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

Absolute Investment Advisers LLC bought a new stake in Invesco Municipal Trust (NYSE:VKQ) in the fourth quarter, HoldingsChannel reports. The fund bought 63,600 shares of the investment management company’s stock, valued at approximately $624,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Pathstone Holdings LLC grew its stake in shares of Invesco Municipal Trust by 37.2% in the third quarter. Pathstone Holdings LLC now owns 690,120 shares of the investment management company’s stock valued at $7,081,000 after buying an additional 187,221 shares in the last quarter. JFS Wealth Advisors LLC lifted its stake in 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 valued at $1,480,000 after acquiring an additional 135,842 shares during the last quarter. Stratos Wealth Advisors LLC grew its position in shares of Invesco Municipal Trust by 88.1% in the 3rd quarter. Stratos Wealth Advisors LLC now owns 207,716 shares of the investment management company’s stock valued at $2,131,000 after acquiring an additional 97,273 shares during the period. Ibex Wealth Advisors acquired a new position in shares of Invesco Municipal Trust during the 4th quarter worth about $874,000. Finally, Dakota Wealth Management raised its holdings in shares of Invesco Municipal Trust by 54.7% in the 4th quarter. Dakota Wealth Management now owns 183,546 shares of the investment management company’s stock valued at $1,801,000 after purchasing an additional 64,885 shares during the period. 32.00% of the stock is currently owned by institutional investors and hedge funds.

Invesco Municipal Trust Trading Up 0.3 %

Shares of NYSE:VKQ opened at $9.89 on Monday. Invesco Municipal Trust has a 52-week low of $9.15 and a 52-week high of $10.47. The company has a 50-day simple moving average of $9.87 and a 200 day simple moving average of $10.02.

Invesco Municipal Trust Dividend Announcement

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

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.