Sit Investment Associates Inc. Cuts Holdings in Inv Vk Mun Tr $VKQ

Key Points

• Sit Investment Associates Inc. sold 149,320 shares of INV VK MUN TR, reducing its stake by 8.5%, and now holds approximately 1,604,818 shares valued at $15,486,000.
• Several institutional investors, including Guggenheim Capital LLC and Pathstone Holdings LLC, increased their holdings in INV VK MUN TR during the 4th quarter, demonstrating strong institutional interest in the stock.
• INV VK MUN TR announced a monthly dividend of $0.0628 per share, representing an annualized dividend yield of 8.2%, with the dividend payable on August 29th.

Sit Investment Associates Inc. reduced its holdings in Inv Vk Mun Tr (NYSE:VKQ - Free Report) by 8.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,604,818 shares of the investment management company's stock after selling 149,320 shares during the period. Sit Investment Associates Inc. owned about 2.90% of Inv Vk Mun Tr worth $15,486,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Guggenheim Capital LLC boosted its stake in shares of Inv Vk Mun Tr by 22.5% in the fourth quarter. Guggenheim Capital LLC now owns 1,067,087 shares of the investment management company's stock worth $10,468,000 after acquiring an additional 196,259 shares during the last quarter. Pathstone Holdings LLC boosted its stake in shares of Inv Vk Mun Tr by 19.4% in the fourth quarter. Pathstone Holdings LLC now owns 823,912 shares of the investment management company's stock worth $8,091,000 after acquiring an additional 133,792 shares during the last quarter. LPL Financial LLC boosted its stake in shares of Inv Vk Mun Tr by 23.6% in the first quarter. LPL Financial LLC now owns 542,278 shares of the investment management company's stock worth $5,233,000 after acquiring an additional 103,374 shares during the last quarter. Stratos Wealth Advisors LLC boosted its stake in shares of Inv Vk Mun Tr by 1.2% in the first quarter. Stratos Wealth Advisors LLC now owns 205,186 shares of the investment management company's stock worth $1,980,000 after acquiring an additional 2,519 shares during the last quarter. Finally, Baird Financial Group Inc. boosted its stake in shares of Inv Vk Mun Tr by 3.4% in the fourth quarter. Baird Financial Group Inc. now owns 166,723 shares of the investment management company's stock worth $1,636,000 after acquiring an additional 5,408 shares during the last quarter. 32.00% of the stock is owned by institutional investors and hedge funds.

Inv Vk Mun Tr Stock Performance

Shares of NYSE:VKQ traded down $0.08 during trading on Monday, reaching $9.13. The stock had a trading volume of 155,771 shares, compared to its average volume of 158,102. The business has a fifty day moving average price of $9.13 and a 200-day moving average price of $9.40. Inv Vk Mun Tr has a 1-year low of $8.86 and a 1-year high of $10.47.

Inv Vk Mun Tr Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, August 29th. Investors of record on Monday, August 18th will be given a dividend of $0.0628 per share. The ex-dividend date is Monday, August 18th. This represents a c) dividend on an annualized basis and a yield of 8.3%.

Insider Buying and Selling

In related news, Portfolio Manager Timothy M. O'reilly acquired 5,400 shares of Inv Vk Mun Tr stock in a transaction that occurred on Tuesday, June 3rd. The shares were purchased at an average price of $9.19 per share, for a total transaction of $49,626.00. Following the completion of the transaction, the portfolio manager owned 5,400 shares in the company, valued at $49,626. This represents a ∞ increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 5.37% of the company's stock.

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.