Inv Vk Mun Tr (NYSE:VKQ) Reaches New 1-Year High – Should You Buy?

Inv Vk Mun Tr (NYSE:VKQ)’s stock price hit a new 52-week high on Wednesday . The company traded as high as $10.04 and last traded at $9.8410, with a volume of 525 shares traded. The stock had previously closed at $9.84.

Inv Vk Mun Tr Price Performance

The company’s 50-day simple moving average is $9.71 and its two-hundred day simple moving average is $9.71.

Inv Vk Mun Tr Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be issued a $0.0628 dividend. This represents a c) annualized dividend and a yield of 7.6%. The ex-dividend date of this dividend is Monday, June 15th.

Hedge Funds Weigh In On Inv Vk Mun Tr

Large investors have recently made changes to their positions in the business. Advisory Services Network LLC purchased a new position in Inv Vk Mun Tr during the 3rd quarter valued at approximately $36,000. Global Retirement Partners LLC acquired a new position in Inv Vk Mun Tr in the fourth quarter valued at approximately $41,000. Perennial Investment Advisors LLC purchased a new stake in shares of Inv Vk Mun Tr in the third quarter valued at approximately $107,000. Choreo LLC acquired a new stake in Inv Vk Mun Tr in the 4th quarter valued at $124,000. Finally, Osaic Holdings Inc. raised its position in shares of Inv Vk Mun Tr by 16.9% during the 2nd quarter. Osaic Holdings Inc. now owns 14,206 shares of the investment management company’s stock worth $130,000 after purchasing an additional 2,051 shares during the last quarter. 32.00% of the stock is currently owned by hedge funds and other institutional investors.

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.