Capital Investment Advisors LLC Trims Holdings in Invesco Municipal Trust (NYSE:VKQ)

Capital Investment Advisors LLC reduced its stake in Invesco Municipal Trust (NYSE:VKQ) by 3.9% in the 4th quarter, Holdings Channel reports. The institutional investor owned 167,764 shares of the investment management company’s stock after selling 6,750 shares during the period. Capital Investment Advisors LLC’s holdings in Invesco Municipal Trust were worth $1,646,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Pathstone Holdings LLC boosted its position in shares of 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 acquiring an additional 187,221 shares during the last quarter. JFS Wealth Advisors LLC boosted its holdings in Invesco Municipal Trust by 1,624.1% in the 3rd quarter. JFS Wealth Advisors LLC now owns 144,206 shares of the investment management company’s stock valued at $1,480,000 after purchasing an additional 135,842 shares during the last quarter. Stratos Wealth Advisors LLC grew its stake in shares of Invesco Municipal Trust by 88.1% in the 3rd quarter. Stratos Wealth Advisors LLC now owns 207,716 shares of the investment management company’s stock valued at $2,131,000 after buying an additional 97,273 shares during the period. Wealthspire Advisors LLC acquired a new stake in shares of Invesco Municipal Trust during the 2nd quarter worth approximately $441,000. Finally, HighTower Advisors LLC purchased a new stake in shares of Invesco Municipal Trust during the 3rd quarter valued at approximately $429,000. 32.00% of the stock is owned by institutional investors and hedge funds.

Invesco Municipal Trust Trading Up 0.4 %

Shares of Invesco Municipal Trust stock opened at $9.68 on Tuesday. The stock has a 50 day moving average of $9.92 and a 200 day moving average of $10.04. Invesco Municipal Trust has a fifty-two week low of $9.15 and a fifty-two week high of $10.47.

Invesco Municipal Trust Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 17th will be issued a dividend of $0.0628 per share. This represents a $0.75 dividend on an annualized basis and a dividend yield of 7.79%. The ex-dividend date of this dividend is Friday, January 17th.

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.