LPL Financial LLC Acquires 103,374 Shares of Inv Vk Mun Tr (NYSE:VKQ)

Key Points

• LPL Financial LLC increased its holdings in INV VK MUN TR (NYSE:VKQ) by 23.6% in the first quarter, acquiring an additional 103,374 shares, bringing its total to 542,278 shares valued at approximately $5.23 million.
• In the most recent quarter, 32.00% of INV VK MUN TR’s stock was owned by institutional investors, with multiple firms like First Trust Advisors LP and Sowell Financial Services LLC increasing their stakes.
• INV VK MUN TR announced a monthly dividend of $0.0628 per share, which translates to an annualized yield of 8.2%, to be paid on August 29th.

LPL Financial LLC raised its position in shares of Inv Vk Mun Tr (NYSE:VKQ - Free Report) by 23.6% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 542,278 shares of the investment management company's stock after buying an additional 103,374 shares during the quarter. LPL Financial LLC owned about 0.98% of Inv Vk Mun Tr worth $5,233,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Guggenheim Capital LLC boosted its holdings in shares of Inv Vk Mun Tr by 22.5% in the 4th quarter. Guggenheim Capital LLC now owns 1,067,087 shares of the investment management company's stock worth $10,468,000 after purchasing an additional 196,259 shares during the period. Pathstone Holdings LLC boosted its holdings in shares of Inv Vk Mun Tr by 19.4% in the 4th quarter. Pathstone Holdings LLC now owns 823,912 shares of the investment management company's stock worth $8,091,000 after purchasing an additional 133,792 shares during the period. Raymond James Financial Inc. purchased a new position in shares of Inv Vk Mun Tr in the 4th quarter worth approximately $1,045,000. Invesco Ltd. boosted its holdings in shares of Inv Vk Mun Tr by 150.3% in the 4th quarter. Invesco Ltd. now owns 102,992 shares of the investment management company's stock worth $1,010,000 after purchasing an additional 61,839 shares during the period. Finally, Stifel Financial Corp boosted its holdings in shares of Inv Vk Mun Tr by 218.4% in the 4th quarter. Stifel Financial Corp now owns 37,905 shares of the investment management company's stock worth $372,000 after purchasing an additional 26,000 shares during the period. Hedge funds and other institutional investors own 32.00% of the company's stock.

Insider Activity at Inv Vk Mun Tr

In other Inv Vk Mun Tr news, Portfolio Manager Timothy M. O'reilly purchased 5,400 shares of the firm's stock in a transaction that occurred on Tuesday, June 3rd. The stock was purchased at an average cost of $9.19 per share, with a total value of $49,626.00. Following the purchase, the portfolio manager owned 5,400 shares of the company's stock, valued at approximately $49,626. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 5.37% of the company's stock.

Inv Vk Mun Tr Price Performance

Shares of Inv Vk Mun Tr stock traded down $0.02 on Friday, reaching $9.19. The company had a trading volume of 144,274 shares, compared to its average volume of 158,117. The firm's 50-day moving average price is $9.13 and its two-hundred day moving average price is $9.41. Inv Vk Mun Tr has a 1 year low of $8.86 and a 1 year high of $10.47.

Inv Vk Mun Tr Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Friday, August 29th. Stockholders of record on Monday, August 18th will be issued a $0.0628 dividend. The ex-dividend date is Monday, August 18th. This represents a c) dividend on an annualized basis and a dividend yield of 8.2%.

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.