Van ECK Associates Corp Sells 81,334 Shares of Inv Vk Mun Tr $VKQ

Van ECK Associates Corp lowered its stake in Inv Vk Mun Tr (NYSE:VKQ) by 18.1% in the second quarter, Holdings Channel reports. The fund owned 368,154 shares of the investment management company’s stock after selling 81,334 shares during the quarter. Van ECK Associates Corp’s holdings in Inv Vk Mun Tr were worth $3,696,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. NewEdge Advisors LLC lifted its stake in Inv Vk Mun Tr by 55.8% in the 1st quarter. NewEdge Advisors LLC now owns 351,113 shares of the investment management company’s stock valued at $3,343,000 after purchasing an additional 125,814 shares during the last quarter. Hennion & Walsh Asset Management Inc. increased its position in Inv Vk Mun Tr by 236.9% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 940,068 shares of the investment management company’s stock valued at $9,438,000 after acquiring an additional 661,027 shares during the period. Invesco Ltd. increased its holdings in Inv Vk Mun Tr by 11.5% in the second quarter. Invesco Ltd. now owns 163,951 shares of the investment management company’s stock valued at $1,500,000 after purchasing an additional 16,904 shares during the period. Bank of America Corp DE increased its stake in shares of Inv Vk Mun Tr by 10.4% in the second quarter. Bank of America Corp DE now owns 158,856 shares of the investment management company’s stock valued at $1,454,000 after buying an additional 14,905 shares during the period. Finally, Jones Financial Companies Lllp acquired a new stake in Inv Vk Mun Tr during the 1st quarter valued at approximately $769,000. 32.00% of the stock is currently owned by institutional investors and hedge funds.

Inv Vk Mun Tr Price Performance

VKQ stock opened at $9.55 on Friday. Inv Vk Mun Tr has a 1-year low of $9.09 and a 1-year high of $10.11. The stock has a 50-day moving average price of $9.84 and a 200-day moving average price of $9.77.

Inv Vk Mun Tr Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Monday, September 14th will be paid a $0.0628 dividend. The ex-dividend date of this dividend is Monday, September 14th. This represents a c) annualized dividend and a yield of 7.9%.

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.