Inv Vk Mun Tr (NYSE:VKQ) Hits New 1-Year High – What’s Next?

Shares of Inv Vk Mun Tr (NYSE:VKQ) hit a new 52-week high during trading on Thursday . The stock traded as high as $10.13 and last traded at $9.8450, with a volume of 405 shares. The stock had previously closed at $9.83.

Inv Vk Mun Tr Stock Performance

The firm’s fifty day simple moving average is $9.69 and its 200 day simple moving average is $9.70.

Inv Vk Mun Tr Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be issued a $0.0628 dividend. The ex-dividend date is Monday, June 15th. This represents a c) dividend on an annualized basis and a dividend yield of 7.7%.

Institutional Trading of Inv Vk Mun Tr

A number of hedge funds and other institutional investors have recently made changes to their positions in VKQ. Advisory Services Network LLC acquired a new stake in shares of Inv Vk Mun Tr in the third quarter valued at approximately $36,000. Global Retirement Partners LLC acquired a new stake in shares of Inv Vk Mun Tr in the fourth quarter valued at approximately $41,000. Perennial Investment Advisors LLC acquired a new stake in shares of Inv Vk Mun Tr in the third quarter valued at approximately $107,000. Choreo LLC acquired a new stake in shares of Inv Vk Mun Tr in the fourth quarter valued at approximately $124,000. Finally, Osaic Holdings Inc. raised its holdings in shares of Inv Vk Mun Tr by 16.9% in the second quarter. Osaic Holdings Inc. now owns 14,206 shares of the investment management company’s stock valued at $130,000 after purchasing an additional 2,051 shares during the last quarter. 32.00% of the stock is currently owned by institutional investors and hedge funds.

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.