Wells Fargo & Company MN Has $2.26 Million Stake in Invesco Municipal Trust (NYSE:VKQ)

Wells Fargo & Company MN reduced its stake in Invesco Municipal Trust (NYSE:VKQ) by 13.0% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 230,232 shares of the investment management company’s stock after selling 34,376 shares during the quarter. Wells Fargo & Company MN’s holdings in Invesco Municipal Trust were worth $2,259,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the stock. Atlanta Consulting Group Advisors LLC bought a new position in shares of Invesco Municipal Trust in the fourth quarter valued at approximately $118,000. Landscape Capital Management L.L.C. acquired a new position in Invesco Municipal Trust in the 4th quarter valued at $150,000. Permanent Capital Management LP bought a new position in Invesco Municipal Trust in the 4th quarter worth $155,000. Kingswood Wealth Advisors LLC acquired a new position in Invesco Municipal Trust during the 4th quarter worth $193,000. Finally, Oppenheimer & Co. Inc. acquired a new position in Invesco Municipal Trust during the 4th quarter worth $310,000. Institutional investors own 32.00% of the company’s stock.

Invesco Municipal Trust Stock Up 0.2 %

Shares of NYSE:VKQ opened at $9.30 on Friday. Invesco Municipal Trust has a 52-week low of $8.86 and a 52-week high of $10.47. The stock’s 50-day moving average is $9.60 and its 200-day moving average is $9.82.

Invesco Municipal Trust Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 16th will be given a $0.0628 dividend. This represents a $0.75 annualized dividend and a yield of 8.10%. The ex-dividend date is Wednesday, April 16th.

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.