Sit Investment Associates Inc. Sells 58,182 Shares of Invesco Municipal Trust (NYSE:VKQ)

Sit Investment Associates Inc. lowered its stake in shares of Invesco Municipal Trust (NYSE:VKQ) by 3.2% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,754,138 shares of the investment management company’s stock after selling 58,182 shares during the quarter. Sit Investment Associates Inc.’s holdings in Invesco Municipal Trust were worth $17,208,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in VKQ. Seamount Financial Group Inc. boosted its stake in Invesco Municipal Trust by 1.6% in the fourth quarter. Seamount Financial Group Inc. now owns 81,858 shares of the investment management company’s stock valued at $803,000 after acquiring an additional 1,287 shares during the last quarter. Rockefeller Capital Management L.P. raised its holdings in shares of Invesco Municipal Trust by 2.3% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 87,568 shares of the investment management company’s stock worth $898,000 after purchasing an additional 1,965 shares during the period. Wealth Alliance Advisory Group LLC lifted its stake in Invesco Municipal Trust by 10.2% in the fourth quarter. Wealth Alliance Advisory Group LLC now owns 66,516 shares of the investment management company’s stock valued at $653,000 after purchasing an additional 6,134 shares during the last quarter. Rareview Capital LLC grew its holdings in Invesco Municipal Trust by 3.1% during the fourth quarter. Rareview Capital LLC now owns 261,583 shares of the investment management company’s stock valued at $2,684,000 after purchasing an additional 7,780 shares during the period. Finally, Madison Park Capital Advisors LLC increased its position in Invesco Municipal Trust by 32.0% in the fourth quarter. Madison Park Capital Advisors LLC now owns 41,386 shares of the investment management company’s stock worth $406,000 after buying an additional 10,026 shares during the last quarter. Hedge funds and other institutional investors own 32.00% of the company’s stock.

Invesco Municipal Trust Stock Performance

Shares of VKQ opened at $9.55 on Friday. Invesco Municipal Trust has a 1 year low of $9.15 and a 1 year high of $10.47. The stock’s fifty day moving average price is $9.85 and its two-hundred day moving average price is $9.94.

Invesco Municipal Trust Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 16th will be issued a dividend of $0.0628 per share. This represents a $0.75 annualized dividend and a yield of 7.89%. The ex-dividend date is Wednesday, April 16th.

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.