Inv Vk Mun Tr (NYSE:VKQ) Sets New 12-Month Low – What’s Next?

Inv Vk Mun Tr (NYSE:VKQ) hit 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. The stock had previously closed at $9.37.

Inv Vk Mun Tr Stock Performance

The stock has a fifty day simple moving average of $9.73 and a 200-day simple moving average of $9.74.

Inv Vk Mun Tr Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, September 30th. Investors of record on Monday, September 14th will be issued a dividend of $0.0628 per share. The ex-dividend date is Monday, September 14th. This represents a c) dividend on an annualized basis and a dividend yield of 8.2%.

Institutional Investors Weigh In On Inv Vk Mun Tr

Several institutional investors have recently bought and sold shares of VKQ. NewEdge Advisors LLC lifted its position in shares of Inv Vk Mun Tr by 29.0% in the second quarter. NewEdge Advisors LLC now owns 453,003 shares of the investment management company’s stock worth $4,548,000 after purchasing an additional 101,890 shares in the last quarter. Citadel Advisors LLC acquired a new stake in Inv Vk Mun Tr in the 2nd quarter valued at $242,000. Susquehanna International Group LLP acquired a new stake in Inv Vk Mun Tr in the 2nd quarter valued at $139,000. Global Retirement Partners LLC bought a new stake in Inv Vk Mun Tr during the 2nd quarter worth about $74,000. Finally, Choreo LLC lifted its position in Inv Vk Mun Tr by 14.5% during the 2nd quarter. Choreo LLC now owns 19,163 shares of the investment management company’s stock worth $192,000 after buying an additional 2,429 shares in the last quarter. Institutional investors own 32.00% of the company’s stock.

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.