Inv Vk Mun Tr (VKQ) to Issue Monthly Dividend of $0.06 on September 30th

Inv Vk Mun Tr (NYSE:VKQ) declared a monthly dividend on Tuesday, September 1st. Shareholders of record on Monday, September 14th will be given a dividend of 0.0628 per share by the investment management company on Wednesday, September 30th. This represents a c) dividend on an annualized basis and a yield of 8.0%. The ex-dividend date of this dividend is Monday, September 14th.

Inv Vk Mun Tr Stock Performance

Shares of VKQ stock opened at $9.40 on Friday. The company’s fifty day moving average price is $9.78 and its 200-day moving average price is $9.75. Inv Vk Mun Tr has a 12 month low of $9.29 and a 12 month high of $10.11.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in VKQ. Advisory Services Network LLC bought a new stake in Inv Vk Mun Tr in the third quarter worth $36,000. Global Retirement Partners LLC purchased a new position in shares of Inv Vk Mun Tr in the 4th quarter worth about $41,000. Osaic Holdings Inc. raised its position in shares of Inv Vk Mun Tr by 16.9% in the 2nd quarter. Osaic Holdings Inc. now owns 14,206 shares of the investment management company’s stock worth $130,000 after purchasing an additional 2,051 shares during the last quarter. Susquehanna International Group LLP bought a new position in Inv Vk Mun Tr in the 2nd quarter worth about $139,000. Finally, Lido Advisors LLC bought a new position in Inv Vk Mun Tr in the 3rd quarter worth about $141,000. Hedge funds and other 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.