Invesco Municipal Trust (NYSE:VKQ) Reaches New 12-Month High at $9.76

Invesco Municipal Trust (NYSE:VKQ)’s share price reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $9.76 and last traded at $9.71, with a volume of 19608 shares. The stock had previously closed at $9.72.

Invesco Municipal Trust Price Performance

The company’s fifty day moving average is $9.47 and its 200-day moving average is $9.30.

Invesco Municipal Trust Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, May 31st. Stockholders of record on Thursday, May 16th will be given a dividend of $0.0391 per share. The ex-dividend date of this dividend is Wednesday, May 15th. This represents a $0.47 dividend on an annualized basis and a dividend yield of 4.83%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Financial Management Professionals Inc. purchased a new position in Invesco Municipal Trust during the first quarter worth $49,000. Oppenheimer & Co. Inc. purchased a new position in Invesco Municipal Trust during the third quarter worth $86,000. Herold Advisors Inc. purchased a new position in Invesco Municipal Trust during the fourth quarter worth $98,000. Nomura Holdings Inc. purchased a new position in Invesco Municipal Trust during the fourth quarter worth $101,000. Finally, Relyea Zuckerberg Hanson LLC purchased a new position in Invesco Municipal Trust during the fourth quarter worth $139,000. 32.00% of the stock is currently owned by institutional investors.

Invesco Municipal Trust Company Profile

Invesco Municipal Trust is a closed-ended fixed income mutual fund launched by Invesco Ltd. The fund is co-managed by Invesco Advisers, Inc, INVESCO Asset Management (Japan) Limited, INVESCO Asset Management Deutschland GmbH, INVESCO Asset Management Limited, Invesco Hong Kong Limited, INVESCO Senior Secured Management, Inc, and Invesco Canada Ltd.