63,600 Shares in Invesco Municipal Trust (NYSE:VKQ) Acquired by Absolute Investment Advisers LLC

Absolute Investment Advisers LLC acquired a new stake in Invesco Municipal Trust (NYSE:VKQ) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 63,600 shares of the investment management company’s stock, valued at approximately $624,000.

A number of other institutional investors have also recently bought and sold shares of the business. HighTower Advisors LLC bought a new position in Invesco Municipal Trust during the 3rd quarter worth approximately $429,000. 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. Madison Park Capital Advisors LLC lifted its holdings in Invesco Municipal Trust by 19.1% during the third quarter. Madison Park Capital Advisors LLC now owns 31,360 shares of the investment management company’s stock worth $322,000 after acquiring an additional 5,025 shares in the last quarter. Sanctuary Advisors LLC acquired a new position in Invesco Municipal Trust in the second quarter valued at about $142,000. Finally, JFS Wealth Advisors LLC increased its holdings in shares of Invesco Municipal Trust by 1,624.1% in the third quarter. JFS Wealth Advisors LLC now owns 144,206 shares of the investment management company’s stock worth $1,480,000 after acquiring an additional 135,842 shares in the last quarter. Institutional investors and hedge funds own 32.00% of the company’s stock.

Invesco Municipal Trust Stock Up 0.3 %

NYSE VKQ opened at $9.89 on Monday. Invesco Municipal Trust has a one year low of $9.15 and a one year high of $10.47. The stock’s 50-day moving average is $9.87 and its 200-day moving average is $10.02.

Invesco Municipal Trust Announces Dividend

The business also recently declared a monthly dividend, which was paid on Friday, January 31st. Shareholders of record on Friday, January 17th were paid a $0.0628 dividend. This represents a $0.75 dividend on an annualized basis and a yield of 7.62%. The ex-dividend date of this dividend was Friday, January 17th.

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.