PNC Financial Services Group Inc. Grows Stake in Inv Vk Mun Tr (NYSE:VKQ)

PNC Financial Services Group Inc. increased its stake in Inv Vk Mun Tr (NYSE:VKQ) by 64.1% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 69,790 shares of the investment management company’s stock after purchasing an additional 27,264 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Inv Vk Mun Tr were worth $673,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of VKQ. Bank of Montreal Can raised its holdings in Inv Vk Mun Tr by 3.7% during the fourth quarter. Bank of Montreal Can now owns 40,107 shares of the investment management company’s stock valued at $393,000 after acquiring an additional 1,436 shares during the period. Invesco Ltd. boosted its position in shares of Inv Vk Mun Tr by 150.3% during the fourth quarter. Invesco Ltd. now owns 102,992 shares of the investment management company’s stock valued at $1,010,000 after buying an additional 61,839 shares during the period. Raymond James Financial Inc. bought a new stake in shares of Inv Vk Mun Tr during the fourth quarter valued at approximately $1,045,000. XTX Topco Ltd bought a new stake in shares of Inv Vk Mun Tr during the fourth quarter valued at approximately $176,000. Finally, Guggenheim Capital LLC raised its stake in Inv Vk Mun Tr by 22.5% in the fourth quarter. Guggenheim Capital LLC now owns 1,067,087 shares of the investment management company’s stock worth $10,468,000 after buying an additional 196,259 shares in the last quarter. 32.00% of the stock is owned by institutional investors.

Insider Buying and Selling at Inv Vk Mun Tr

In related news, Portfolio Manager Timothy M. O’reilly acquired 5,400 shares of the company’s stock in a transaction dated Tuesday, June 3rd. The shares were purchased at an average cost of $9.19 per share, with a total value of $49,626.00. Following the completion of the acquisition, the portfolio manager directly owned 5,400 shares of the company’s stock, valued at $49,626. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 5.37% of the stock is owned by company insiders.

Inv Vk Mun Tr Price Performance

Shares of NYSE:VKQ opened at $9.21 on Wednesday. The firm has a 50 day moving average of $9.12 and a 200 day moving average of $9.42. Inv Vk Mun Tr has a 52 week low of $8.86 and a 52 week high of $10.47.

Inv Vk Mun Tr Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, August 29th. Stockholders of record on Monday, August 18th will be issued a dividend of $0.0628 per share. The ex-dividend date of this dividend is Monday, August 18th. This represents a c) dividend on an annualized basis and a dividend yield of 8.2%.

Inv Vk Mun Tr 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.