Rivernorth Capital Management LLC lowered its position in shares of Inv Vk Mun Tr (NYSE:VKQ - Free Report) by 37.3% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,749,965 shares of the investment management company's stock after selling 1,637,091 shares during the period. Inv Vk Mun Tr makes up about 1.3% of Rivernorth Capital Management LLC's investment portfolio, making the stock its 13th largest position. Rivernorth Capital Management LLC owned approximately 4.97% of Inv Vk Mun Tr worth $27,610,000 at the end of the most recent reporting period.
Other institutional investors have also made changes to their positions in the company. Hennion & Walsh Asset Management Inc. boosted its position in Inv Vk Mun Tr by 236.9% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 940,068 shares of the investment management company's stock valued at $9,438,000 after buying an additional 661,027 shares during the last quarter. NewEdge Advisors LLC boosted its stake in shares of Inv Vk Mun Tr by 159.2% during the 4th quarter. NewEdge Advisors LLC now owns 225,299 shares of the investment management company's stock valued at $2,174,000 after buying an additional 138,365 shares during the last quarter. LPL Financial LLC increased its stake in shares of 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 buying an additional 130,288 shares during the last quarter. Jones Financial Companies Lllp acquired a new stake in Inv Vk Mun Tr in the first quarter valued at $769,000. Finally, Raymond James Financial Inc. raised its holdings in Inv Vk Mun Tr by 53.6% in the second quarter. Raymond James Financial Inc. now owns 203,544 shares of the investment management company's stock valued at $1,862,000 after acquiring an additional 71,026 shares in the last quarter. 32.00% of the stock is owned by institutional investors and hedge funds.
Inv Vk Mun Tr Price Performance
Shares of VKQ stock opened at $9.74 on Monday. Inv Vk Mun Tr has a 1-year low of $9.05 and a 1-year high of $10.11. The firm has a fifty day moving average of $9.87 and a two-hundred day moving average of $9.78.
Inv Vk Mun Tr Dividend Announcement
The company also recently declared a monthly dividend, which will be paid on Monday, August 31st. Investors of record on Monday, August 17th will be given a dividend of $0.0628 per share. This represents a c) annualized dividend and a dividend yield of 7.7%. The ex-dividend date of this dividend is Monday, August 17th.
About Inv Vk Mun Tr
(
Free Report)
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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