VGM vs. VFL, AWF, ASA, DSM, LEO, EVN, FT, INSI, VCV, and VMO
Should you be buying Invesco Trust for Investment Grade Municipals stock or one of its competitors? The main competitors of Invesco Trust for Investment Grade Municipals include abrdn National Municipal Income Fund (VFL), AllianceBernstein Global High Income Fund (AWF), ASA Gold and Precious Metals (ASA), BNY Mellon Strategic Municipal Bond Fund (DSM), BNY Mellon Strategic Municipals (LEO), Eaton Vance Municipal Income Trust (EVN), Franklin Universal Trust (FT), Insight Select Income Fund (INSI), Invesco California Value Municipal Income Trust (VCV), and Invesco Municipal Opportunity Trust (VMO). These companies are all part of the "investment offices, not elsewhere classified" industry.
abrdn National Municipal Income Fund (NYSE:VFL) and Invesco Trust for Investment Grade Municipals (NYSE:VGM) are both finance companies, but which is the superior investment? We will compare the two businesses based on the strength of their institutional ownership, valuation, risk, earnings, media sentiment, dividends, profitability, community ranking and analyst recommendations.
abrdn National Municipal Income Fund has a beta of 0.59, indicating that its stock price is 41% less volatile than the S&P 500. Comparatively, Invesco Trust for Investment Grade Municipals has a beta of 0.54, indicating that its stock price is 46% less volatile than the S&P 500.
38.1% of Invesco Trust for Investment Grade Municipals shares are owned by institutional investors. 1.0% of abrdn National Municipal Income Fund shares are owned by company insiders. Comparatively, 1.0% of Invesco Trust for Investment Grade Municipals shares are owned by company insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a stock is poised for long-term growth.
abrdn National Municipal Income Fund pays an annual dividend of $0.43 per share and has a dividend yield of 4.2%. Invesco Trust for Investment Grade Municipals pays an annual dividend of $0.43 per share and has a dividend yield of 4.3%. abrdn National Municipal Income Fund has increased its dividend for 1 consecutive years and Invesco Trust for Investment Grade Municipals has increased its dividend for 1 consecutive years.
In the previous week, Invesco Trust for Investment Grade Municipals' average media sentiment score of 0.00 equaled abrdn National Municipal Income Fund'saverage media sentiment score.
Invesco Trust for Investment Grade Municipals received 168 more outperform votes than abrdn National Municipal Income Fund when rated by MarketBeat users.
Summary
Invesco Trust for Investment Grade Municipals beats abrdn National Municipal Income Fund on 3 of the 4 factors compared between the two stocks.
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This chart shows the number of new MarketBeat users adding VGM and its top 5 competitors to their watchlist. Each company is represented with a line over a 90 day period.
This chart shows the average media sentiment of NYSE and its competitors over the past 90 days as caculated by MarketBeat. The averaged score is equivalent to the following: Very Negative Sentiment <= -1.5, Negative Sentiment > -1.5 and <= -0.5, Neutral Sentiment > -0.5 and < 0.5, Positive Sentiment >= 0.5 and < 1.5, and Very Positive Sentiment >= 1.5.
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