Rivernorth Capital Management LLC decreased its position in Inv Vk Mun Tr (NYSE:VKQ – Free Report) by 24.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,387,056 shares of the investment management company’s stock after selling 1,381,782 shares during the period. Inv Vk Mun Tr makes up 2.1% of Rivernorth Capital Management LLC’s holdings, making the stock its 5th biggest holding. Rivernorth Capital Management LLC owned about 0.08% of Inv Vk Mun Tr worth $41,765,000 at the end of the most recent quarter.
Other large investors have also recently bought and sold shares of the company. Melfa Wealth Management Inc. raised its position in shares of Inv Vk Mun Tr by 6.4% in the 4th quarter. Melfa Wealth Management Inc. now owns 33,542 shares of the investment management company’s stock worth $324,000 after acquiring an additional 2,027 shares in the last quarter. Osaic Holdings Inc. grew its stake in Inv Vk Mun Tr by 16.9% during 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 period. Oppenheimer & Co. Inc. grew its stake in Inv Vk Mun Tr by 4.7% during the fourth quarter. Oppenheimer & Co. Inc. now owns 49,484 shares of the investment management company’s stock worth $478,000 after purchasing an additional 2,200 shares during the period. Madison Park Capital Advisors LLC increased its holdings in Inv Vk Mun Tr by 6.2% in the first quarter. Madison Park Capital Advisors LLC now owns 45,236 shares of the investment management company’s stock worth $431,000 after purchasing an additional 2,628 shares in the last quarter. Finally, World Investment Advisors lifted its stake in Inv Vk Mun Tr by 11.0% in the first quarter. World Investment Advisors now owns 27,269 shares of the investment management company’s stock valued at $260,000 after buying an additional 2,710 shares during the period. 32.00% of the stock is currently owned by institutional investors and hedge funds.
Inv Vk Mun Tr Stock Performance
Inv Vk Mun Tr stock opened at $9.78 on Wednesday. Inv Vk Mun Tr has a 52-week low of $8.95 and a 52-week high of $10.11. The stock’s 50 day moving average price is $9.85 and its two-hundred day moving average price is $9.77.
Inv Vk Mun Tr Announces Dividend
Inv Vk Mun Tr Company Profile
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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