INV VK MUN TR (NYSE:VKQ - Get Free Report) saw strong trading volume on Tuesday . 187,634 shares traded hands during trading, an increase of 16% from the previous session's volume of 162,330 shares.The stock last traded at $9.08 and had previously closed at $9.09.
INV VK MUN TR Stock Performance
The business has a 50-day simple moving average of $9.25 and a two-hundred day simple moving average of $9.62.
INV VK MUN TR Announces Dividend
The business also recently declared a monthly dividend, which will be paid on Monday, June 30th. Investors of record on Tuesday, June 17th will be issued a dividend of $0.0628 per share. This represents a $0.75 annualized dividend and a dividend yield of 8.31%. The ex-dividend date is Tuesday, June 17th.
Insider Activity at INV VK MUN TR
In other news, Portfolio Manager Timothy M. O'reilly bought 5,400 shares of INV VK MUN TR stock in a transaction dated Tuesday, June 3rd. The stock was bought at an average price of $9.19 per share, for a total transaction of $49,626.00. Following the purchase, the portfolio manager now owns 5,400 shares of the company's stock, valued at approximately $49,626. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. 5.37% of the stock is currently owned by insiders.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently made changes to their positions in VKQ. US Bancorp DE acquired a new position in INV VK MUN TR during the 1st quarter worth approximately $26,000. Elequin Capital LP purchased a new stake in shares of INV VK MUN TR in the first quarter valued at approximately $65,000. AlphaCore Capital LLC purchased a new position in INV VK MUN TR in the first quarter worth $101,000. NCM Capital Management LLC acquired a new stake in INV VK MUN TR in the first quarter valued at $111,000. Finally, First Trust Advisors LP boosted its position in shares of INV VK MUN TR by 11.3% during the 4th quarter. First Trust Advisors LP now owns 11,995 shares of the investment management company's stock worth $118,000 after purchasing an additional 1,216 shares in the last quarter. 32.00% of the stock is currently owned by institutional investors and hedge funds.
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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