Raymond James Financial Services Advisors Inc. Sells 4,099 Shares of Invesco Municipal Trust (NYSE:VKQ)

Raymond James Financial Services Advisors Inc. trimmed its position in shares of Invesco Municipal Trust (NYSE:VKQ) by 22.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 14,185 shares of the investment management company’s stock after selling 4,099 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in Invesco Municipal Trust were worth $135,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Capital Investment Advisors LLC increased its stake in Invesco Municipal Trust by 5.0% during the fourth quarter. Capital Investment Advisors LLC now owns 159,001 shares of the investment management company’s stock valued at $1,515,000 after acquiring an additional 7,595 shares during the period. Landscape Capital Management L.L.C. increased its stake in Invesco Municipal Trust by 44.9% during the third quarter. Landscape Capital Management L.L.C. now owns 34,339 shares of the investment management company’s stock valued at $286,000 after acquiring an additional 10,642 shares during the period. Robinson Capital Management LLC increased its stake in Invesco Municipal Trust by 46.9% during the third quarter. Robinson Capital Management LLC now owns 292,289 shares of the investment management company’s stock valued at $2,448,000 after acquiring an additional 93,345 shares during the period. Oppenheimer & Co. Inc. bought a new position in Invesco Municipal Trust during the third quarter valued at about $86,000. Finally, Advisor Partners II LLC bought a new position in Invesco Municipal Trust during the third quarter valued at about $987,000. 32.00% of the stock is currently owned by institutional investors.

Invesco Municipal Trust Stock Performance

Shares of VKQ opened at $9.20 on Friday. Invesco Municipal Trust has a 12-month low of $7.94 and a 12-month high of $9.76. The stock’s 50-day moving average price is $9.49 and its 200 day moving average price is $9.23.

Invesco Municipal Trust Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Tuesday, April 16th will be issued a dividend of $0.0391 per share. This represents a $0.47 dividend on an annualized basis and a yield of 5.10%. The ex-dividend date of this dividend is Monday, April 15th.

About Invesco Municipal Trust

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.