Raymond James Financial Inc. Acquires New Stake in Invesco Trust for Investment Grade Municipals (NYSE:VGM)

Raymond James Financial Inc. acquired a new position in Invesco Trust for Investment Grade Municipals (NYSE:VGM - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 208,943 shares of the investment management company's stock, valued at approximately $2,110,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Robinson Capital Management LLC increased its stake in Invesco Trust for Investment Grade Municipals by 44.5% in the 4th quarter. Robinson Capital Management LLC now owns 1,381,874 shares of the investment management company's stock worth $13,957,000 after purchasing an additional 425,602 shares during the period. Van ECK Associates Corp increased its stake in shares of Invesco Trust for Investment Grade Municipals by 3.1% in the fourth quarter. Van ECK Associates Corp now owns 406,392 shares of the investment management company's stock worth $4,105,000 after buying an additional 12,316 shares during the period. LPL Financial LLC raised its holdings in Invesco Trust for Investment Grade Municipals by 143.4% during the 4th quarter. LPL Financial LLC now owns 361,472 shares of the investment management company's stock valued at $3,651,000 after buying an additional 212,940 shares during the last quarter. Leo Wealth LLC boosted its position in Invesco Trust for Investment Grade Municipals by 1.6% during the 4th quarter. Leo Wealth LLC now owns 221,650 shares of the investment management company's stock valued at $2,239,000 after buying an additional 3,527 shares during the period. Finally, Indiana Trust & Investment Management Co grew its holdings in Invesco Trust for Investment Grade Municipals by 1.9% in the 4th quarter. Indiana Trust & Investment Management Co now owns 175,690 shares of the investment management company's stock worth $1,774,000 after acquiring an additional 3,198 shares during the last quarter. Institutional investors own 38.13% of the company's stock.

Invesco Trust for Investment Grade Municipals Stock Performance

Shares of NYSE:VGM traded up $0.01 during midday trading on Tuesday, hitting $9.66. 261,742 shares of the stock traded hands, compared to its average volume of 162,425. Invesco Trust for Investment Grade Municipals has a one year low of $9.28 and a one year high of $10.70. The business's 50 day moving average is $9.83 and its two-hundred day moving average is $10.05.

Invesco Trust for Investment Grade Municipals Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, May 30th. Investors of record on Friday, May 16th will be paid a $0.0646 dividend. The ex-dividend date is Friday, May 16th. This represents a $0.78 annualized dividend and a yield of 8.02%.

Invesco Trust for Investment Grade Municipals Profile

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.