Inv Vk Mun Tr (NYSE:VKQ - Get Free Report) shares crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $9.23 and traded as high as $9.26. Inv Vk Mun Tr shares last traded at $9.24, with a volume of 176,238 shares changing hands.
Inv Vk Mun Tr Stock Performance
The business's 50-day simple moving average is $9.23 and its 200-day simple moving average is $9.54.
Inv Vk Mun Tr Announces Dividend
The business also recently announced a monthly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Wednesday, July 16th will be paid a dividend of $0.0628 per share. The ex-dividend date of this dividend is Wednesday, July 16th. This represents a $0.75 dividend on an annualized basis and a dividend yield of 8.16%.
Insider Buying and Selling at Inv Vk Mun Tr
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 stock was bought at an average price 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 in the company, valued at $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 link. 5.37% of the stock is currently owned by corporate insiders.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Oppenheimer & Co. Inc. acquired a new stake in Inv Vk Mun Tr during the 4th quarter worth $310,000. Raymond James Financial Inc. purchased a new position in Inv Vk Mun Tr in the 4th quarter valued at approximately $1,045,000. PNC Financial Services Group Inc. raised its stake in shares of Inv Vk Mun Tr by 467.5% during the 4th quarter. PNC Financial Services Group Inc. now owns 42,526 shares of the investment management company's stock worth $417,000 after buying an additional 35,032 shares during the last quarter. Permanent Capital Management LP acquired a new stake in shares of Inv Vk Mun Tr in the fourth quarter valued at approximately $155,000. Finally, Independent Advisor Alliance acquired a new position in shares of Inv Vk Mun Tr in the fourth quarter worth $762,000. Institutional investors and hedge funds own 32.00% of the company's stock.
About Inv Vk Mun Tr
(
Get Free Report)
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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