Tyche Wealth Partners LLC Sells 5,810 Shares of Invesco Municipal Trust (NYSE:VKQ)

Tyche Wealth Partners LLC cut its position in Invesco Municipal Trust (NYSE:VKQ) by 7.7% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 69,321 shares of the investment management company’s stock after selling 5,810 shares during the quarter. Tyche Wealth Partners LLC’s holdings in Invesco Municipal Trust were worth $711,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Ackerman Capital Advisors LLC acquired a new position in Invesco Municipal Trust in the 3rd quarter valued at $137,000. Dakota Wealth Management grew its position in shares of Invesco Municipal Trust by 7.2% in the 3rd quarter. Dakota Wealth Management now owns 118,661 shares of the investment management company’s stock valued at $1,217,000 after buying an additional 7,984 shares during the last quarter. Private Advisor Group LLC bought a new stake in Invesco Municipal Trust in the third quarter worth approximately $108,000. Madison Park Capital Advisors LLC increased its holdings in Invesco Municipal Trust by 19.1% in the third quarter. Madison Park Capital Advisors LLC now owns 31,360 shares of the investment management company’s stock worth $322,000 after purchasing an additional 5,025 shares in the last quarter. Finally, Wealth Alliance Advisory Group LLC grew its stake in Invesco Municipal Trust by 5.7% in the third quarter. Wealth Alliance Advisory Group LLC now owns 60,382 shares of the investment management company’s stock valued at $620,000 after acquiring an additional 3,273 shares during the period. 32.00% of the stock is owned by institutional investors and hedge funds.

Invesco Municipal Trust Stock Down 1.2 %

Shares of NYSE:VKQ traded down $0.12 during mid-day trading on Tuesday, hitting $9.86. 32,406 shares of the company traded hands, compared to its average volume of 159,137. The stock has a 50-day moving average price of $10.17 and a two-hundred day moving average price of $9.93. Invesco Municipal Trust has a 12-month low of $8.01 and a 12-month high of $10.47.

Invesco Municipal Trust Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Wednesday, October 16th will be paid a $0.0628 dividend. The ex-dividend date of this dividend is Wednesday, October 16th. This represents a $0.75 annualized dividend and a dividend yield of 7.64%.

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.