Inv Vk Mun Tr (NYSE:VKQ) Declares Monthly Dividend of $0.06

Inv Vk Mun Tr (NYSE:VKQ) declared a monthly dividend on Monday, February 2nd. Shareholders of record on Tuesday, February 17th will be paid a dividend of 0.0628 per share by the investment management company on Friday, February 27th. This represents a c) annualized dividend and a yield of 7.7%. The ex-dividend date is Tuesday, February 17th.

Inv Vk Mun Tr Price Performance

Shares of VKQ stock traded up $0.01 during trading hours on Tuesday, hitting $9.79. 94,199 shares of the company’s stock traded hands, compared to its average volume of 184,432. The stock’s 50 day simple moving average is $9.66 and its 200 day simple moving average is $9.51. Inv Vk Mun Tr has a 12 month low of $8.86 and a 12 month high of $10.18.

Insider Transactions at Inv Vk Mun Tr

In related news, Portfolio Manager Timothy M. O’reilly bought 5,200 shares of the business’s stock in a transaction on Wednesday, November 5th. The shares were purchased at an average cost of $9.62 per share, with a total value of $50,024.00. Following the acquisition, the portfolio manager owned 10,747 shares of the company’s stock, valued at $103,386.14. This represents a 93.74% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 5.37% of the stock is currently owned by corporate insiders.

Institutional Trading of Inv Vk Mun Tr

A number of institutional investors have recently bought and sold shares of the company. Jones Financial Companies Lllp bought a new position in Inv Vk Mun Tr in the first quarter worth approximately $769,000. Raymond James Financial Inc. raised its position in shares of Inv Vk Mun Tr by 53.6% during the second quarter. Raymond James Financial Inc. now owns 203,544 shares of the investment management company’s stock worth $1,862,000 after purchasing an additional 71,026 shares during the period. Smith Moore & CO. lifted its holdings in shares of Inv Vk Mun Tr by 59.4% in the 3rd quarter. Smith Moore & CO. now owns 165,652 shares of the investment management company’s stock worth $1,599,000 after purchasing an additional 61,742 shares in the last quarter. StoneX Group Inc. acquired a new stake in Inv Vk Mun Tr in the 2nd quarter valued at $496,000. Finally, Concurrent Investment Advisors LLC bought a new stake in Inv Vk Mun Tr during the 3rd quarter valued at $405,000. Institutional investors own 32.00% of the company’s stock.

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.