Invesco Municipal Trust (NYSE:VKQ) Stock Crosses Below Two Hundred Day Moving Average – Here’s Why

Invesco Municipal Trust (NYSE:VKQ)’s share price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $10.04 and traded as low as $9.61. Invesco Municipal Trust shares last traded at $9.64, with a volume of 120,467 shares traded.

Invesco Municipal Trust Stock Performance

The stock’s 50 day moving average is $9.93 and its two-hundred day moving average is $10.04.

Invesco Municipal Trust Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, January 31st. Shareholders of record on Friday, January 17th will be paid a $0.0628 dividend. The ex-dividend date is Friday, January 17th. This represents a $0.75 annualized dividend and a yield of 7.82%.

Institutional Investors Weigh In On Invesco Municipal Trust

A number of institutional investors and hedge funds have recently bought and sold shares of VKQ. HighTower Advisors LLC acquired a new position in shares of Invesco Municipal Trust in the third quarter valued at approximately $429,000. Commonwealth Equity Services LLC increased its stake in Invesco Municipal Trust by 36.7% in the 2nd quarter. Commonwealth Equity Services LLC now owns 156,701 shares of the investment management company’s stock valued at $1,561,000 after buying an additional 42,096 shares during the period. Wealthspire Advisors LLC acquired a new stake in shares of Invesco Municipal Trust in the 2nd quarter worth $441,000. Quarry LP acquired a new stake in shares of Invesco Municipal Trust in the 2nd quarter worth $324,000. Finally, Community Bank N.A. boosted its holdings in shares of Invesco Municipal Trust by 100.0% in the third quarter. Community Bank N.A. now owns 4,000 shares of the investment management company’s stock valued at $41,000 after acquiring an additional 2,000 shares in the last quarter. 32.00% of the stock is owned by hedge funds and other institutional investors.

Invesco Municipal Trust Company 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.