UBS Group AG Lowers Stock Holdings in Inv Vk Mun Tr $VKQ

UBS Group AG reduced its position in Inv Vk Mun Tr (NYSE:VKQ) by 6.7% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 887,414 shares of the investment management company’s stock after selling 63,370 shares during the period. UBS Group AG owned about 1.60% of Inv Vk Mun Tr worth $8,564,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Melfa Wealth Management Inc. grew its stake in Inv Vk Mun Tr by 6.4% in the 4th quarter. Melfa Wealth Management Inc. now owns 33,542 shares of the investment management company’s stock worth $324,000 after acquiring an additional 2,027 shares during the period. Osaic Holdings Inc. grew its stake in Inv Vk Mun Tr by 16.9% in the 2nd quarter. Osaic Holdings Inc. now owns 14,206 shares of the investment management company’s stock worth $130,000 after acquiring an additional 2,051 shares during the period. Advisory Services Network LLC purchased a new stake in Inv Vk Mun Tr in the 3rd quarter worth approximately $36,000. Wealth Alliance Advisory Group LLC grew its stake in Inv Vk Mun Tr by 8.7% in the 4th quarter. Wealth Alliance Advisory Group LLC now owns 81,201 shares of the investment management company’s stock worth $784,000 after acquiring an additional 6,485 shares during the period. Finally, Perennial Investment Advisors LLC purchased a new stake in Inv Vk Mun Tr in the 3rd quarter worth approximately $107,000. 32.00% of the stock is owned by hedge funds and other institutional investors.

Inv Vk Mun Tr Stock Up 0.1%

VKQ stock opened at $9.54 on Monday. Inv Vk Mun Tr has a one year low of $8.94 and a one year high of $9.99. The company has a 50 day moving average price of $9.66 and a two-hundred day moving average price of $9.70.

Inv Vk Mun Tr Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, May 29th. Shareholders of record on Thursday, May 14th will be issued a $0.0628 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 7.9%. The ex-dividend date is Thursday, May 14th.

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.