Inv Vk Mun Tr (NYSE:VKQ) Stock Crosses Above 50 Day Moving Average - What's Next?

Key Points

• Inv Vk Mun Tr (NYSE:VKQ) shares have crossed above their 50-day moving average, trading at $9.56 with a high of $9.59 during recent sessions.
• The company announced a monthly dividend of $0.0628 per share, with an annualized yield of 7.9%, to be paid on September 30th.
• Institutional investors hold 32.00% of Inv Vk Mun Tr's stock, with notable increases in positions from firms such as Riverbridge Partners LLC and Osaic Holdings Inc.

Shares of Inv Vk Mun Tr (NYSE:VKQ - ) crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $9.20 and traded as high as $9.59. Inv Vk Mun Tr shares last traded at $9.56, with a volume of 111,488 shares traded.

Inv Vk Mun Tr Trading Down 0.2%

The company's 50-day moving average price is $9.20 and its 200-day moving average price is $9.28.

Inv Vk Mun Tr Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 16th will be given a dividend of $0.0628 per share. The ex-dividend date of this dividend is Tuesday, September 16th. This represents a c) annualized dividend and a dividend yield of 7.9%.

Institutional Investors Weigh In On Inv Vk Mun Tr

Several large investors have recently made changes to their positions in the stock. Riverbridge Partners LLC grew its position in shares of Inv Vk Mun Tr by 5.3% in the 2nd quarter. Riverbridge Partners LLC now owns 30,542 shares of the investment management company's stock valued at $279,000 after acquiring an additional 1,539 shares during the period. Wealthcare Advisory Partners LLC raised its stake in Inv Vk Mun Tr by 9.3% in the 1st quarter. Wealthcare Advisory Partners LLC now owns 18,907 shares of the investment management company's stock worth $182,000 after purchasing an additional 1,613 shares in the last quarter. Seamount Financial Group Inc. raised its stake in Inv Vk Mun Tr by 2.5% in the 1st quarter. Seamount Financial Group Inc. now owns 83,888 shares of the investment management company's stock worth $810,000 after purchasing an additional 2,030 shares in the last quarter. Osaic Holdings Inc. raised its position in shares of Inv Vk Mun Tr by 16.9% in the 2nd quarter. Osaic Holdings Inc. now owns 14,206 shares of the investment management company's stock valued at $130,000 after buying an additional 2,051 shares in the last quarter. Finally, Stratos Wealth Advisors LLC raised its position in shares of Inv Vk Mun Tr by 1.2% in the 1st quarter. Stratos Wealth Advisors LLC now owns 205,186 shares of the investment management company's stock valued at $1,980,000 after buying an additional 2,519 shares in the last quarter. Institutional investors own 32.00% 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.

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