IHT Wealth Management LLC Has $924,000 Stake in Invesco Municipal Trust (VKQ)
IHT Wealth Management LLC continued to hold its position in shares of Invesco Municipal Trust (NYSE:VKQ) during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 998 shares of the investment management company’s stock at the close of the 2nd quarter. IHT Wealth Management LLC’s holdings in Invesco Municipal Trust were worth $924,000 as of its most recent SEC filing.
A number of other hedge funds have also recently added to or reduced their stakes in VKQ. Accuvest Global Advisors grew its position in Invesco Municipal Trust by 14.9% during the second quarter. Accuvest Global Advisors now owns 122,410 shares of the investment management company’s stock valued at $1,571,000 after buying an additional 15,920 shares during the period. JFS Wealth Advisors LLC grew its position in shares of Invesco Municipal Trust by 1.4% in the second quarter. JFS Wealth Advisors LLC now owns 188,468 shares of the investment management company’s stock valued at $2,418,000 after purchasing an additional 2,512 shares during the period. First Trust Advisors LP grew its position in shares of Invesco Municipal Trust by 8.9% in the second quarter. First Trust Advisors LP now owns 73,971 shares of the investment management company’s stock valued at $949,000 after purchasing an additional 6,071 shares during the period. IFC Holdings Incorporated FL grew its position in shares of Invesco Municipal Trust by 3.3% in the second quarter. IFC Holdings Incorporated FL now owns 71,333 shares of the investment management company’s stock valued at $916,000 after purchasing an additional 2,304 shares during the period. Finally, Wedbush Securities Inc. grew its position in shares of Invesco Municipal Trust by 2.0% in the second quarter. Wedbush Securities Inc. now owns 15,200 shares of the investment management company’s stock valued at $195,000 after purchasing an additional 300 shares during the period. Institutional investors own 9.67% of the company’s stock.
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Shares of Invesco Municipal Trust (NYSE:VKQ) remained flat at $12.72 during mid-day trading on Friday. 65,384 shares of the stock traded hands. The firm has a 50-day moving average of $12.88 and a 200 day moving average of $12.77. Invesco Municipal Trust has a 52 week low of $11.89 and a 52 week high of $13.70.
The business also recently declared a monthly dividend, which will be paid on Tuesday, October 31st. Stockholders of record on Friday, October 13th will be paid a dividend of $0.0591 per share. The ex-dividend date is Thursday, October 12th. This represents a $0.71 dividend on an annualized basis and a dividend yield of 5.58%.
Invesco Municipal Trust Company Profile
Invesco Municipal Trust (the Trust) is a diversified, closed-end management investment company. The Trust’s investment objective is to provide common shareholders with a high level of current income exempt from federal income tax, consistent with preservation of capital. The Trust invests approximately 80% of its assets in municipal securities rated investment grade at the time of investment.
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