Private Advisor Group LLC lowered its position in Invesco Municipal Trust (NYSE:VKQ) by 24.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,986 shares of the investment management company’s stock after selling 6,864 shares during the quarter. Private Advisor Group LLC’s holdings in Invesco Municipal Trust were worth $267,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the business. Wells Fargo & Company MN raised its stake in shares of Invesco Municipal Trust by 1.6% in the 3rd quarter. Wells Fargo & Company MN now owns 603,906 shares of the investment management company’s stock valued at $7,712,000 after purchasing an additional 9,396 shares in the last quarter. Advisors Asset Management Inc. raised its stake in shares of Invesco Municipal Trust by 0.5% in the 2nd quarter. Advisors Asset Management Inc. now owns 428,273 shares of the investment management company’s stock valued at $5,495,000 after purchasing an additional 2,167 shares in the last quarter. Van ECK Associates Corp raised its stake in shares of Invesco Municipal Trust by 5.8% in the 3rd quarter. Van ECK Associates Corp now owns 158,329 shares of the investment management company’s stock valued at $2,022,000 after purchasing an additional 8,671 shares in the last quarter. Robinson Capital Management LLC raised its stake in shares of Invesco Municipal Trust by 64.0% in the 2nd quarter. Robinson Capital Management LLC now owns 155,663 shares of the investment management company’s stock valued at $1,997,000 after purchasing an additional 60,724 shares in the last quarter. Finally, Royal Bank of Canada raised its stake in shares of Invesco Municipal Trust by 32.8% in the 2nd quarter. Royal Bank of Canada now owns 130,375 shares of the investment management company’s stock valued at $1,673,000 after purchasing an additional 32,176 shares in the last quarter. Hedge funds and other institutional investors own 9.40% of the company’s stock.

Shares of Invesco Municipal Trust (NYSE VKQ) traded down $0.08 during trading on Thursday, hitting $12.47. 274,300 shares of the stock were exchanged, compared to its average volume of 122,077. Invesco Municipal Trust has a 1-year low of $12.04 and a 1-year high of $13.04.

The business also recently announced a monthly dividend, which will be paid on Friday, December 29th. Stockholders of record on Wednesday, December 13th will be paid a $0.0591 dividend. The ex-dividend date is Tuesday, December 12th. This represents a $0.71 dividend on an annualized basis and a dividend yield of 5.69%.

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Invesco Municipal Trust Company Profile

Invesco Municipal Trust (the Trust) is a diversified, closed-end management investment company. The Trust’s investment objective is to provide common shareholders with a high level of current income exempt from federal income tax, consistent with preservation of capital. The Trust invests approximately 80% of its assets in municipal securities rated investment grade at the time of investment.

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Institutional Ownership by Quarter for Invesco Municipal Trust (NYSE:VKQ)

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