Inv Vk Mun Tr (NYSE:VKQ) Share Price Crosses Below 200 Day Moving Average – Time to Sell?

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

Institutional investors and hedge funds have recently bought and sold shares of the business. NewEdge Advisors LLC boosted its stake in shares of Inv Vk Mun Tr by 55.8% during the 1st quarter. NewEdge Advisors LLC now owns 351,113 shares of the investment management company’s stock worth $3,343,000 after acquiring an additional 125,814 shares during the period. Hennion & Walsh Asset Management Inc. increased its holdings in shares of Inv Vk Mun Tr by 236.9% during the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 940,068 shares of the investment management company’s stock worth $9,438,000 after acquiring an additional 661,027 shares during the last quarter. Choreo LLC increased its holdings in shares of Inv Vk Mun Tr by 14.5% during the 2nd quarter. Choreo LLC now owns 19,163 shares of the investment management company’s stock worth $192,000 after acquiring an additional 2,429 shares during the last quarter. Oppenheimer & Co. Inc. raised its stake in Inv Vk Mun Tr by 3.4% in the 2nd quarter. Oppenheimer & Co. Inc. now owns 51,829 shares of the investment management company’s stock valued at $520,000 after acquiring an additional 1,725 shares during the period. Finally, Cetera Investment Advisers increased its holdings in shares of Inv Vk Mun Tr by 26.6% in the first quarter. Cetera Investment Advisers now owns 101,050 shares of the investment management company’s stock valued at $962,000 after purchasing an additional 21,227 shares during the last quarter. Institutional investors own 32.00% of the company’s stock.

Inv Vk Mun Tr Company Profile

(Get Free Report)

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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