NewEdge Advisors LLC Has $3.34 Million Stock Position in Inv Vk Mun Tr $VKQ

NewEdge Advisors LLC boosted its stake in shares of Inv Vk Mun Tr (NYSE:VKQ) by 55.8% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 351,113 shares of the investment management company’s stock after acquiring an additional 125,814 shares during the period. NewEdge Advisors LLC’s holdings in Inv Vk Mun Tr were worth $3,343,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of VKQ. Rivernorth Capital Management LLC boosted its holdings in shares of Inv Vk Mun Tr by 31.8% during the 4th quarter. Rivernorth Capital Management LLC now owns 5,768,838 shares of the investment management company’s stock valued at $55,669,000 after acquiring an additional 1,390,317 shares in the last quarter. Guggenheim Capital LLC raised its stake in shares of Inv Vk Mun Tr by 0.7% during the 4th quarter. Guggenheim Capital LLC now owns 1,199,525 shares of the investment management company’s stock worth $11,575,000 after purchasing an additional 8,278 shares during the period. LPL Financial LLC lifted its stake in Inv Vk Mun Tr by 15.7% in the fourth quarter. LPL Financial LLC now owns 960,745 shares of the investment management company’s stock valued at $9,271,000 after purchasing an additional 130,288 shares during the last quarter. Wells Fargo & Company MN increased its holdings in Inv Vk Mun Tr by 3.2% in the 4th quarter. Wells Fargo & Company MN now owns 443,647 shares of the investment management company’s stock worth $4,281,000 after acquiring an additional 13,561 shares during the last quarter. Finally, Van ECK Associates Corp increased its stake in shares of Inv Vk Mun Tr by 12.3% in the fourth quarter. Van ECK Associates Corp now owns 401,375 shares of the investment management company’s stock worth $3,873,000 after purchasing an additional 43,972 shares in the last quarter. Institutional investors and hedge funds own 32.00% of the company’s stock.

Inv Vk Mun Tr Stock Performance

NYSE:VKQ opened at $9.85 on Thursday. Inv Vk Mun Tr has a 1 year low of $9.01 and a 1 year high of $10.11. The stock’s fifty day moving average price is $9.88 and its two-hundred day moving average price is $9.78.

Inv Vk Mun Tr Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, August 31st. Investors of record on Monday, August 17th will be issued a dividend of $0.0628 per share. This represents a c) dividend on an annualized basis and a yield of 7.7%. The ex-dividend date of this dividend is Monday, August 17th.

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.