Inv Vk Mun Tr (NYSE:VKQ) Hits New 12-Month Low – Here’s What Happened

Inv Vk Mun Tr (NYSE:VKQ – Get Free Report)’s share price reached a new 52-week low on Tuesday . The company traded as low as $9.26 and last traded at $9.2580, with a volume of 147320 shares traded. The stock had previously closed at $9.37.

Inv Vk Mun Tr Price Performance

The stock’s 50-day simple moving average is $9.77 and its 200 day simple moving average is $9.75.

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Inv Vk Mun Tr Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Wednesday, September 30th. Investors of record on Monday, September 14th will be issued a $0.0628 dividend. This represents a c) annualized dividend and a yield of 8.1%. The ex-dividend date of this dividend is Monday, September 14th.

Institutional Trading of Inv Vk Mun Tr

Institutional investors have recently bought and sold shares of the business. Hennion & Walsh Asset Management Inc. boosted its position 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 in the last quarter. NewEdge Advisors LLC raised its position 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 in the last quarter. Bank of America Corp DE lifted its stake in Inv Vk Mun Tr by 12.4% during the first quarter. Bank of America Corp DE now owns 228,050 shares of the investment management company’s stock worth $2,171,000 after purchasing an additional 25,246 shares during the last quarter. World Investment Advisors purchased a new stake in Inv Vk Mun Tr during the fourth quarter worth approximately $237,000. Finally, Citadel Advisors LLC purchased a new stake in Inv Vk Mun Tr during the second quarter worth approximately $242,000. 32.00% of the stock is owned by hedge funds and other institutional investors.

About Inv Vk Mun Tr

(Get Free Report)

Invesco Municipal Trust (NYSE: VKQ) is a closed-end management investment company that seeks to provide current income exempt from regular federal income tax. The fund primarily invests in a diversified portfolio of municipal securities issued by states, municipalities and other governmental entities.

The trust’s portfolio may include general obligation and revenue bonds, including securities used to finance public infrastructure, education, transportation, utilities and other essential services.

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