Inv Vk Mun Tr (NYSE:VKQ) Stock Crosses Above 50-Day Moving Average - Should You Sell?

Key Points

• Inv Vk Mun Tr shares recently crossed above their fifty-day moving average, currently trading at $9.22, with a volume of 130,221 shares.
• The company has announced a monthly dividend of $0.0628 per share, resulting in an annualized yield of 8.2%, payable on August 29th to shareholders of record as of August 18th.
• Significant hedge fund activity includes a 73.3% increase in holdings by Prospera Financial Services Inc, indicating growing institutional interest in Inv Vk Mun Tr.

Inv Vk Mun Tr (NYSE:VKQ - Get Free Report) passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $9.12 and traded as high as $9.24. Inv Vk Mun Tr shares last traded at $9.22, with a volume of 130,221 shares changing hands.

Inv Vk Mun Tr Stock Down 0.2%

The business has a fifty day simple moving average of $9.13 and a 200 day simple moving average of $9.41.

Inv Vk Mun Tr Dividend Announcement

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

Insiders Place Their Bets

In other Inv Vk Mun Tr 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 acquired at an average cost of $9.19 per share, with a total value of $49,626.00. Following the completion of the purchase, the portfolio manager directly owned 5,400 shares of the company's stock, valued at $49,626. This represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 5.37% of the stock is owned by company insiders.

Hedge Funds Weigh In On Inv Vk Mun Tr

Several large investors have recently bought and sold shares of the company. Guggenheim Capital LLC raised its position in shares of Inv Vk Mun Tr by 22.5% during 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 lifted its position in shares of 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. acquired a new position in shares of Inv Vk Mun Tr during the 4th quarter valued at $1,045,000. LPL Financial LLC increased its holdings in shares of Inv Vk Mun Tr by 23.6% during the first quarter. LPL Financial LLC now owns 542,278 shares of the investment management company's stock valued at $5,233,000 after acquiring an additional 103,374 shares in the last quarter. Finally, Jones Financial Companies Lllp bought a new stake in shares of Inv Vk Mun Tr during the first quarter valued at approximately $769,000. 32.00% of the stock is currently owned by institutional investors.

About Inv Vk Mun Tr

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.