Invesco Municipal Trust (NYSE:VKQ) Stock Price Passes Below 200 Day Moving Average – Here’s What Happened

Invesco Municipal Trust (NYSE:VKQ)’s share price passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $10.02 and traded as low as $9.92. Invesco Municipal Trust shares last traded at $9.96, with a volume of 129,294 shares traded.

Invesco Municipal Trust Trading Up 0.6 %

The firm’s 50-day moving average price is $10.14 and its 200 day moving average price is $10.02.

Invesco Municipal Trust Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be paid a $0.0628 dividend. This represents a $0.75 annualized dividend and a yield of 7.57%. The ex-dividend date of this dividend is Friday, November 15th.

Hedge Funds Weigh In On Invesco Municipal Trust

A number of institutional investors and hedge funds have recently made changes to their positions in VKQ. Community Bank N.A. raised its stake in Invesco Municipal Trust by 100.0% during the 3rd quarter. Community Bank N.A. now owns 4,000 shares of the investment management company’s stock worth $41,000 after buying an additional 2,000 shares during the period. Blue Bell Private Wealth Management LLC acquired a new position in shares of Invesco Municipal Trust during the second quarter worth approximately $68,000. Private Advisor Group LLC acquired a new stake in Invesco Municipal Trust in the 3rd quarter valued at $108,000. B. Riley Wealth Advisors Inc. acquired a new stake in Invesco Municipal Trust in the 1st quarter valued at $122,000. Finally, Ackerman Capital Advisors LLC bought a new stake in Invesco Municipal Trust during the 3rd quarter valued at $137,000. Institutional investors own 32.00% of the company’s stock.

About Invesco Municipal Trust

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.