LPL Financial LLC Purchases 103,374 Shares of INV VK MUN TR (NYSE:VKQ)

LPL Financial LLC increased its position in INV VK MUN TR (NYSE:VKQ) by 23.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 542,278 shares of the investment management company’s stock after buying an additional 103,374 shares during the period. LPL Financial LLC owned 0.98% of INV VK MUN TR worth $5,233,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. First Trust Advisors LP raised its holdings in shares of INV VK MUN TR by 11.3% during the 4th quarter. First Trust Advisors LP now owns 11,995 shares of the investment management company’s stock worth $118,000 after acquiring an additional 1,216 shares in the last quarter. Sowell Financial Services LLC purchased a new position in shares of INV VK MUN TR in the first quarter valued at $135,000. Private Advisor Group LLC bought a new stake in INV VK MUN TR in the first quarter worth $140,000. Nomura Holdings Inc. purchased a new stake in INV VK MUN TR during the fourth quarter valued at $166,000. Finally, XTX Topco Ltd purchased a new stake in INV VK MUN TR during the fourth quarter valued at $176,000. 32.00% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, Portfolio Manager Timothy M. O’reilly acquired 5,400 shares of the firm’s stock in a transaction on Tuesday, June 3rd. The shares were acquired at an average cost of $9.19 per share, for a total transaction of $49,626.00. Following the completion of the transaction, the portfolio manager directly owned 5,400 shares in the company, valued at approximately $49,626. This trade represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 5.37% of the stock is owned by insiders.

INV VK MUN TR Price Performance

Shares of NYSE:VKQ opened at $9.21 on Wednesday. The firm has a fifty day simple moving average of $9.12 and a two-hundred day simple moving average of $9.42. INV VK MUN TR has a 52 week low of $8.86 and a 52 week high of $10.47.

INV VK MUN TR Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, August 29th. Shareholders of record on Monday, August 18th will be paid a dividend of $0.0628 per share. This represents a c) annualized dividend and a yield of 8.2%. The ex-dividend date of this dividend is Monday, August 18th.

About INV VK MUN TR

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.