Invesco Municipal Trust (NYSE:VKQ) Shares Purchased by Wealthcare Advisory Partners LLC

Wealthcare Advisory Partners LLC boosted its holdings in Invesco Municipal Trust (NYSE:VKQ) by 9.3% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 18,907 shares of the investment management company’s stock after buying an additional 1,613 shares during the period. Wealthcare Advisory Partners LLC’s holdings in Invesco Municipal Trust were worth $182,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in VKQ. Van ECK Associates Corp boosted its position in shares of Invesco Municipal Trust by 2.7% in the fourth quarter. Van ECK Associates Corp now owns 413,979 shares of the investment management company’s stock worth $4,061,000 after acquiring an additional 10,868 shares during the last quarter. Robinson Capital Management LLC boosted its holdings in shares of Invesco Municipal Trust by 36.4% in the 4th quarter. Robinson Capital Management LLC now owns 1,140,860 shares of the investment management company’s stock valued at $11,192,000 after purchasing an additional 304,331 shares during the last quarter. Oppenheimer & Co. Inc. purchased a new stake in shares of Invesco Municipal Trust during the 4th quarter valued at $310,000. Raymond James Financial Inc. purchased a new stake in shares of Invesco Municipal Trust during the 4th quarter valued at $1,045,000. Finally, PNC Financial Services Group Inc. increased its holdings in shares of Invesco Municipal Trust by 467.5% during the 4th quarter. PNC Financial Services Group Inc. now owns 42,526 shares of the investment management company’s stock worth $417,000 after buying an additional 35,032 shares during the last quarter. 32.00% of the stock is owned by institutional investors and hedge funds.

Invesco Municipal Trust Stock Down 0.8%

Shares of VKQ opened at $9.14 on Monday. Invesco Municipal Trust has a twelve month low of $8.86 and a twelve month high of $10.47. The stock’s fifty day simple moving average is $9.25 and its 200 day simple moving average is $9.63.

Invesco Municipal Trust Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, June 30th. Stockholders of record on Tuesday, June 17th will be issued a $0.0628 dividend. The ex-dividend date of this dividend is Tuesday, June 17th. This represents a $0.75 dividend on an annualized basis and a dividend yield of 8.25%.

Insider Activity

In other Invesco Municipal Trust news, Portfolio Manager Timothy M. O’reilly acquired 5,400 shares of the company’s stock in a transaction dated Tuesday, June 3rd. The stock was bought at an average price of $9.19 per share, with a total value of $49,626.00. Following the completion of the transaction, the portfolio manager now directly owns 5,400 shares of the company’s stock, valued at approximately $49,626. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 5.37% of the company’s stock.

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.