Inv Vk Mun Tr (NYSE:VKQ – Get Free Report)’s share price passed below its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $9.61 and traded as low as $8.51. Inv Vk Mun Tr shares last traded at $8.66, with a volume of 249,298 shares.
Inv Vk Mun Tr Stock Up 1.6%
The stock’s fifty day moving average price is $9.34 and its 200-day moving average price is $9.61.
Inv Vk Mun Tr Increases Dividend
The firm also recently declared a monthly dividend, which will be paid on Friday, October 30th. Shareholders of record on Wednesday, October 14th will be given a dividend of $0.0628 per share. This represents a $0.75 dividend on an annualized basis and a yield of 8.7%. This is a boost from Inv Vk Mun Tr’s previous monthly dividend of $0.0628. The ex-dividend date of this dividend is Wednesday, October 14th.
Institutional Trading of Inv Vk Mun Tr
Inv Vk Mun Tr Company Profile
Invesco Municipal Trust (NYSE:VKQ) is a closed-end investment company that seeks to provide current income exempt from regular U.S. federal income tax. The fund invests primarily in municipal securities issued by states, municipalities and other governmental entities.
Its portfolio may include general obligation bonds, revenue bonds and other tax-exempt debt securities. By investing in municipal obligations, the fund provides exposure to the U.S. tax-exempt bond market while seeking to preserve capital and manage interest-rate and credit risks.
Invesco Municipal Trust is managed by Invesco Ltd., a global investment management firm.
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