Capital Investment Advisors LLC Lowers Stake in Invesco Municipal Trust (NYSE:VKQ)

Capital Investment Advisors LLC lessened its holdings in Invesco Municipal Trust (NYSE:VKQ) by 3.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 167,764 shares of the investment management company’s stock after selling 6,750 shares during the period. Capital Investment Advisors LLC’s holdings in Invesco Municipal Trust were worth $1,646,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Community Bank N.A. increased its position in shares of Invesco Municipal Trust by 100.0% in the third quarter. Community Bank N.A. now owns 4,000 shares of the investment management company’s stock valued at $41,000 after buying an additional 2,000 shares in the last quarter. Private Advisor Group LLC acquired a new stake in Invesco Municipal Trust in the 3rd quarter valued at $108,000. Ackerman Capital Advisors LLC acquired a new position in Invesco Municipal Trust during the third quarter worth $137,000. Sanctuary Advisors LLC purchased a new position in Invesco Municipal Trust during the second quarter valued at $142,000. Finally, Avior Wealth Management LLC lifted its holdings in Invesco Municipal Trust by 19.2% during the third quarter. Avior Wealth Management LLC now owns 19,647 shares of the investment management company’s stock valued at $202,000 after purchasing an additional 3,158 shares in the last quarter. Institutional investors and hedge funds own 32.00% of the company’s stock.

Invesco Municipal Trust Stock Performance

VKQ opened at $9.68 on Tuesday. Invesco Municipal Trust has a twelve month low of $9.15 and a twelve month high of $10.47. The company has a 50-day moving average price of $9.92 and a 200 day moving average price of $10.04.

Invesco Municipal Trust Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, January 31st. Shareholders of record on Friday, January 17th will be issued a dividend of $0.0628 per share. The ex-dividend date is Friday, January 17th. This represents a $0.75 dividend on an annualized basis and a dividend yield of 7.79%.

Invesco Municipal Trust 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.