Financial Engines Advisors L.L.C. Buys Shares of 10,024 Invesco Municipal Trust (NYSE:VKQ)

Financial Engines Advisors L.L.C. bought a new stake in Invesco Municipal Trust (NYSE:VKQGet Rating) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 10,024 shares of the investment management company’s stock, valued at approximately $101,000.

A number of other institutional investors have also recently added to or reduced their stakes in VKQ. Northwestern Mutual Wealth Management Co. lifted its stake in Invesco Municipal Trust by 1,545.9% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 4,230 shares of the investment management company’s stock valued at $43,000 after acquiring an additional 3,973 shares during the last quarter. CoreCap Advisors LLC acquired a new stake in shares of Invesco Municipal Trust in the second quarter worth $56,000. Pinnacle Bancorp Inc. acquired a new stake in shares of Invesco Municipal Trust in the second quarter worth $81,000. Herold Advisors Inc. acquired a new stake in shares of Invesco Municipal Trust in the first quarter worth $84,000. Finally, Stratos Wealth Partners LTD. acquired a new stake in shares of Invesco Municipal Trust in the second quarter worth $106,000. 20.93% of the stock is currently owned by institutional investors and hedge funds.

Invesco Municipal Trust Stock Performance

Shares of Invesco Municipal Trust stock opened at $9.73 on Thursday. The firm has a fifty day simple moving average of $9.16 and a 200-day simple moving average of $9.89. Invesco Municipal Trust has a 1-year low of $8.71 and a 1-year high of $13.71.

Invesco Municipal Trust Cuts Dividend

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, November 30th. Stockholders of record on Tuesday, November 15th will be paid a $0.0404 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 4.98%. The ex-dividend date of this dividend is Monday, November 14th.

Invesco Municipal Trust 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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Institutional Ownership by Quarter for Invesco Municipal Trust (NYSE:VKQ)

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