Inv Vk Mun Tr (NYSE:VKQ - Get Free Report) shares passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $9.78 and traded as low as $9.70. Inv Vk Mun Tr shares last traded at $9.71, with a volume of 136,213 shares.
Inv Vk Mun Tr Stock Down 0.4%
The firm has a 50 day simple moving average of $9.89 and a 200 day simple moving average of $9.78.
Inv Vk Mun Tr Announces Dividend
The company also recently announced a monthly dividend, which will be paid on Monday, August 31st. Shareholders of record on Monday, August 17th will be paid a $0.0628 dividend. The ex-dividend date is Monday, August 17th. This represents a c) annualized dividend and a yield of 7.8%.
Institutional Inflows and Outflows
Hedge funds have recently made changes to their positions in the company. Rivernorth Capital Management LLC raised its holdings in Inv Vk Mun Tr by 31.8% during the 4th 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 last quarter. Hennion & Walsh Asset Management Inc. grew its holdings 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 worth $9,438,000 after acquiring an additional 661,027 shares during the last quarter. NewEdge Advisors LLC grew its holdings in Inv Vk Mun Tr by 159.2% in the 4th quarter. NewEdge Advisors LLC now owns 225,299 shares of the investment management company's stock worth $2,174,000 after acquiring an additional 138,365 shares during the last quarter. LPL Financial LLC increased its position 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 valued at $9,271,000 after acquiring an additional 130,288 shares during the period. Finally, Jones Financial Companies Lllp purchased a new position in shares of Inv Vk Mun Tr in the first quarter valued at about $769,000. 32.00% of the stock is currently owned by hedge funds and other institutional investors.
About Inv Vk Mun Tr
(
Get 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.
Read More
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
Continue following MarketBeat
Add MarketBeat as your preferred source on Google to see our latest stories in your feed.
Before you consider Inv Vk Mun Tr, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Inv Vk Mun Tr wasn't on the list.
While Inv Vk Mun Tr currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Discover the next wave of investment opportunities with our report, 7 Stocks That Will Be Magnificent in 2026. Explore companies poised to replicate the growth, innovation, and value creation of the tech giants dominating today's markets.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
