Inv Vk Mun Tr (NYSE:VKQ – Get Free Report)’s stock price reached a new 52-week high on Wednesday . The company traded as high as $10.04 and last traded at $9.8410, with a volume of 525 shares changing hands. The stock had previously closed at $9.84.
Inv Vk Mun Tr Trading Up 0.4%
The company has a 50-day moving average of $9.71 and a 200-day moving average of $9.71.
Inv Vk Mun Tr Announces Dividend
The firm also recently announced a monthly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be given a dividend of $0.0628 per share. This represents a c) annualized dividend and a yield of 7.6%. The ex-dividend date is Monday, June 15th.
Institutional Investors Weigh In On Inv Vk Mun Tr
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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