Invesco Municipal Trust (NYSE:VKQ) Stock Crosses Below 200 Day Moving Average – Here’s Why

Invesco Municipal Trust (NYSE:VKQ)’s share price crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $10.04 and traded as low as $9.61. Invesco Municipal Trust shares last traded at $9.64, with a volume of 120,467 shares changing hands.

Invesco Municipal Trust Trading Down 1.3 %

The company’s 50-day moving average is $9.93 and its 200-day moving average is $10.04.

Invesco Municipal Trust Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 17th will be given a dividend of $0.0628 per share. The ex-dividend date of this dividend is Friday, January 17th. This represents a $0.75 dividend on an annualized basis and a dividend yield of 7.82%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of VKQ. Commonwealth Equity Services LLC raised its position in shares of Invesco Municipal Trust by 36.7% during the second quarter. Commonwealth Equity Services LLC now owns 156,701 shares of the investment management company’s stock worth $1,561,000 after acquiring an additional 42,096 shares during the last quarter. Wealthspire Advisors LLC acquired a new stake in Invesco Municipal Trust in the second quarter worth about $441,000. Quarry LP bought a new stake in Invesco Municipal Trust during the 2nd quarter worth about $324,000. Sanctuary Advisors LLC acquired a new position in Invesco Municipal Trust during the 2nd quarter valued at about $142,000. Finally, Stratos Wealth Advisors LLC boosted its stake in shares of Invesco Municipal Trust by 88.1% in the 3rd quarter. Stratos Wealth Advisors LLC now owns 207,716 shares of the investment management company’s stock valued at $2,131,000 after purchasing an additional 97,273 shares during the last quarter. 32.00% of the stock is currently owned by institutional investors.

About Invesco Municipal Trust

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.