Cambridge Investment Research Advisors Inc. lessened its holdings in Invesco Municipal Trust (NYSE:VKQ) by 3.7% during the 1st quarter, HoldingsChannel.com reports. The firm owned 52,568 shares of the investment management company’s stock after selling 2,000 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in Invesco Municipal Trust were worth $633,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors have also modified their holdings of VKQ. Karpus Management Inc. raised its stake in Invesco Municipal Trust by 2,343.3% during the 4th quarter. Karpus Management Inc. now owns 732,999 shares of the investment management company’s stock worth $8,166,000 after acquiring an additional 702,999 shares during the period. JPMorgan Chase & Co. purchased a new position in Invesco Municipal Trust during the first quarter worth $1,739,000. Cohen & Steers Inc. boosted its stake in Invesco Municipal Trust by 45.9% during the fourth quarter. Cohen & Steers Inc. now owns 190,303 shares of the investment management company’s stock worth $2,120,000 after buying an additional 59,878 shares during the period. Ibex Wealth Advisors purchased a new position in Invesco Municipal Trust during the first quarter worth $658,000. Finally, Edge Capital Group LLC purchased a new stake in shares of Invesco Municipal Trust during the fourth quarter valued at $485,000. Hedge funds and other institutional investors own 14.92% of the company’s stock.
VKQ stock opened at $12.30 on Wednesday. Invesco Municipal Trust has a 1-year low of $10.87 and a 1-year high of $12.38.
The company also recently announced a monthly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be issued a $0.0517 dividend. The ex-dividend date of this dividend is Thursday, June 13th. This represents a $0.62 dividend on an annualized basis and a yield of 5.04%.
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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.
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