Invesco Municipal Trust (VKQ) Stake Decreased by Commonwealth Equity Services Inc
Commonwealth Equity Services Inc lessened its position in shares of Invesco Municipal Trust (NYSE:VKQ) by 64.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 21,987 shares of the investment management company’s stock after selling 39,469 shares during the period. Commonwealth Equity Services Inc’s holdings in Invesco Municipal Trust were worth $280,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also recently modified their holdings of the company. Bremer Trust National Association acquired a new position in Invesco Municipal Trust during the 3rd quarter worth approximately $146,000. Investment Centers of America Inc. increased its position in Invesco Municipal Trust by 1.1% during the 2nd quarter. Investment Centers of America Inc. now owns 12,284 shares of the investment management company’s stock worth $157,000 after purchasing an additional 138 shares in the last quarter. Fiduciary Financial Services of The Southwest Inc. TX acquired a new position in Invesco Municipal Trust during the 2nd quarter worth approximately $171,000. Wedbush Securities Inc. increased its position in Invesco Municipal Trust by 2.0% during the 2nd quarter. Wedbush Securities Inc. now owns 15,200 shares of the investment management company’s stock worth $195,000 after purchasing an additional 300 shares in the last quarter. Finally, Doliver Capital Advisors LP acquired a new position in Invesco Municipal Trust during the 3rd quarter worth approximately $258,000. 9.40% of the stock is owned by institutional investors.
Invesco Municipal Trust (VKQ) traded up $0.05 during mid-day trading on Monday, reaching $12.30. 125,800 shares of the company were exchanged, compared to its average volume of 120,761. Invesco Municipal Trust has a twelve month low of $11.89 and a twelve month high of $13.04.
The business also recently disclosed a monthly dividend, which was paid on Thursday, November 30th. Investors of record on Wednesday, November 15th were given a dividend of $0.0591 per share. This represents a $0.71 dividend on an annualized basis and a yield of 5.77%. The ex-dividend date was Tuesday, November 14th.
Invesco Municipal Trust Profile
Invesco Municipal Trust (the Trust) is a diversified, closed-end management investment company. The Trust’s investment objective is to provide common shareholders with a high level of current income exempt from federal income tax, consistent with preservation of capital. The Trust invests approximately 80% of its assets in municipal securities rated investment grade at the time of investment.
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