Inv Vk Mun Tr $VKQ Stock Position Raised by Hennion & Walsh Asset Management Inc.

Hennion & Walsh Asset Management Inc. increased its stake in Inv Vk Mun Tr (NYSE:VKQ) by 236.9% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 940,068 shares of the investment management company’s stock after acquiring an additional 661,027 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in Inv Vk Mun Tr were worth $9,438,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of VKQ. Advisory Services Network LLC purchased a new stake in shares of Inv Vk Mun Tr during the third quarter valued at $36,000. Global Retirement Partners LLC purchased a new position in Inv Vk Mun Tr in the 4th quarter worth about $41,000. Choreo LLC acquired a new stake in Inv Vk Mun Tr during the 4th quarter worth about $124,000. Osaic Holdings Inc. raised its holdings in 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 buying an additional 2,051 shares during the period. Finally, Lido Advisors LLC purchased a new stake in Inv Vk Mun Tr during the third quarter valued at about $141,000. 32.00% of the stock is owned by institutional investors and hedge funds.

Inv Vk Mun Tr Stock Up 0.6%

VKQ stock opened at $9.95 on Friday. Inv Vk Mun Tr has a one year low of $9.01 and a one year high of $10.11. The firm has a 50-day moving average of $9.88 and a two-hundred day moving average of $9.77.

Inv Vk Mun Tr Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, August 31st. Investors of record on Monday, August 17th will be given a $0.0628 dividend. This represents a c) annualized dividend and a dividend yield of 7.6%. The ex-dividend date is Monday, August 17th.

Inv Vk Mun Tr Profile

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.