Allspring Global Investments Holdings LLC Lowers Stock Position in Inv Vk Tr Inv $VGM

Key Points

• Allspring Global Investments cut its stake in Inv Vk Tr Inv by 52.6% in Q4, selling 155,584 shares and retaining 140,277 shares (about 0.26% of the fund) valued at $1.455 million.
• The fund declared a monthly dividend of $0.0646 payable April 30 (record April 14), which corresponds to an annualized payout and a 7.5% yield.
• VGM shares trade near $10.28 (12‑month range $9.32–$10.66), and institutional investors hold roughly 38.13% of the fund.

Allspring Global Investments Holdings LLC lessened its position in shares of Inv Vk Tr Inv (NYSE:VGM - Free Report) by 52.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 140,277 shares of the investment management company's stock after selling 155,584 shares during the quarter. Allspring Global Investments Holdings LLC owned about 0.26% of Inv Vk Tr Inv worth $1,455,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the company. Prospera Financial Services Inc raised its stake in shares of Inv Vk Tr Inv by 4.4% during the 3rd quarter. Prospera Financial Services Inc now owns 29,606 shares of the investment management company's stock worth $300,000 after acquiring an additional 1,250 shares in the last quarter. Capital Investment Advisors LLC increased its stake in Inv Vk Tr Inv by 11.5% during the 3rd quarter. Capital Investment Advisors LLC now owns 14,555 shares of the investment management company's stock valued at $147,000 after purchasing an additional 1,500 shares in the last quarter. Capital Investment Advisory Services LLC increased its stake in Inv Vk Tr Inv by 3.0% during the 3rd quarter. Capital Investment Advisory Services LLC now owns 63,048 shares of the investment management company's stock valued at $638,000 after purchasing an additional 1,830 shares in the last quarter. Concurrent Investment Advisors LLC increased its stake in Inv Vk Tr Inv by 24.3% during the 3rd quarter. Concurrent Investment Advisors LLC now owns 12,805 shares of the investment management company's stock valued at $130,000 after purchasing an additional 2,500 shares in the last quarter. Finally, First Trust Advisors LP increased its stake in Inv Vk Tr Inv by 19.5% during the 2nd quarter. First Trust Advisors LP now owns 18,292 shares of the investment management company's stock valued at $174,000 after purchasing an additional 2,987 shares in the last quarter. Institutional investors own 38.13% of the company's stock.

Inv Vk Tr Inv Stock Performance

Shares of Inv Vk Tr Inv stock opened at $10.28 on Friday. Inv Vk Tr Inv has a 12-month low of $9.32 and a 12-month high of $10.66. The firm's 50 day simple moving average is $10.28 and its two-hundred day simple moving average is $10.25.

Inv Vk Tr Inv Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, April 30th. Stockholders of record on Tuesday, April 14th will be issued a $0.0646 dividend. This represents a c) annualized dividend and a dividend yield of 7.5%. The ex-dividend date of this dividend is Tuesday, April 14th.

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. The fund primarily invests in investment grade municipal securities which include municipal bonds, municipal notes, municipal commercial paper, and lease obligations.

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