Advisors Asset Management Inc. Lowers Stock Holdings in Inv Vk Mun Tr $VKQ

Advisors Asset Management Inc. lowered its stake in Inv Vk Mun Tr (NYSE:VKQ) by 18.0% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 300,012 shares of the investment management company’s stock after selling 66,027 shares during the period. Advisors Asset Management Inc. owned approximately 0.54% of Inv Vk Mun Tr worth $2,895,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Concurrent Investment Advisors LLC purchased a new position in Inv Vk Mun Tr in the 3rd quarter valued at $405,000. Capital Investment Advisors LLC lifted its stake in shares of Inv Vk Mun Tr by 3.2% in the 3rd quarter. Capital Investment Advisors LLC now owns 153,364 shares of the investment management company’s stock worth $1,480,000 after acquiring an additional 4,726 shares during the period. Permanent Capital Management LP purchased a new stake in shares of Inv Vk Mun Tr in the third quarter valued at about $138,000. Wealth Alliance Advisory Group LLC boosted its holdings in shares of Inv Vk Mun Tr by 2.8% in the third quarter. Wealth Alliance Advisory Group LLC now owns 74,716 shares of the investment management company’s stock valued at $721,000 after acquiring an additional 2,000 shares in the last quarter. Finally, Riverbridge Partners LLC increased its stake in shares of Inv Vk Mun Tr by 3.5% during the third quarter. Riverbridge Partners LLC now owns 31,612 shares of the investment management company’s stock worth $305,000 after acquiring an additional 1,070 shares during the period. Hedge funds and other institutional investors own 32.00% of the company’s stock.

Inv Vk Mun Tr Price Performance

NYSE VKQ opened at $9.95 on Friday. Inv Vk Mun Tr has a 52-week low of $8.86 and a 52-week high of $10.18. The firm has a 50-day moving average price of $9.72 and a 200 day moving average price of $9.56.

Inv Vk Mun Tr Announces Dividend

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

About Inv Vk Mun Tr

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.