Invesco Municipal Trust (NYSE:VKQ - Get Free Report) Portfolio Manager Timothy M. O'reilly bought 5,400 shares of the company's stock in a transaction that occurred on Tuesday, June 3rd. The shares were purchased at an average price of $9.19 per share, with a total value of $49,626.00. Following the transaction, the portfolio manager now directly owns 5,400 shares in the company, valued at $49,626. This represents 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.
Invesco Municipal Trust Trading Down 0.7%
Shares of Invesco Municipal Trust stock traded down $0.07 during mid-day trading on Friday, reaching $9.14. 56,074 shares of the stock were exchanged, compared to its average volume of 159,137. The firm has a 50-day simple moving average of $9.29 and a 200 day simple moving average of $9.67. Invesco Municipal Trust has a fifty-two week low of $8.86 and a fifty-two week high of $10.47.
Invesco Municipal Trust Dividend Announcement
The company also recently announced a monthly dividend, which will be paid on Monday, June 30th. Investors of record on Tuesday, June 17th will be given a dividend of $0.0628 per share. This represents a $0.75 dividend on an annualized basis and a dividend yield of 8.25%. The ex-dividend date is Tuesday, June 17th.
Institutional Investors Weigh In On Invesco Municipal Trust
A number of hedge funds have recently made changes to their positions in the company. Jones Financial Companies Lllp acquired a new stake in Invesco Municipal Trust in the 1st quarter valued at about $769,000. Concorde Asset Management LLC increased its position in Invesco Municipal Trust by 64.1% in the 1st quarter. Concorde Asset Management LLC now owns 25,924 shares of the investment management company's stock valued at $244,000 after acquiring an additional 10,130 shares in the last quarter. Advisors Asset Management Inc. increased its position in Invesco Municipal Trust by 16.4% in the 1st quarter. Advisors Asset Management Inc. now owns 374,512 shares of the investment management company's stock valued at $3,614,000 after acquiring an additional 52,673 shares in the last quarter. Baird Financial Group Inc. increased its position in Invesco Municipal Trust by 2.3% in the 1st quarter. Baird Financial Group Inc. now owns 170,571 shares of the investment management company's stock valued at $1,646,000 after acquiring an additional 3,848 shares in the last quarter. Finally, Guggenheim Capital LLC increased its position in Invesco Municipal Trust by 9.2% in the 1st quarter. Guggenheim Capital LLC now owns 1,164,942 shares of the investment management company's stock valued at $11,242,000 after acquiring an additional 97,855 shares in the last quarter. Institutional investors and hedge funds own 32.00% of the company's stock.
Invesco Municipal Trust Company Profile
(
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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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