Invesco Municipal Trust (NYSE:VKQ - Get Free Report)'s stock price reached a new 52-week high during trading on Friday . The company traded as high as $9.81 and last traded at $9.78, with a volume of 65225 shares traded. The stock had previously closed at $9.61.
Invesco Municipal Trust Stock Performance
The company has a 50 day simple moving average of $9.47 and a two-hundred day simple moving average of $9.41.
Invesco Municipal Trust Increases Dividend
The firm also recently announced a monthly dividend, which will be paid on Friday, June 28th. Stockholders of record on Tuesday, June 18th will be paid a dividend of $0.0628 per share. This is a boost from Invesco Municipal Trust's previous monthly dividend of $0.04. The ex-dividend date is Tuesday, June 18th. This represents a $0.75 dividend on an annualized basis and a dividend yield of 7.55%.
Institutional Trading of Invesco Municipal Trust
Hedge funds and other institutional investors have recently made changes to their positions in the business. B. Riley Wealth Advisors Inc. acquired a new stake in shares of Invesco Municipal Trust during the 1st quarter worth approximately $122,000. Advisors Asset Management Inc. lifted its holdings in shares of Invesco Municipal Trust by 93.1% in the first quarter. Advisors Asset Management Inc. now owns 176,750 shares of the investment management company's stock valued at $1,714,000 after purchasing an additional 85,239 shares in the last quarter. Robinson Capital Management LLC raised its stake in Invesco Municipal Trust by 19.3% during the first quarter. Robinson Capital Management LLC now owns 614,403 shares of the investment management company's stock worth $5,766,000 after purchasing an additional 99,443 shares during the period. Karpus Management Inc. grew its holdings in Invesco Municipal Trust by 30.3% during the 1st quarter. Karpus Management Inc. now owns 2,703,952 shares of the investment management company's stock valued at $26,228,000 after purchasing an additional 628,699 shares in the last quarter. Finally, Atlanta Consulting Group Advisors LLC acquired a new position in Invesco Municipal Trust during the 1st quarter worth $136,000. Hedge funds and other institutional investors own 32.00% of the company's stock.
About Invesco Municipal Trust
(
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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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