Invesco Municipal Trust (NYSE:VKQ) Shares Sold by Mackay Shields LLC

Mackay Shields LLC cut its position in Invesco Municipal Trust (NYSE:VKQ) by 1.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 328,653 shares of the investment management company’s stock after selling 4,398 shares during the period. Mackay Shields LLC’s holdings in Invesco Municipal Trust were worth $3,224,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in the company. Robinson Capital Management LLC boosted its stake in shares of Invesco Municipal Trust by 36.4% in the fourth quarter. Robinson Capital Management LLC now owns 1,140,860 shares of the investment management company’s stock worth $11,192,000 after acquiring an additional 304,331 shares during the last quarter. Van ECK Associates Corp boosted its stake in shares of Invesco Municipal Trust by 2.7% in the fourth quarter. Van ECK Associates Corp now owns 413,979 shares of the investment management company’s stock worth $4,061,000 after acquiring an additional 10,868 shares during the last quarter. Seamount Financial Group Inc. lifted its position in Invesco Municipal Trust by 1.6% during the fourth quarter. Seamount Financial Group Inc. now owns 81,858 shares of the investment management company’s stock worth $803,000 after buying an additional 1,287 shares in the last quarter. Absolute Investment Advisers LLC purchased a new position in Invesco Municipal Trust during the fourth quarter worth approximately $624,000. Finally, Ibex Wealth Advisors purchased a new position in Invesco Municipal Trust during the fourth quarter worth approximately $874,000. 32.00% of the stock is owned by institutional investors and hedge funds.

Invesco Municipal Trust Trading Down 0.1 %

Shares of Invesco Municipal Trust stock opened at $9.95 on Friday. Invesco Municipal Trust has a one year low of $9.15 and a one year high of $10.47. The business’s 50 day moving average price is $9.81 and its 200 day moving average price is $10.01.

Invesco Municipal Trust Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, February 28th. Investors of record on Tuesday, February 18th will be given a dividend of $0.0628 per share. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $0.75 dividend on an annualized basis and a yield of 7.58%.

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.