Inv Vk Mun Tr (NYSE:VKQ – Get Free Report) declared a monthly dividend on Tuesday, September 1st. Shareholders of record on Monday, September 14th will be paid a dividend of 0.0628 per share by the investment management company on Wednesday, September 30th. This represents a c) dividend on an annualized basis and a dividend yield of 7.9%. The ex-dividend date is Monday, September 14th.
Inv Vk Mun Tr Price Performance
Shares of NYSE:VKQ opened at $9.56 on Thursday. The firm has a fifty day simple moving average of $9.85 and a two-hundred day simple moving average of $9.77. Inv Vk Mun Tr has a 52 week low of $9.09 and a 52 week high of $10.11.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently added to or reduced their stakes in VKQ. Oppenheimer & Co. Inc. raised its position in Inv Vk Mun Tr by 3.4% during the second quarter. Oppenheimer & Co. Inc. now owns 51,829 shares of the investment management company’s stock valued at $520,000 after purchasing an additional 1,725 shares during the period. Osaic Holdings Inc. boosted its holdings in shares of Inv Vk Mun Tr by 16.9% in the 2nd 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. Choreo LLC boosted its holdings in shares of Inv Vk Mun Tr by 14.5% in the 2nd quarter. Choreo LLC now owns 19,163 shares of the investment management company’s stock worth $192,000 after purchasing an additional 2,429 shares during the period. Madison Park Capital Advisors LLC increased its position in shares of Inv Vk Mun Tr by 6.2% during the 1st quarter. Madison Park Capital Advisors LLC now owns 45,236 shares of the investment management company’s stock valued at $431,000 after purchasing an additional 2,628 shares during the last quarter. Finally, World Investment Advisors increased its position in shares of Inv Vk Mun Tr by 11.0% during the 1st quarter. World Investment Advisors now owns 27,269 shares of the investment management company’s stock valued at $260,000 after purchasing an additional 2,710 shares during the last quarter. Hedge funds and other institutional investors own 32.00% of the company’s stock.
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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