HighTower Advisors LLC Sells 26,222 Shares of Invesco Municipal Trust (NYSE:VKQ)

HighTower Advisors LLC decreased its position in shares of Invesco Municipal Trust (NYSE:VKQ) by 63.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 15,000 shares of the investment management company’s stock after selling 26,222 shares during the quarter. HighTower Advisors LLC’s holdings in Invesco Municipal Trust were worth $147,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Permanent Capital Management LP acquired a new stake in shares of Invesco Municipal Trust during the 4th quarter worth approximately $155,000. Kingswood Wealth Advisors LLC bought a new position in Invesco Municipal Trust during the fourth quarter worth $193,000. Oppenheimer & Co. Inc. acquired a new stake in Invesco Municipal Trust in the fourth quarter worth $310,000. Madison Park Capital Advisors LLC raised its holdings in shares of Invesco Municipal Trust by 32.0% during the fourth quarter. Madison Park Capital Advisors LLC now owns 41,386 shares of the investment management company’s stock valued at $406,000 after purchasing an additional 10,026 shares during the period. Finally, PNC Financial Services Group Inc. boosted its position in shares of Invesco Municipal Trust by 467.5% during the 4th quarter. PNC Financial Services Group Inc. now owns 42,526 shares of the investment management company’s stock worth $417,000 after purchasing an additional 35,032 shares in the last quarter. Institutional investors and hedge funds own 32.00% of the company’s stock.

Invesco Municipal Trust Stock Down 1.6 %

Shares of NYSE:VKQ opened at $9.55 on Friday. Invesco Municipal Trust has a twelve month low of $9.15 and a twelve month high of $10.47. The stock’s 50 day moving average is $9.85 and its 200-day moving average is $9.94.

Invesco Municipal Trust Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 16th will be issued a $0.0628 dividend. The ex-dividend date of this dividend is Wednesday, April 16th. This represents a $0.75 annualized dividend and a dividend yield of 7.89%.

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.