Riverbridge Partners LLC Cuts Position in Invesco Municipal Trust (NYSE:VKQ)

Riverbridge Partners LLC decreased its holdings in Invesco Municipal Trust (NYSE:VKQ) by 14.2% in the fourth quarter, HoldingsChannel.com reports. The firm owned 24,065 shares of the investment management company’s stock after selling 3,997 shares during the quarter. Riverbridge Partners LLC’s holdings in Invesco Municipal Trust were worth $236,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Madison Park Capital Advisors LLC increased its position in shares of Invesco Municipal Trust by 32.0% in the fourth quarter. Madison Park Capital Advisors LLC now owns 41,386 shares of the investment management company’s stock valued at $406,000 after buying an additional 10,026 shares in the last quarter. Dakota Wealth Management raised its position in Invesco Municipal Trust by 54.7% during the fourth quarter. Dakota Wealth Management now owns 183,546 shares of the investment management company’s stock worth $1,801,000 after acquiring an additional 64,885 shares during the period. Wealth Alliance Advisory Group LLC grew its position in shares of Invesco Municipal Trust by 10.2% in the fourth quarter. Wealth Alliance Advisory Group LLC now owns 66,516 shares of the investment management company’s stock valued at $653,000 after purchasing an additional 6,134 shares during the period. HighTower Advisors LLC purchased a new stake in shares of Invesco Municipal Trust during the third quarter worth about $429,000. Finally, Community Bank N.A. raised its position in shares of 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 purchasing an additional 2,000 shares during the last quarter. Hedge funds and other institutional investors own 32.00% of the company’s stock.

Invesco Municipal Trust Stock Down 0.6 %

Shares of Invesco Municipal Trust stock opened at $9.78 on Friday. Invesco Municipal Trust has a twelve month low of $9.15 and a twelve month high of $10.47. The firm’s 50-day moving average price is $9.89 and its 200 day moving average price is $10.03.

Invesco Municipal Trust Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 17th will be paid a $0.0628 dividend. This represents a $0.75 dividend on an annualized basis and a dividend yield of 7.71%. The ex-dividend date is 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.