Invesco Municipal Trust (NYSE:VKQ) Shares Cross Below Two Hundred Day Moving Average – What’s Next?

Invesco Municipal Trust (NYSE:VKQ) shares passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $10.07 and traded as low as $10.00. Invesco Municipal Trust shares last traded at $10.01, with a volume of 139,519 shares traded.

Invesco Municipal Trust Trading Down 0.4 %

The business’s 50-day moving average price is $10.08 and its two-hundred day moving average price is $10.07.

Invesco Municipal Trust Dividend Announcement

The firm also recently announced a dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 17th will be issued a dividend of $0.0628 per share. The ex-dividend date is Tuesday, December 17th.

Institutional Investors Weigh In On Invesco Municipal Trust

Several large investors have recently modified their holdings of VKQ. Pathstone Holdings LLC lifted its holdings 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 purchasing an additional 187,221 shares in the last quarter. JFS Wealth Advisors LLC raised its holdings in Invesco Municipal Trust by 1,624.1% during the 3rd quarter. JFS Wealth Advisors LLC now owns 144,206 shares of the investment management company’s stock worth $1,480,000 after buying an additional 135,842 shares during the period. Stratos Wealth Advisors LLC lifted its stake in Invesco Municipal Trust by 88.1% in the third 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 in the last quarter. Rothschild Investment LLC acquired a new position in shares of Invesco Municipal Trust in the second quarter valued at approximately $911,000. Finally, Wealthspire Advisors LLC bought a new stake in shares of Invesco Municipal Trust during the second quarter worth $441,000. 32.00% of the stock is currently owned by institutional investors.

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.