INV VK TR INV $VGM Shares Acquired 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. increased its position in INV VK TR INV (NYSE:VGM - Free Report) by 40.8% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 208,615 shares of the investment management company's stock after purchasing an additional 60,405 shares during the period. Advisors Asset Management Inc. owned 0.38% of INV VK TR INV worth $2,078,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of VGM. Pathstone Holdings LLC grew its stake in INV VK TR INV by 45.6% in the fourth quarter. Pathstone Holdings LLC now owns 1,112,444 shares of the investment management company's stock worth $11,247,000 after purchasing an additional 348,153 shares in the last quarter. Bank of America Corp DE raised its position in shares of INV VK TR INV by 57.4% during the 4th quarter. Bank of America Corp DE now owns 329,178 shares of the investment management company's stock worth $3,325,000 after purchasing an additional 120,024 shares during the period. LexAurum Advisors LLC acquired a new stake in shares of INV VK TR INV during the 1st quarter worth approximately $1,132,000. LPL Financial LLC raised its position in shares of INV VK TR INV by 27.1% during the 1st quarter. LPL Financial LLC now owns 459,388 shares of the investment management company's stock worth $4,576,000 after purchasing an additional 97,916 shares during the period. Finally, PNC Financial Services Group Inc. raised its position in shares of INV VK TR INV by 285.0% during the 1st quarter. PNC Financial Services Group Inc. now owns 84,821 shares of the investment management company's stock worth $845,000 after purchasing an additional 62,788 shares during the period. 38.13% of the stock is currently owned by institutional investors and hedge funds.

INV VK TR INV Stock Up 1.2%

Shares of INV VK TR INV stock traded up $0.12 on Wednesday, reaching $9.96. 223,211 shares of the company were exchanged, compared to its average volume of 222,715. The company's 50-day moving average is $9.57 and its two-hundred day moving average 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 Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 16th will be given a dividend of $0.0646 per share. This represents a c) dividend on an annualized basis and a dividend yield of 7.8%. The ex-dividend date is Tuesday, September 16th.

About INV VK TR INV

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.