Seamount Financial Group Inc. Grows Stake in Invesco Municipal Trust (NYSE:VKQ)

Seamount Financial Group Inc. lifted its stake in Invesco Municipal Trust (NYSE:VKQ) by 1.6% in the fourth quarter, Holdings Channel.com reports. The fund owned 81,858 shares of the investment management company’s stock after purchasing an additional 1,287 shares during the period. Seamount Financial Group Inc.’s holdings in Invesco Municipal Trust were worth $803,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Community Bank N.A. grew its position in Invesco Municipal Trust by 100.0% in the third quarter. Community Bank N.A. now owns 4,000 shares of the investment management company’s stock worth $41,000 after acquiring an additional 2,000 shares in the last quarter. Private Advisor Group LLC purchased a new position in Invesco Municipal Trust during the 3rd quarter valued at about $108,000. Ackerman Capital Advisors LLC bought a new position in Invesco Municipal Trust in the 3rd quarter worth about $137,000. Sanctuary Advisors LLC bought a new position in Invesco Municipal Trust during the 2nd quarter valued at about $142,000. Finally, Kingswood Wealth Advisors LLC bought a new stake in shares of Invesco Municipal Trust in the fourth quarter worth $193,000. Institutional investors own 32.00% of the company’s stock.

Invesco Municipal Trust Trading Down 0.4 %

VKQ opened at $9.96 on Friday. The firm’s 50 day simple moving average is $9.86 and its two-hundred day simple moving average is $10.02. Invesco Municipal Trust has a 1-year low of $9.15 and a 1-year high of $10.47.

Invesco Municipal Trust Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Friday, February 28th. Stockholders of record on Tuesday, February 18th will be given a $0.0628 dividend. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $0.75 annualized dividend and a dividend yield of 7.57%.

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.