Inv Vk Mun Tr (NYSE:VKQ) Declares Monthly Dividend of $0.06

Inv Vk Mun Tr (NYSE:VKQ) announced a monthly dividend on Monday, August 3rd. Investors of record on Monday, August 17th will be given a dividend of 0.0628 per share by the investment management company on Monday, August 31st. This represents a c) annualized dividend and a yield of 7.8%. The ex-dividend date is Monday, August 17th.

Inv Vk Mun Tr Trading Down 0.9%

Shares of VKQ stock opened at $9.70 on Tuesday. Inv Vk Mun Tr has a fifty-two week low of $9.01 and a fifty-two week high of $10.11. The stock has a 50 day simple moving average of $9.87 and a two-hundred day simple moving average of $9.77.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Choreo LLC grew its holdings in Inv Vk Mun Tr by 14.5% in the second quarter. Choreo LLC now owns 19,163 shares of the investment management company’s stock worth $192,000 after purchasing an additional 2,429 shares during the period. Oppenheimer & Co. Inc. raised its holdings in shares of Inv Vk Mun Tr by 3.4% during the second quarter. Oppenheimer & Co. Inc. now owns 51,829 shares of the investment management company’s stock valued at $520,000 after purchasing an additional 1,725 shares during the period. Hennion & Walsh Asset Management Inc. boosted its position in shares of Inv Vk Mun Tr by 236.9% during the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 940,068 shares of the investment management company’s stock worth $9,438,000 after purchasing an additional 661,027 shares in the last quarter. Worth Asset Management LLC bought a new position in shares of Inv Vk Mun Tr during the 2nd quarter worth about $212,000. Finally, NewEdge Advisors LLC boosted its position in shares of Inv Vk Mun Tr by 55.8% during the 1st quarter. NewEdge Advisors LLC now owns 351,113 shares of the investment management company’s stock worth $3,343,000 after purchasing an additional 125,814 shares in 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.