Dakota Wealth Management Increases Stock Position in Invesco Municipal Trust (NYSE:VKQ)

Dakota Wealth Management boosted its stake in Invesco Municipal Trust (NYSE:VKQ) by 54.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 183,546 shares of the investment management company’s stock after acquiring an additional 64,885 shares during the period. Dakota Wealth Management’s holdings in Invesco Municipal Trust were worth $1,801,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Community Bank N.A. raised its holdings 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 during the last quarter. Private Advisor Group LLC purchased a new stake in shares of Invesco Municipal Trust in the third quarter valued at about $108,000. Ackerman Capital Advisors LLC purchased a new stake in shares of Invesco Municipal Trust in the third quarter valued at about $137,000. Sanctuary Advisors LLC purchased a new stake in shares of Invesco Municipal Trust in the second quarter valued at about $142,000. Finally, Avior Wealth Management LLC raised its holdings in shares of Invesco Municipal Trust by 19.2% in the third quarter. Avior Wealth Management LLC now owns 19,647 shares of the investment management company’s stock valued at $202,000 after buying an additional 3,158 shares during the last quarter. 32.00% of the stock is owned by hedge funds and other institutional investors.

Invesco Municipal Trust Price Performance

NYSE VKQ opened at $9.78 on Friday. Invesco Municipal Trust has a 52-week low of $9.15 and a 52-week high of $10.47. The firm has a 50-day moving average price of $9.89 and a 200 day moving average price of $10.03.

Invesco Municipal Trust Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, January 31st. Investors 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 annualized dividend and a yield of 7.71%.

Invesco Municipal Trust 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.