Inv Vk Mun Tr (NYSE:VKQ) Share Price Crosses Below 200-Day Moving Average – Should You Sell?

Inv Vk Mun Tr (NYSE:VKQ)’s stock price passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $9.78 and traded as low as $9.70. Inv Vk Mun Tr shares last traded at $9.71, with a volume of 136,213 shares trading hands.

Inv Vk Mun Tr Stock Performance

The firm’s 50-day simple moving average is $9.88 and its 200 day simple moving average is $9.78.

Inv Vk Mun Tr Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, August 31st. Shareholders of record on Monday, August 17th will be given a $0.0628 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 7.8%. The ex-dividend date of this dividend is Monday, August 17th.

Hedge Funds Weigh In On Inv Vk Mun Tr

Several hedge funds and other institutional investors have recently modified their holdings of the company. Advisory Services Network LLC acquired a new position in Inv Vk Mun Tr in the third quarter worth approximately $36,000. Global Retirement Partners LLC acquired a new stake in shares of Inv Vk Mun Tr in the fourth quarter worth $41,000. Susquehanna International Group LLP bought a new stake in shares of Inv Vk Mun Tr during the second quarter valued at approximately $139,000. Osaic Holdings Inc. grew its position in Inv Vk Mun Tr by 16.9% in the second quarter. Osaic Holdings Inc. now owns 14,206 shares of the investment management company’s stock valued at $130,000 after acquiring an additional 2,051 shares during the period. Finally, Lido Advisors LLC acquired a new position in shares of Inv Vk Mun Tr in the 3rd quarter worth approximately $141,000. Institutional investors and hedge funds own 32.00% of the company’s stock.

About Inv Vk Mun Tr

Invesco Municipal Income Trust (NYSE: VKQ) is a closed-end management investment company that seeks to provide shareholders with a high level of current income exempt from federal income tax. The fund pursues its objective by investing primarily in municipal securities, including general obligation and revenue bonds issued by U.S. states, municipalities, counties and territories. As a tax-advantaged vehicle, the trust offers investors access to the municipal bond market through a diversified portfolio managed by seasoned fixed income professionals.

The trust generally allocates at least 80% of its assets to investment-grade municipal securities, although it may invest in lower-rated obligations when deemed appropriate by its management team.