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

Inv Vk Mun Tr (NYSE:VKQ) declared a monthly dividend on Tuesday, September 1st. Shareholders of record on Monday, September 14th will be paid a dividend of 0.0628 per share by the investment management company on Wednesday, September 30th. This represents a c) annualized dividend and a yield of 7.8%. The ex-dividend date of this dividend is Monday, September 14th.

Inv Vk Mun Tr Trading Down 1.0%

Shares of VKQ opened at $9.61 on Wednesday. Inv Vk Mun Tr has a fifty-two week low of $9.05 and a fifty-two week high of $10.11. The firm has a 50-day simple moving average of $9.86 and a 200-day simple moving average of $9.78.

Institutional Investors Weigh In On Inv Vk Mun Tr

Several hedge funds have recently modified their holdings of VKQ. Rivernorth Capital Management LLC grew its position in Inv Vk Mun Tr by 31.8% in the 4th quarter. Rivernorth Capital Management LLC now owns 5,768,838 shares of the investment management company’s stock valued at $55,669,000 after buying an additional 1,390,317 shares during the last quarter. Hennion & Walsh Asset Management Inc. raised its position in 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 buying an additional 661,027 shares during the last quarter. NewEdge Advisors LLC lifted its stake in shares of Inv Vk Mun Tr by 159.2% in the 4th quarter. NewEdge Advisors LLC now owns 225,299 shares of the investment management company’s stock worth $2,174,000 after acquiring an additional 138,365 shares during the period. LPL Financial LLC lifted its stake in shares of Inv Vk Mun Tr by 15.7% in the 4th quarter. LPL Financial LLC now owns 960,745 shares of the investment management company’s stock worth $9,271,000 after acquiring an additional 130,288 shares during the period. Finally, Jones Financial Companies Lllp purchased a new stake in shares of Inv Vk Mun Tr in the first quarter valued at about $769,000. 32.00% of the stock is owned by institutional investors and hedge funds.

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.