Wellspring Financial Advisors LLC Acquires 10,500 Shares of Invesco Municipal Trust (NYSE:VKQ)

Wellspring Financial Advisors LLC grew its holdings in Invesco Municipal Trust (NYSE:VKQ) by 29.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 46,546 shares of the investment management company’s stock after purchasing an additional 10,500 shares during the period. Wellspring Financial Advisors LLC’s holdings in Invesco Municipal Trust were worth $457,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the business. Atlanta Consulting Group Advisors LLC bought a new stake in Invesco Municipal Trust in the 4th quarter worth about $118,000. Landscape Capital Management L.L.C. purchased a new position in shares of Invesco Municipal Trust during the fourth quarter valued at approximately $150,000. Permanent Capital Management LP bought a new position in Invesco Municipal Trust during the fourth quarter valued at approximately $155,000. Kingswood Wealth Advisors LLC bought a new stake in Invesco Municipal Trust in the 4th quarter worth approximately $193,000. Finally, Oppenheimer & Co. Inc. purchased a new stake in Invesco Municipal Trust during the 4th quarter valued at $310,000. Hedge funds and other institutional investors own 32.00% of the company’s stock.

Invesco Municipal Trust Stock Performance

VKQ stock opened at $9.55 on Monday. 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 200-day moving average price is $9.94.

Invesco Municipal Trust Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 16th will be given a dividend of $0.0628 per share. This represents a $0.75 annualized dividend and a dividend 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.