HighTower Advisors LLC Purchases New Shares in Invesco Municipal Trust (NYSE:VKQ)

HighTower Advisors LLC acquired a new stake in shares of Invesco Municipal Trust (NYSE:VKQ) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 41,222 shares of the investment management company’s stock, valued at approximately $429,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Commonwealth Equity Services LLC raised its stake in shares of Invesco Municipal Trust by 36.7% in the second quarter. Commonwealth Equity Services LLC now owns 156,701 shares of the investment management company’s stock valued at $1,561,000 after acquiring an additional 42,096 shares during the period. Rothschild Investment LLC bought a new position in Invesco Municipal Trust during the 2nd quarter valued at about $911,000. Wealth Alliance Advisory Group LLC raised its position in Invesco Municipal Trust by 3.3% in the 2nd quarter. Wealth Alliance Advisory Group LLC now owns 57,109 shares of the investment management company’s stock worth $569,000 after purchasing an additional 1,803 shares during the period. Wealthspire Advisors LLC purchased a new stake in Invesco Municipal Trust in the 2nd quarter worth about $441,000. Finally, Quarry LP bought a new stake in Invesco Municipal Trust in the second quarter worth about $324,000. 32.00% of the stock is owned by hedge funds and other institutional investors.

Invesco Municipal Trust Stock Down 0.7 %

Shares of Invesco Municipal Trust stock opened at $9.55 on Friday. Invesco Municipal Trust has a 52 week low of $9.15 and a 52 week high of $10.47. The stock’s fifty day moving average is $10.04 and its two-hundred day moving average is $10.07.

Invesco Municipal Trust Announces Dividend

The firm also recently announced a dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 17th will be issued a dividend of $0.0628 per share. The ex-dividend date is Tuesday, December 17th.

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.