Inv Vk Mun Tr (VKQ) To Go Ex-Dividend on March 16th

Inv Vk Mun Tr (NYSE:VKQ) announced a monthly dividend on Monday, March 2nd. Investors of record on Monday, March 16th will be paid a dividend of 0.0628 per share by the investment management company on Tuesday, March 31st. This represents a c) annualized dividend and a dividend yield of 7.7%. The ex-dividend date is Monday, March 16th.

Inv Vk Mun Tr Price Performance

NYSE VKQ traded down $0.02 during trading on Friday, reaching $9.73. The company’s stock had a trading volume of 125,083 shares, compared to its average volume of 173,822. Inv Vk Mun Tr has a 1-year low of $8.86 and a 1-year high of $9.99. The business has a 50-day moving average price of $9.80 and a 200-day moving average price of $9.66.

Institutional Investors Weigh In On Inv Vk Mun Tr

Several institutional investors and hedge funds have recently modified their holdings of the business. StoneX Group Inc. acquired a new position in Inv Vk Mun Tr during the second quarter worth $496,000. Prospera Financial Services Inc lifted its position in shares of Inv Vk Mun Tr by 73.3% in the second quarter. Prospera Financial Services Inc now owns 26,000 shares of the investment management company’s stock worth $238,000 after buying an additional 11,000 shares during the last quarter. Smith Moore & CO. boosted its stake in shares of Inv Vk Mun Tr by 59.4% during the 3rd quarter. Smith Moore & CO. now owns 165,652 shares of the investment management company’s stock worth $1,599,000 after acquiring an additional 61,742 shares in the last quarter. Concorde Asset Management LLC boosted its stake in shares of Inv Vk Mun Tr by 8.5% during the 4th quarter. Concorde Asset Management LLC now owns 81,759 shares of the investment management company’s stock worth $789,000 after acquiring an additional 6,393 shares in the last quarter. Finally, Wealth Alliance Advisory Group LLC increased its holdings in shares of Inv Vk Mun Tr by 8.7% during the 4th quarter. Wealth Alliance Advisory Group LLC now owns 81,201 shares of the investment management company’s stock valued at $784,000 after acquiring an additional 6,485 shares during the last quarter. Institutional investors and hedge funds 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.