INV VK TR INV $VGM Shares Purchased by Advisors Asset Management Inc.

Key Points

• Advisors Asset Management Inc. raised its holdings in INV VK TR INV by 40.8%, owning 208,615 shares worth approximately $2.08 million after purchasing an additional 60,405 shares in the first quarter.
• The company announced a monthly dividend of $0.0646 per share with an annualized yield of 8.0%, payable on September 30th.
• Shares of INV VK TR INV opened at $9.72, with a 52-week trading range between $9.28 and $10.70.

Advisors Asset Management Inc. boosted its stake in shares of INV VK TR INV (NYSE:VGM - Free Report) by 40.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 208,615 shares of the investment management company's stock after buying an additional 60,405 shares during the quarter. Advisors Asset Management Inc. owned 0.38% of INV VK TR INV worth $2,078,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Calton & Associates Inc. purchased a new position in INV VK TR INV during the first quarter worth about $132,000. Nomura Holdings Inc. purchased a new position in shares of INV VK TR INV in the fourth quarter valued at approximately $141,000. AlphaCore Capital LLC acquired a new position in shares of INV VK TR INV in the first quarter valued at approximately $157,000. Bessemer Group Inc. acquired a new position in shares of INV VK TR INV in the first quarter valued at approximately $158,000. Finally, Nuveen LLC acquired a new position in shares of INV VK TR INV in the first quarter valued at approximately $186,000. Hedge funds and other institutional investors own 38.13% of the company's stock.

INV VK TR INV Trading Up 0.2%

Shares of VGM stock traded up $0.02 during trading on Friday, reaching $10.03. The company's stock had a trading volume of 59,692 shares, compared to its average volume of 221,635. The stock's 50-day moving average price is $9.58 and its 200 day moving average price is $9.67. INV VK TR INV has a 1-year low of $9.28 and a 1-year high of $10.70.

INV VK TR INV Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, September 30th. Investors of record on Tuesday, September 16th will be issued a $0.0646 dividend. The ex-dividend date is Tuesday, September 16th. This represents a c) dividend on an annualized basis and a dividend yield of 7.7%.

INV VK TR INV 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.