquiring an additional 130,288 shares in the last quarter. Wells Fargo & Company MN raised its position in Inv Vk Mun Tr by 3.2% in the fourth quarter. Wells Fargo & Company MN now owns 443,647 shares of the investment management company's stock worth $4,281,000 after acquiring an additional 13,561 shares in the last quarter. Finally, Van ECK Associates Corp lifted its holdings in Inv Vk Mun Tr by 12.3% in the 4th quarter. Van ECK Associates Corp now owns 401,375 shares of the investment management company's stock valued at $3,873,000 after acquiring an additional 43,972 shares during the last quarter. Institutional investors own 32.00% of the company's stock.

Inv Vk Mun Tr Stock Performance

NYSE:VKQ opened at $9.95 on Friday. Inv Vk Mun Tr has a twelve month low of $9.01 and a twelve month high of $10.11. The company has a 50-day moving average of $9.88 and a 200-day moving average of $9.77.

Inv Vk Mun Tr Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, August 31st. Investors of record on Monday, August 17th will be paid a dividend of $0.0628 per share. The ex-dividend date of this dividend is Monday, August 17th. This represents a c) annualized dividend and a yield of 7.6%.

Inv Vk Mun Tr Company Profile

Invesco Municipal Income Trust NYSE: VKQ is a closed-end management investment company that seeks to provide shareholders with a high level of current income exempt from federal income tax. The fund pursues its objective by investing primarily in municipal securities, including general obligation and revenue bonds issued by U.S. states, municipalities, counties and territories. As a tax-advantaged vehicle, the trust offers investors access to the municipal bond market through a diversified portfolio managed by seasoned fixed income professionals.

The trust generally allocates at least 80% of its assets to investment-grade municipal securities, although it may invest in lower-rated obligations when deemed appropriate by its management team.

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