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NYSE:VGM

Invesco Trust for Investment Grade Municipals (VGM) Stock Price, News & Analysis

$10.03
-0.07 (-0.69%)
(As of 05/28/2024 ET)
Today's Range
$10.00
$10.20
50-Day Range
$9.50
$10.10
52-Week Range
$8.15
$10.20
Volume
223,196 shs
Average Volume
149,860 shs
Market Capitalization
$547.74 million
P/E Ratio
N/A
Dividend Yield
4.29%
Price Target
N/A
VGM stock logo

About Invesco Trust for Investment Grade Municipals Stock (NYSE:VGM)

Invesco Trust for Investment Grade Municipals 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 Canada Ltd., Invesco Hong Kong Limited, and INVESCO Senior Secured Management, Inc. It invests in the fixed income markets of the United States. The fund primarily invests in investment grade municipal securities which include municipal bonds, municipal notes, municipal commercial paper, and lease obligations. It employs fundamental analysis with bottom-up security selection approach to create its portfolio. The fund was formerly known as Invesco Van Kampen Trust for Investment Grade Municipals. Invesco Trust for Investment Grade Municipals was formed on January 24, 1992 and is domiciled in the United States.

VGM Stock Price History

VGM Stock News Headlines

Invesco Trust for Investment Grade Municipals (XVGMX)
Invesco Select Trust Plc - Result of Meeting
Invesco Trust: Dividend Insights
Ex-Dividend Date Insight: Invesco Trust
See More Headlines
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Company Calendar

Ex-Dividend for 5/31 Dividend
5/15/2024
Today
5/28/2024
Dividend Payable
5/31/2024
Ex-Dividend for 6/28 Dividend
6/18/2024
Dividend Payable
6/28/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
Investment offices, not elsewhere classified
Sub-Industry
N/A
Fax
N/A
Employees
147,000
Year Founded
N/A

Profitability

Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
$47.61 million

Miscellaneous

Free Float
N/A
Market Cap
$547.74 million
Optionable
Not Optionable
Beta
0.51
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Key Executives

  • Mr. Colin D. Meadows (Age 53)
    Chief Executive Officer and President
  • Ms. Sheri Steward Morris (Age 60)
    Principal Financial Officer, Vice President and Treasurer
  • Mr. Jeffrey Howard Kupor J.D. (Age 55)
    Senior Vice President, Chief Legal Officer and Secretary
  • Mr. John Mark Zerr (Age 62)
    Chief Legal Officer, Senior Vice President and Secretary
  • Mr. John Schorle
    Portfolio Manager
  • Mr. Robert J. Stryker CFA
    Portfolio Manager
  • Mr. James D. Phillips
    Portfolio Manager
  • Mr. Julius D. Williams
    Portfolio Manager
  • Mr. Mark E. Paris
    Portfolio Manager
  • Mr. John Connelly
    Portfolio Manager

VGM Stock Analysis - Frequently Asked Questions

How have VGM shares performed in 2024?

Invesco Trust for Investment Grade Municipals' stock was trading at $9.89 on January 1st, 2024. Since then, VGM shares have increased by 1.4% and is now trading at $10.03.
View the best growth stocks for 2024 here
.

Are investors shorting Invesco Trust for Investment Grade Municipals?

Invesco Trust for Investment Grade Municipals saw a increase in short interest in the month of May. As of May 15th, there was short interest totaling 42,400 shares, an increase of 100.9% from the April 30th total of 21,100 shares. Based on an average daily volume of 124,700 shares, the days-to-cover ratio is currently 0.3 days.
View Invesco Trust for Investment Grade Municipals' Short Interest
.

How often does Invesco Trust for Investment Grade Municipals pay dividends? What is the dividend yield for Invesco Trust for Investment Grade Municipals?

Invesco Trust for Investment Grade Municipals declared a monthly dividend on Thursday, May 23rd. Investors of record on Tuesday, June 18th will be given a dividend of $0.0646 per share on Friday, June 28th. This represents a $0.78 annualized dividend and a dividend yield of 7.73%. The ex-dividend date is Tuesday, June 18th. This is an increase from the stock's previous monthly dividend of $0.04.
Read our dividend analysis for VGM
.

Is Invesco Trust for Investment Grade Municipals a good dividend stock?

Invesco Trust for Investment Grade Municipals (NYSE:VGM) pays an annual dividend of $0.43 per share and currently has a dividend yield of 4.30%. VGM has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer.
Read our dividend analysis for VGM.

What ETFs hold Invesco Trust for Investment Grade Municipals' stock?

ETFs with the largest weight of Invesco Trust for Investment Grade Municipals (NYSE:VGM) stock in their portfolio include VanEck CEF Municipal Income ETF (XMPT).Saba Closed-End Funds ETF (CEFS).

What other stocks do shareholders of Invesco Trust for Investment Grade Municipals own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Invesco Trust for Investment Grade Municipals investors own include AT&T (T), Consolidated Edison (ED), Enterprise Products Partners (EPD), Pfizer (PFE), Southern (SO), Verizon Communications (VZ), Exxon Mobil (XOM), AbbVie (ABBV), ClearBridge MLP and Midstream Fund (CEM) and Duff & Phelps Utility and Infrastructure Fund (DPG).

Who are Invesco Trust for Investment Grade Municipals' major shareholders?

Invesco Trust for Investment Grade Municipals' stock is owned by many different institutional and retail investors. Top institutional shareholders include Karpus Management Inc. (0.00%), Robinson Capital Management LLC (0.00%), Van ECK Associates Corp (0.79%), Allspring Global Investments Holdings LLC (0.45%), Leo Wealth LLC (0.00%) and Claro Advisors LLC (0.17%).
View institutional ownership trends
.

How do I buy shares of Invesco Trust for Investment Grade Municipals?

Shares of VGM stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:VGM) was last updated on 5/29/2024 by MarketBeat.com Staff

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