Invesco Municipal Trust (NYSE:VKQ) Stock Price Passes Below 200-Day Moving Average – Time to Sell?

Invesco Municipal Trust (NYSE:VKQ)’s share price passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $10.04 and traded as low as $9.61. Invesco Municipal Trust shares last traded at $9.64, with a volume of 120,467 shares.

Invesco Municipal Trust Stock Performance

The stock’s fifty day moving average is $9.93 and its 200-day moving average is $10.04.

Invesco Municipal Trust Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 17th will be given a dividend of $0.0628 per share. This represents a $0.75 dividend on an annualized basis and a dividend yield of 7.82%. The ex-dividend date of this dividend is Friday, January 17th.

Hedge Funds Weigh In On Invesco Municipal Trust

Institutional investors and hedge funds have recently modified their holdings of the business. Commonwealth Equity Services LLC raised its holdings in Invesco Municipal Trust by 36.7% during the 2nd quarter. Commonwealth Equity Services LLC now owns 156,701 shares of the investment management company’s stock worth $1,561,000 after buying an additional 42,096 shares during the period. Wealthspire Advisors LLC bought a new stake in shares of Invesco Municipal Trust during the second quarter worth $441,000. Quarry LP acquired a new stake in shares of Invesco Municipal Trust during the second quarter worth $324,000. Sanctuary Advisors LLC bought a new stake in Invesco Municipal Trust in the 2nd quarter valued at $142,000. Finally, Stratos Wealth Advisors LLC boosted its stake in Invesco Municipal Trust by 88.1% in the 3rd quarter. Stratos Wealth Advisors LLC now owns 207,716 shares of the investment management company’s stock worth $2,131,000 after purchasing an additional 97,273 shares during the period. 32.00% of the stock is currently owned by institutional investors and hedge funds.

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.