Raymond James Financial Inc. bought a new position in shares of Invesco Municipal Trust (NYSE:VKQ - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 106,488 shares of the investment management company's stock, valued at approximately $1,045,000.
A number of other hedge funds have also recently added to or reduced their stakes in VKQ. PNC Financial Services Group Inc. increased its stake in shares of Invesco Municipal Trust by 467.5% during the 4th quarter. PNC Financial Services Group Inc. now owns 42,526 shares of the investment management company's stock valued at $417,000 after acquiring an additional 35,032 shares during the last quarter. Oppenheimer & Co. Inc. acquired a new position in Invesco Municipal Trust during the fourth quarter worth approximately $310,000. LPL Financial LLC raised its stake in Invesco Municipal Trust by 296.1% during the fourth quarter. LPL Financial LLC now owns 438,904 shares of the investment management company's stock worth $4,306,000 after purchasing an additional 328,085 shares during the period. Van ECK Associates Corp raised its stake in Invesco Municipal Trust by 2.7% during the fourth quarter. Van ECK Associates Corp now owns 413,979 shares of the investment management company's stock worth $4,061,000 after purchasing an additional 10,868 shares during the period. Finally, Invesco Ltd. grew its stake in shares of Invesco Municipal Trust by 150.3% during the 4th quarter. Invesco Ltd. now owns 102,992 shares of the investment management company's stock valued at $1,010,000 after buying an additional 61,839 shares during the period. 32.00% of the stock is owned by institutional investors and hedge funds.
Invesco Municipal Trust Price Performance
Shares of VKQ stock remained flat at $9.41 on Friday. The stock had a trading volume of 44,102 shares, compared to its average volume of 158,794. The stock's fifty day moving average price is $9.48 and its 200 day moving average price is $9.77. Invesco Municipal Trust has a 1-year low of $8.86 and a 1-year high of $10.47.
Invesco Municipal Trust Dividend Announcement
The company also recently declared a monthly dividend, which will be paid on Friday, May 30th. Shareholders of record on Friday, May 16th will be paid a dividend of $0.0628 per share. The ex-dividend date is Friday, May 16th. This represents a $0.75 annualized dividend and a yield of 8.01%.
Invesco Municipal Trust Profile
(
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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