Ackerman Capital Advisors LLC Purchases Shares of 13,325 Invesco Municipal Trust (NYSE:VKQ)

Ackerman Capital Advisors LLC acquired a new position in shares of Invesco Municipal Trust (NYSE:VKQ) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 13,325 shares of the investment management company’s stock, valued at approximately $137,000.

Several other large investors also recently made changes to their positions in the business. Karpus Management Inc. increased its holdings in Invesco Municipal Trust by 30.3% in the 1st quarter. Karpus Management Inc. now owns 2,703,952 shares of the investment management company’s stock valued at $26,228,000 after purchasing an additional 628,699 shares in the last quarter. Robinson Capital Management LLC boosted its position in shares of Invesco Municipal Trust by 19.3% in the first quarter. Robinson Capital Management LLC now owns 614,403 shares of the investment management company’s stock worth $5,766,000 after buying an additional 99,443 shares during the period. Matisse Capital acquired a new stake in shares of Invesco Municipal Trust in the first quarter valued at about $944,000. Stratos Wealth Advisors LLC lifted its position in Invesco Municipal Trust by 88.1% during the 3rd quarter. Stratos Wealth Advisors LLC now owns 207,716 shares of the investment management company’s stock worth $2,131,000 after acquiring an additional 97,273 shares in the last quarter. Finally, Rothschild Investment LLC acquired a new position in Invesco Municipal Trust during the 2nd quarter worth approximately $911,000. Institutional investors and hedge funds own 32.00% of the company’s stock.

Invesco Municipal Trust Stock Up 0.4 %

Shares of NYSE:VKQ opened at $9.97 on Friday. Invesco Municipal Trust has a 52-week low of $7.95 and a 52-week high of $10.47. The company has a 50 day moving average of $10.17 and a two-hundred day moving average of $9.92.

Invesco Municipal Trust Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Thursday, October 31st. Investors of record on Wednesday, October 16th will be paid a dividend of $0.0628 per share. This represents a $0.75 annualized dividend and a yield of 7.56%. The ex-dividend date of this dividend is Wednesday, October 16th.

Invesco Municipal Trust Company 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.