Inv Vk Mun Tr (NYSE:VKQ) Stock Crosses Above 50 Day Moving Average – Time to Sell?

Inv Vk Mun Tr (NYSE:VKQ)’s stock price passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $9.70 and traded as high as $9.96. Inv Vk Mun Tr shares last traded at $9.9150, with a volume of 209,506 shares changing hands.

Inv Vk Mun Tr Stock Up 0.5%

The stock has a 50 day moving average price of $9.70 and a two-hundred day moving average price of $9.55.

Inv Vk Mun Tr Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, February 27th. Shareholders of record on Tuesday, February 17th will be given a dividend of $0.0628 per share. The ex-dividend date is Tuesday, February 17th. This represents a c) dividend on an annualized basis and a yield of 7.6%.

Institutional Investors Weigh In On Inv Vk Mun Tr

A number of institutional investors and hedge funds have recently added to or reduced their stakes in VKQ. Jones Financial Companies Lllp acquired a new stake in Inv Vk Mun Tr during the first quarter worth approximately $769,000. Raymond James Financial Inc. lifted its stake in Inv Vk Mun Tr by 53.6% in the second quarter. Raymond James Financial Inc. now owns 203,544 shares of the investment management company’s stock valued at $1,862,000 after buying an additional 71,026 shares during the period. Smith Moore & CO. boosted its holdings in shares of Inv Vk Mun Tr by 59.4% during the 3rd quarter. Smith Moore & CO. now owns 165,652 shares of the investment management company’s stock worth $1,599,000 after buying an additional 61,742 shares in the last quarter. StoneX Group Inc. bought a new position in shares of Inv Vk Mun Tr during the 2nd quarter worth approximately $496,000. Finally, Concurrent Investment Advisors LLC acquired a new stake in shares of Inv Vk Mun Tr during the 3rd quarter worth approximately $405,000. Institutional investors own 32.00% of the company’s stock.

Inv Vk Mun Tr Company Profile

Invesco Municipal Income Trust (NYSE: VKQ) is a closed-end management investment company that seeks to provide shareholders with a high level of current income exempt from federal income tax. The fund pursues its objective by investing primarily in municipal securities, including general obligation and revenue bonds issued by U.S. states, municipalities, counties and territories. As a tax-advantaged vehicle, the trust offers investors access to the municipal bond market through a diversified portfolio managed by seasoned fixed income professionals.

The trust generally allocates at least 80% of its assets to investment-grade municipal securities, although it may invest in lower-rated obligations when deemed appropriate by its management team.