Invesco Municipal Trust (NYSE:VKQ) Sees Strong Trading Volume After Dividend Announcement

Invesco Municipal Trust (NYSE:VKQ) saw an uptick in trading volume on Friday after the company announced a dividend. 330,204 shares were traded during mid-day trading, an increase of 130% from the previous session’s volume of 143,420 shares.The stock last traded at $9.44 and had previously closed at $9.40.

The newly announced dividend which will be paid on Friday, May 31st. Stockholders of record on Thursday, May 16th will be given a $0.0391 dividend. This represents a $0.47 annualized dividend and a dividend yield of 4.94%. The ex-dividend date is Wednesday, May 15th.

Invesco Municipal Trust Stock Performance

The business’s 50 day moving average price is $9.46 and its 200-day moving average price is $9.27.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of VKQ. Financial Management Professionals Inc. acquired a new stake in shares of Invesco Municipal Trust during the first quarter worth $49,000. Oppenheimer & Co. Inc. acquired a new position in shares of Invesco Municipal Trust during the 3rd quarter worth approximately $86,000. Herold Advisors Inc. acquired a new position in shares of Invesco Municipal Trust during the 4th quarter worth approximately $98,000. Nomura Holdings Inc. bought a new position in shares of Invesco Municipal Trust during the fourth quarter worth approximately $101,000. Finally, Relyea Zuckerberg Hanson LLC acquired a new stake in shares of Invesco Municipal Trust in the fourth quarter valued at approximately $139,000. 32.00% of the stock is 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.