Inv Vk Mun Tr (NYSE:VKQ) Hits New 1-Year High – What’s Next?

Inv Vk Mun Tr (NYSE:VKQ) shares hit a new 52-week high on Thursday . The company traded as high as $10.13 and last traded at $9.8450, with a volume of 405 shares traded. The stock had previously closed at $9.83.

Inv Vk Mun Tr Trading Up 0.0%

The stock’s fifty day moving average is $9.69 and its two-hundred day moving average is $9.70.

Inv Vk Mun Tr Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be issued a dividend of $0.0628 per share. This represents a c) dividend on an annualized basis and a yield of 7.7%. The ex-dividend date is Monday, June 15th.

Hedge Funds Weigh In On Inv Vk Mun Tr

Several institutional investors and hedge funds have recently modified their holdings of VKQ. Jones Financial Companies Lllp acquired a new position in shares of Inv Vk Mun Tr in the first quarter valued at $769,000. Invesco Ltd. lifted its holdings in shares of Inv Vk Mun Tr by 11.5% in the second quarter. Invesco Ltd. now owns 163,951 shares of the investment management company’s stock worth $1,500,000 after acquiring an additional 16,904 shares during the last quarter. Raymond James Financial Inc. increased its stake in shares of 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. Bank of America Corp DE increased its stake in shares of Inv Vk Mun Tr by 10.4% in the second quarter. Bank of America Corp DE now owns 158,856 shares of the investment management company’s stock valued at $1,454,000 after buying an additional 14,905 shares during the period. Finally, Osaic Holdings Inc. increased its stake in shares of Inv Vk Mun Tr by 16.9% in the second quarter. Osaic Holdings Inc. now owns 14,206 shares of the investment management company’s stock valued at $130,000 after buying an additional 2,051 shares during the period. 32.00% of the stock is currently owned by institutional investors and hedge funds.

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.