Independent Advisor Alliance Takes $762,000 Position in Invesco Municipal Trust (NYSE:VKQ)

Independent Advisor Alliance purchased a new stake in shares of Invesco Municipal Trust (NYSE:VKQ) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 77,702 shares of the investment management company’s stock, valued at approximately $762,000.

A number of other institutional investors also recently bought and sold shares of VKQ. Robinson Capital Management LLC raised 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 valued at $11,192,000 after acquiring an additional 304,331 shares during the period. Pathstone Holdings LLC grew its holdings in Invesco Municipal Trust by 37.2% during the 3rd quarter. Pathstone Holdings LLC now owns 690,120 shares of the investment management company’s stock valued at $7,081,000 after purchasing an additional 187,221 shares during the last quarter. Van ECK Associates Corp raised its position in Invesco Municipal Trust by 2.7% in the 4th quarter. Van ECK Associates Corp now owns 413,979 shares of the investment management company’s stock worth $4,061,000 after purchasing an additional 10,868 shares during the period. Dakota Wealth Management lifted its stake in Invesco Municipal Trust by 54.7% in the fourth quarter. Dakota Wealth Management now owns 183,546 shares of the investment management company’s stock worth $1,801,000 after purchasing an additional 64,885 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new stake in Invesco Municipal Trust in the fourth quarter worth about $1,045,000. 32.00% of the stock is currently owned by institutional investors.

Invesco Municipal Trust Stock Up 0.1 %

VKQ opened at $9.82 on Friday. The stock’s 50 day moving average price is $9.88 and its 200-day moving average price is $10.00. Invesco Municipal Trust has a one year low of $9.15 and a one year high of $10.47.

Invesco Municipal Trust Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be paid a $0.0628 dividend. The ex-dividend date of this dividend is Monday, March 17th. This represents a $0.75 dividend on an annualized basis and a yield of 7.68%.

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.