Wells Fargo & Company MN trimmed its stake in shares of Invesco Municipal Trust (NYSE:VKQ) by 2.2% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 558,883 shares of the investment management company’s stock after selling 12,711 shares during the quarter. Wells Fargo & Company MN’s holdings in Invesco Municipal Trust were worth $6,538,000 at the end of the most recent reporting period.
A number of other large investors also recently modified their holdings of the stock. First Trust Advisors LP boosted its position in Invesco Municipal Trust by 11.4% in the first quarter. First Trust Advisors LP now owns 53,455 shares of the investment management company’s stock valued at $644,000 after buying an additional 5,475 shares in the last quarter. Landscape Capital Management L.L.C. bought a new position in shares of Invesco Municipal Trust in the 4th quarter valued at $1,124,000. Advisor Group Inc. boosted its holdings in shares of Invesco Municipal Trust by 106.8% during the 4th quarter. Advisor Group Inc. now owns 3,278 shares of the investment management company’s stock valued at $40,000 after acquiring an additional 1,693 shares in the last quarter. Pacitti Group Inc. bought a new stake in Invesco Municipal Trust during the 4th quarter worth $51,000. Finally, Northwestern Mutual Wealth Management Co. increased its holdings in Invesco Municipal Trust by 20.1% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 24,355 shares of the investment management company’s stock worth $301,000 after purchasing an additional 4,075 shares in the last quarter. 16.36% of the stock is owned by institutional investors and hedge funds.
Shares of NYSE VKQ opened at $11.79 on Wednesday. The firm has a 50 day moving average price of $11.65 and a two-hundred day moving average price of $12.01. Invesco Municipal Trust has a 52-week low of $9.08 and a 52-week high of $13.07.
The firm also recently disclosed a monthly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 16th were paid a $0.0489 dividend. The ex-dividend date of this dividend was Monday, June 15th. This represents a $0.59 annualized dividend and a dividend yield of 4.98%.
Invesco Municipal Trust Company Profile
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.
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