Inv Vk Mun Tr (NYSE:VKQ) Stock Price Crosses Below Two Hundred Day Moving Average – Here’s What Happened

Inv Vk Mun Tr (NYSE:VKQ)’s share price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $9.75 and traded as low as $9.37. Inv Vk Mun Tr shares last traded at $9.4010, with a volume of 190,067 shares traded.

Inv Vk Mun Tr Price Performance

The business has a 50 day simple moving average of $9.78 and a 200-day simple moving average of $9.75.

Inv Vk Mun Tr Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Investors of record on Monday, September 14th will be given a dividend of $0.0628 per share. The ex-dividend date is Monday, September 14th. This represents a c) annualized dividend and a yield of 8.0%.

Institutional Investors Weigh In On Inv Vk Mun Tr

Several large investors have recently modified their holdings of the stock. NewEdge Advisors LLC lifted its stake in Inv Vk Mun Tr by 29.0% in the second quarter. NewEdge Advisors LLC now owns 453,003 shares of the investment management company’s stock valued at $4,548,000 after purchasing an additional 101,890 shares during the last quarter. Citadel Advisors LLC purchased a new position in Inv Vk Mun Tr during the 2nd quarter valued at about $242,000. Susquehanna International Group LLP purchased a new position in Inv Vk Mun Tr during the second quarter valued at approximately $139,000. Global Retirement Partners LLC purchased a new position in shares of Inv Vk Mun Tr during the 2nd quarter valued at $74,000. Finally, Choreo LLC increased its holdings in shares of Inv Vk Mun Tr by 14.5% in the second quarter. Choreo LLC now owns 19,163 shares of the investment management company’s stock worth $192,000 after purchasing an additional 2,429 shares during the period. Hedge funds and other institutional investors own 32.00% of the company’s stock.

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.