Insider Buying: Invesco Municipal Trust (NYSE:VKQ) Portfolio Manager Acquires 5,400 Shares of Stock

Invesco Municipal Trust (NYSE:VKQ - Get Free Report) Portfolio Manager Timothy M. O'reilly acquired 5,400 shares of the firm's stock in a transaction on Tuesday, June 3rd. The stock was purchased at an average price of $9.19 per share, for a total transaction of $49,626.00. Following the acquisition, the portfolio manager now directly owns 5,400 shares in the company, valued at $49,626. This represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website.

Invesco Municipal Trust Stock Performance

NYSE VKQ traded down $0.07 during trading on Friday, hitting $9.14. The stock had a trading volume of 117,742 shares, compared to its average volume of 160,128. Invesco Municipal Trust has a twelve month low of $8.86 and a twelve month high of $10.47. The firm has a 50 day moving average price of $9.28 and a 200 day moving average price of $9.66.

Invesco Municipal Trust Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, June 30th. Stockholders of record on Tuesday, June 17th will be paid a dividend of $0.0628 per share. This represents a $0.75 annualized dividend and a dividend yield of 8.25%. The ex-dividend date of this dividend is Tuesday, June 17th.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in VKQ. First Trust Advisors LP raised its holdings in shares of Invesco Municipal Trust by 11.3% during the 4th quarter. First Trust Advisors LP now owns 11,995 shares of the investment management company's stock valued at $118,000 after buying an additional 1,216 shares during the period. Seamount Financial Group Inc. raised its stake in shares of Invesco Municipal Trust by 1.6% in the 4th quarter. Seamount Financial Group Inc. now owns 81,858 shares of the investment management company's stock worth $803,000 after buying an additional 1,287 shares in the last quarter. Bank of Montreal Can raised its position in shares of Invesco Municipal Trust by 3.7% during the fourth quarter. Bank of Montreal Can now owns 40,107 shares of the investment management company's stock worth $393,000 after purchasing an additional 1,436 shares during the period. NewEdge Advisors LLC raised its position in Invesco Municipal Trust by 3.1% during the fourth quarter. NewEdge Advisors LLC now owns 48,928 shares of the investment management company's stock valued at $480,000 after buying an additional 1,470 shares during the period. Finally, Wealthcare Advisory Partners LLC grew its stake in Invesco Municipal Trust by 9.3% in the first quarter. Wealthcare Advisory Partners LLC now owns 18,907 shares of the investment management company's stock valued at $182,000 after purchasing an additional 1,613 shares in the last quarter. Hedge funds and other institutional investors own 32.00% of the company's stock.

Invesco Municipal Trust 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.