Sit Investment Associates Inc. Sells 149,320 Shares of INV VK MUN TR (NYSE:VKQ)

Sit Investment Associates Inc. lessened its stake in INV VK MUN TR (NYSE:VKQ) by 8.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,604,818 shares of the investment management company’s stock after selling 149,320 shares during the period. Sit Investment Associates Inc. owned about 2.90% of INV VK MUN TR worth $15,486,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Guggenheim Capital LLC grew its position in shares of INV VK MUN TR by 22.5% in the 4th quarter. Guggenheim Capital LLC now owns 1,067,087 shares of the investment management company’s stock valued at $10,468,000 after buying an additional 196,259 shares during the last quarter. Pathstone Holdings LLC boosted its position in shares of INV VK MUN TR by 19.4% during the 4th quarter. Pathstone Holdings LLC now owns 823,912 shares of the investment management company’s stock valued at $8,091,000 after purchasing an additional 133,792 shares in the last quarter. LPL Financial LLC boosted its position in shares of INV VK MUN TR by 23.6% during the 1st quarter. LPL Financial LLC now owns 542,278 shares of the investment management company’s stock valued at $5,233,000 after purchasing an additional 103,374 shares in the last quarter. Stratos Wealth Advisors LLC boosted its position in shares of INV VK MUN TR by 1.2% during the 1st quarter. Stratos Wealth Advisors LLC now owns 205,186 shares of the investment management company’s stock valued at $1,980,000 after purchasing an additional 2,519 shares in the last quarter. Finally, Baird Financial Group Inc. boosted its position in shares of INV VK MUN TR by 3.4% during the 4th quarter. Baird Financial Group Inc. now owns 166,723 shares of the investment management company’s stock valued at $1,636,000 after purchasing an additional 5,408 shares in the last quarter. Institutional investors own 32.00% of the company’s stock.

Insider Activity at INV VK MUN TR

In other INV VK MUN TR news, Portfolio Manager Timothy M. O’reilly bought 5,400 shares of the business’s stock in a transaction that occurred on Tuesday, June 3rd. The shares were bought at an average price of $9.19 per share, for a total transaction of $49,626.00. Following the transaction, the portfolio manager directly owned 5,400 shares in the company, valued at approximately $49,626. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 5.37% of the stock is currently owned by insiders.

INV VK MUN TR Stock Performance

Shares of INV VK MUN TR stock opened at $9.24 on Thursday. INV VK MUN TR has a one year low of $8.86 and a one year high of $10.47. The stock’s 50-day moving average is $9.12 and its 200 day moving average is $9.41.

INV VK MUN TR Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, August 29th. Investors of record on Monday, August 18th will be given a dividend of $0.0628 per share. The ex-dividend date is Monday, August 18th. This represents a c) annualized dividend and a dividend yield of 8.2%.

INV VK MUN TR 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.