Inv Vk Mun Tr (NYSE:VKQ) Announces Dividend Increase – $0.06 Per Share

Inv Vk Mun Tr (NYSE:VKQ) announced a monthly dividend on Thursday, October 1st. Stockholders of record on Wednesday, October 14th will be paid a dividend of $0.0628 per share by the investment management company on Friday, October 30th. This represents a $0.75 annualized dividend and a dividend yield of 8.9%. The ex-dividend date is Wednesday, October 14th. This is a 0.0% increase from Inv Vk Mun Tr’s previous monthly dividend of $0.0628.

Inv Vk Mun Tr Trading Up 0.1%

VKQ stock opened at $8.48 on Friday. Inv Vk Mun Tr has a 52 week low of $8.25 and a 52 week high of $10.11. The company has a fifty day simple moving average of $9.49 and a two-hundred day simple moving average of $9.66.

Hedge Funds Weigh In On Inv Vk Mun Tr

Hedge funds have recently added to or reduced their stakes in the company. Hennion & Walsh Asset Management Inc. raised its holdings in shares of Inv Vk Mun Tr by 236.9% in the second quarter. Hennion & Walsh Asset Management Inc. now owns 940,068 shares of the investment management company’s stock worth $9,438,000 after buying an additional 661,027 shares during the period. NewEdge Advisors LLC grew its holdings in Inv Vk Mun Tr by 29.0% during the 2nd quarter. NewEdge Advisors LLC now owns 453,003 shares of the investment management company’s stock worth $4,548,000 after acquiring an additional 101,890 shares in the last quarter. Bank of America Corp DE increased its holdings 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 valued at $2,171,000 after buying an additional 25,246 shares during the period. Cetera Investment Advisers raised its position in shares of Inv Vk Mun Tr by 26.6% in the 1st quarter. Cetera Investment Advisers now owns 101,050 shares of the investment management company’s stock worth $962,000 after acquiring an additional 21,227 shares in the last quarter. Finally, Royal Bank of Canada raised its stake in shares of Inv Vk Mun Tr by 10.2% during the 1st quarter. Royal Bank of Canada now owns 85,870 shares of the investment management company’s stock worth $817,000 after acquiring an additional 7,972 shares in the last quarter. 32.00% of the stock is currently owned by institutional investors.

About Inv Vk Mun Tr

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.