NewEdge Advisors LLC Has $4.55 Million Position in Inv Vk Mun Tr $VKQ

NewEdge Advisors LLC increased its stake in Inv Vk Mun Tr (NYSE:VKQ) by 29.0% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 453,003 shares of the investment management company’s stock after purchasing an additional 101,890 shares during the period. NewEdge Advisors LLC’s holdings in Inv Vk Mun Tr were worth $4,548,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Hennion & Walsh Asset Management Inc. boosted its holdings in Inv Vk Mun Tr by 236.9% in the second quarter. Hennion & Walsh Asset Management Inc. now owns 940,068 shares of the investment management company’s stock valued at $9,438,000 after acquiring an additional 661,027 shares during the last quarter. Bank of America Corp DE increased its holdings in Inv Vk Mun Tr by 12.4% in the first quarter. Bank of America Corp DE now owns 228,050 shares of the investment management company’s stock valued at $2,171,000 after purchasing an additional 25,246 shares during the last quarter. Cetera Investment Advisers lifted its stake in Inv Vk Mun Tr by 26.6% in the first quarter. Cetera Investment Advisers now owns 101,050 shares of the investment management company’s stock valued at $962,000 after buying an additional 21,227 shares during the period. Royal Bank of Canada boosted its holdings in Inv Vk Mun Tr by 10.2% during the first quarter. Royal Bank of Canada now owns 85,870 shares of the investment management company’s stock worth $817,000 after buying an additional 7,972 shares during the last quarter. Finally, Concorde Asset Management LLC grew its position in shares of Inv Vk Mun Tr by 8.5% during the 4th quarter. Concorde Asset Management LLC now owns 81,759 shares of the investment management company’s stock worth $789,000 after buying an additional 6,393 shares during the period. Institutional investors and hedge funds own 32.00% of the company’s stock.

Inv Vk Mun Tr Stock Down 0.2%

Shares of VKQ stock opened at $9.38 on Tuesday. The stock has a 50-day moving average of $9.77 and a 200-day moving average of $9.75. Inv Vk Mun Tr has a one year low of $9.29 and a one year high of $10.11.

Inv Vk Mun Tr Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Monday, September 14th will be issued a $0.0628 dividend. The ex-dividend date is Monday, September 14th. This represents a c) annualized dividend and a yield of 8.0%.

Inv Vk Mun Tr Profile

Invesco Municipal Trust (NYSE: VKQ) is a closed-end management investment company that seeks to provide current income exempt from regular federal income tax. The fund primarily invests in a diversified portfolio of municipal securities issued by states, municipalities and other governmental entities.

The trust’s portfolio may include general obligation and revenue bonds, including securities used to finance public infrastructure, education, transportation, utilities and other essential services.