Inv Vk Mun Tr $VKQ Shares Sold by Rivernorth Capital Management LLC

Rivernorth Capital Management LLC trimmed its stake in Inv Vk Mun Tr (NYSE:VKQ) by 37.3% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 2,749,965 shares of the investment management company’s stock after selling 1,637,091 shares during the quarter. Inv Vk Mun Tr accounts for approximately 1.3% of Rivernorth Capital Management LLC’s holdings, making the stock its 13th biggest holding. Rivernorth Capital Management LLC’s holdings in Inv Vk Mun Tr were worth $27,610,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Advisory Services Network LLC bought a new stake in Inv Vk Mun Tr in the 3rd quarter valued at about $36,000. Global Retirement Partners LLC acquired a new stake in shares of Inv Vk Mun Tr during the fourth quarter worth $41,000. Osaic Holdings Inc. lifted its position in Inv Vk Mun Tr by 16.9% in the 2nd quarter. Osaic Holdings Inc. now owns 14,206 shares of the investment management company’s stock worth $130,000 after buying an additional 2,051 shares in the last quarter. Lido Advisors LLC acquired a new stake in shares of Inv Vk Mun Tr in the third quarter worth about $141,000. Finally, Vericrest Private Wealth bought a new position in Inv Vk Mun Tr during the fourth quarter worth $169,000. Institutional investors own 32.00% of the company’s stock.

Inv Vk Mun Tr Trading Down 0.4%

Shares of Inv Vk Mun Tr stock opened at $9.74 on Monday. The firm’s 50-day simple moving average is $9.87 and its 200-day simple moving average is $9.78. Inv Vk Mun Tr has a twelve month low of $9.05 and a twelve month high of $10.11.

Inv Vk Mun Tr Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, August 31st. Investors of record on Monday, August 17th will be issued a $0.0628 dividend. The ex-dividend date of this dividend is Monday, August 17th. This represents a c) dividend on an annualized basis and a dividend yield of 7.7%.

Inv Vk Mun Tr Company Profile

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.