Inv Vk Mun Tr (NYSE:VKQ) Hits New 1-Year High – Time to Buy?

Inv Vk Mun Tr (NYSE:VKQ)’s stock price reached a new 52-week high during trading on Monday . The company traded as high as $10.09 and last traded at $9.9740, with a volume of 1653 shares changing hands. The stock had previously closed at $9.96.

Inv Vk Mun Tr Price Performance

The business’s fifty day moving average is $9.74 and its two-hundred day moving average is $9.73.

Inv Vk Mun Tr Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be issued a $0.0628 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a c) dividend on an annualized basis and a dividend yield of 7.6%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Advisory Services Network LLC bought a new position in shares of Inv Vk Mun Tr during the third quarter valued at $36,000. Global Retirement Partners LLC bought a new stake in Inv Vk Mun Tr in the 4th quarter worth about $41,000. Perennial Investment Advisors LLC bought a new stake in Inv Vk Mun Tr in the 3rd quarter worth about $107,000. Choreo LLC purchased a new position in Inv Vk Mun Tr in the 4th quarter worth about $124,000. Finally, Osaic Holdings Inc. lifted its stake in Inv Vk Mun Tr by 16.9% during the 2nd quarter. Osaic Holdings Inc. now owns 14,206 shares of the investment management company’s stock valued at $130,000 after acquiring an additional 2,051 shares during the period. 32.00% of the stock is owned by institutional investors.

Inv Vk Mun Tr Company Profile

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.