Financial Management Professionals Inc. Acquires New Stake in Invesco Municipal Trust (NYSE:VKQ)

Financial Management Professionals Inc. acquired a new stake in Invesco Municipal Trust (NYSE:VKQ) during the 1st quarter, Holdings Channel reports. The fund acquired 5,000 shares of the investment management company’s stock, valued at approximately $49,000.

Other institutional investors have also added to or reduced their stakes in the company. Fiera Capital Corp bought a new stake in Invesco Municipal Trust during the 4th quarter worth about $10,036,000. Robinson Capital Management LLC lifted its position in Invesco Municipal Trust by 76.2% during the 4th quarter. Robinson Capital Management LLC now owns 514,960 shares of the investment management company’s stock worth $4,902,000 after buying an additional 222,671 shares in the last quarter. Tyche Wealth Partners LLC bought a new stake in Invesco Municipal Trust during the 4th quarter worth about $716,000. Van ECK Associates Corp lifted its position in Invesco Municipal Trust by 14.6% during the 4th quarter. Van ECK Associates Corp now owns 418,765 shares of the investment management company’s stock worth $3,991,000 after buying an additional 53,370 shares in the last quarter. Finally, Wellspring Financial Advisors LLC bought a new stake in Invesco Municipal Trust during the 4th quarter worth about $344,000. 32.00% of the stock is owned by institutional investors.

Invesco Municipal Trust Stock Down 0.4 %

Shares of VKQ stock opened at $9.96 on Friday. The firm’s 50-day moving average is $9.71 and its 200-day moving average is $9.56. Invesco Municipal Trust has a 52-week low of $7.94 and a 52-week high of $10.10.

Invesco Municipal Trust Increases Dividend

The company also recently announced a monthly dividend, which was paid on Friday, June 28th. Stockholders of record on Tuesday, June 18th were issued a $0.0628 dividend. This represents a $0.75 dividend on an annualized basis and a dividend yield of 7.57%. This is a boost from Invesco Municipal Trust’s previous monthly dividend of $0.04. The ex-dividend date was Tuesday, June 18th.

Invesco Municipal Trust 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.