Invesco Municipal Trust (NYSE:VKQ) Shares Sold by Riverbridge Partners LLC

Riverbridge Partners LLC cut its position in Invesco Municipal Trust (NYSE:VKQ) by 14.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 24,065 shares of the investment management company’s stock after selling 3,997 shares during the period. Riverbridge Partners LLC’s holdings in Invesco Municipal Trust were worth $236,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of the company. Quarry LP purchased a new position in Invesco Municipal Trust during the 2nd quarter worth approximately $324,000. Sanctuary Advisors LLC purchased a new position in shares of Invesco Municipal Trust during the second quarter worth $142,000. Stratos Wealth Advisors LLC lifted its position in Invesco Municipal Trust by 88.1% during the third quarter. Stratos Wealth Advisors LLC now owns 207,716 shares of the investment management company’s stock valued at $2,131,000 after purchasing an additional 97,273 shares during the period. Capital Investment Advisors LLC boosted its holdings in Invesco Municipal Trust by 2.1% in the third quarter. Capital Investment Advisors LLC now owns 174,514 shares of the investment management company’s stock valued at $1,791,000 after purchasing an additional 3,672 shares during the last quarter. Finally, Wealth Alliance Advisory Group LLC grew its position in Invesco Municipal Trust by 5.7% during the 3rd quarter. Wealth Alliance Advisory Group LLC now owns 60,382 shares of the investment management company’s stock worth $620,000 after purchasing an additional 3,273 shares during the period. 32.00% of the stock is currently owned by hedge funds and other institutional investors.

Invesco Municipal Trust Price Performance

Shares of VKQ stock opened at $9.78 on Friday. Invesco Municipal Trust has a 52-week low of $9.15 and a 52-week high of $10.47. The business has a 50-day simple moving average of $9.89 and a 200-day simple moving average of $10.03.

Invesco Municipal Trust Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, January 31st. Shareholders of record on Friday, January 17th will be given a $0.0628 dividend. The ex-dividend date of this dividend is Friday, January 17th. This represents a $0.75 annualized dividend and a yield of 7.71%.

Invesco Municipal Trust Company 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.