Invesco Municipal Trust (NYSE:VKQ) Shares Acquired by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. increased its stake in shares of Invesco Municipal Trust (NYSE:VKQ) by 467.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 42,526 shares of the investment management company’s stock after acquiring an additional 35,032 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Invesco Municipal Trust were worth $417,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of VKQ. Raymond James Financial Inc. purchased a new position in Invesco Municipal Trust during the 4th quarter worth $1,045,000. Oppenheimer & Co. Inc. acquired a new position in Invesco Municipal Trust in the 4th quarter valued at about $310,000. Robinson Capital Management LLC increased its position in Invesco Municipal Trust by 36.4% in the 4th quarter. Robinson Capital Management LLC now owns 1,140,860 shares of the investment management company’s stock valued at $11,192,000 after acquiring an additional 304,331 shares during the period. Van ECK Associates Corp raised its stake in Invesco Municipal Trust by 2.7% during the 4th quarter. Van ECK Associates Corp now owns 413,979 shares of the investment management company’s stock valued at $4,061,000 after acquiring an additional 10,868 shares during the last quarter. Finally, Seamount Financial Group Inc. lifted its position in Invesco Municipal Trust by 1.6% during the 4th quarter. Seamount Financial Group Inc. now owns 81,858 shares of the investment management company’s stock worth $803,000 after acquiring an additional 1,287 shares during the period. 32.00% of the stock is currently owned by institutional investors and hedge funds.

Invesco Municipal Trust Stock Performance

Invesco Municipal Trust stock opened at $9.64 on Friday. The business has a 50 day simple moving average of $9.87 and a 200-day simple moving average of $9.99. Invesco Municipal Trust has a 12 month low of $9.15 and a 12 month high of $10.47.

Invesco Municipal Trust Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be given a dividend of $0.0628 per share. The ex-dividend date is Monday, March 17th. This represents a $0.75 annualized dividend and a dividend yield of 7.81%.

Invesco Municipal Trust 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.