Inv Vk Mun Tr (NYSE:VKQ – Get Free Report) announced a monthly dividend on Friday, May 1st. Stockholders of record on Thursday, May 14th will be given a dividend of 0.0628 per share by the investment management company on Friday, May 29th. This represents a c) dividend on an annualized basis and a dividend yield of 7.7%. The ex-dividend date is Thursday, May 14th.
Inv Vk Mun Tr Trading Down 0.1%
NYSE:VKQ opened at $9.79 on Tuesday. The company’s 50 day moving average price is $9.68 and its 200-day moving average price is $9.70. Inv Vk Mun Tr has a 52 week low of $8.94 and a 52 week high of $9.99.
Institutional Investors Weigh In On Inv Vk Mun Tr
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Advisory Services Network LLC purchased a new stake in Inv Vk Mun Tr in the third quarter worth approximately $36,000. Global Retirement Partners LLC purchased a new stake in Inv Vk Mun Tr in the fourth quarter worth approximately $41,000. Perennial Investment Advisors LLC purchased a new stake in Inv Vk Mun Tr in the third quarter worth approximately $107,000. Choreo LLC purchased a new stake in Inv Vk Mun Tr in the fourth quarter worth approximately $124,000. Finally, Osaic Holdings Inc. boosted its holdings in Inv Vk Mun Tr by 16.9% in the second quarter. Osaic Holdings Inc. now owns 14,206 shares of the investment management company’s stock worth $130,000 after purchasing an additional 2,051 shares during the last quarter. Hedge funds and other institutional investors own 32.00% of the company’s stock.
About Inv Vk Mun Tr
Invesco Municipal Income Trust (NYSE: VKQ) is a closed-end management investment company that seeks to provide shareholders with a high level of current income exempt from federal income tax. The fund pursues its objective by investing primarily in municipal securities, including general obligation and revenue bonds issued by U.S. states, municipalities, counties and territories. As a tax-advantaged vehicle, the trust offers investors access to the municipal bond market through a diversified portfolio managed by seasoned fixed income professionals.
The trust generally allocates at least 80% of its assets to investment-grade municipal securities, although it may invest in lower-rated obligations when deemed appropriate by its management team.
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