PNC Financial Services Group Inc. Acquires 27,264 Shares of Inv Vk Mun Tr (NYSE:VKQ)

Key Points

• PNC Financial Services Group Inc. increased its stake in Inv Vk Mun Tr by 64.1%, acquiring an additional 27,264 shares, bringing its total ownership to approximately $673,000.
• Other institutional investors, including Guggenheim Capital LLC and Pathstone Holdings LLC, also raised their positions in Inv Vk Mun Tr, indicating a growing interest in the investment management company.
• Inv Vk Mun Tr announced a monthly dividend of $0.0628 per share to be paid on August 29th, representing an annual yield of 8.2%.

PNC Financial Services Group Inc. raised its position in Inv Vk Mun Tr (NYSE:VKQ - Free Report) by 64.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 69,790 shares of the investment management company's stock after buying an additional 27,264 shares during the quarter. PNC Financial Services Group Inc. owned about 0.13% of Inv Vk Mun Tr worth $673,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the company. Guggenheim Capital LLC raised its stake in shares of Inv Vk Mun Tr by 22.5% during the 4th quarter. Guggenheim Capital LLC now owns 1,067,087 shares of the investment management company's stock valued at $10,468,000 after purchasing an additional 196,259 shares during the period. Pathstone Holdings LLC boosted its holdings in Inv Vk Mun Tr by 19.4% during the 4th quarter. Pathstone Holdings LLC now owns 823,912 shares of the investment management company's stock valued at $8,091,000 after acquiring an additional 133,792 shares during the period. Raymond James Financial Inc. bought a new position in Inv Vk Mun Tr during the 4th quarter valued at approximately $1,045,000. LPL Financial LLC raised its position in Inv Vk Mun Tr by 23.6% during 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 last quarter. Finally, Invesco Ltd. raised its position 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 acquiring an additional 61,839 shares in the last quarter. 32.00% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Inv Vk Mun Tr news, Portfolio Manager Timothy M. O'reilly bought 5,400 shares of the business's stock in a transaction on Tuesday, June 3rd. The shares were acquired at an average cost of $9.19 per share, for a total transaction of $49,626.00. Following the purchase, the portfolio manager owned 5,400 shares in the company, valued at approximately $49,626. This trade represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 5.37% of the company's stock.

Inv Vk Mun Tr Price Performance

Shares of NYSE:VKQ opened at $9.21 on Wednesday. Inv Vk Mun Tr has a 52-week low of $8.86 and a 52-week high of $10.47. The stock has a 50 day moving average price of $9.12 and a 200-day moving average price of $9.42.

Inv Vk Mun Tr Announces Dividend

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

Inv Vk Mun Tr Company 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.

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