Bank of America Corp DE Purchases 120,024 Shares of Invesco Trust for Investment Grade Municipals (NYSE:VGM)

Bank of America Corp DE grew its holdings in Invesco Trust for Investment Grade Municipals (NYSE:VGM - Free Report) by 57.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 329,178 shares of the investment management company's stock after acquiring an additional 120,024 shares during the quarter. Bank of America Corp DE's holdings in Invesco Trust for Investment Grade Municipals were worth $3,325,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of VGM. Janney Montgomery Scott LLC bought a new stake in shares of Invesco Trust for Investment Grade Municipals in the fourth quarter valued at approximately $150,000. Capital Investment Advisory Services LLC boosted its position in shares of Invesco Trust for Investment Grade Municipals by 3.9% in the fourth quarter. Capital Investment Advisory Services LLC now owns 56,861 shares of the investment management company's stock valued at $574,000 after acquiring an additional 2,126 shares during the period. Absolute Investment Advisers LLC bought a new stake in shares of Invesco Trust for Investment Grade Municipals in the fourth quarter valued at approximately $1,091,000. Leo Wealth LLC boosted its position in shares of Invesco Trust for Investment Grade Municipals by 1.6% in the fourth quarter. Leo Wealth LLC now owns 221,650 shares of the investment management company's stock valued at $2,239,000 after acquiring an additional 3,527 shares during the period. Finally, Indiana Trust & Investment Management Co boosted its position in shares of Invesco Trust for Investment Grade Municipals by 1.9% in the fourth quarter. Indiana Trust & Investment Management Co now owns 175,690 shares of the investment management company's stock valued at $1,774,000 after acquiring an additional 3,198 shares during the period. 38.13% of the stock is owned by institutional investors.

Invesco Trust for Investment Grade Municipals Stock Down 0.5%

VGM stock traded down $0.05 during midday trading on Monday, hitting $9.62. The stock had a trading volume of 496,214 shares, compared to its average volume of 181,241. Invesco Trust for Investment Grade Municipals has a 52 week low of $9.28 and a 52 week high of $10.70. The stock has a 50-day simple moving average of $9.65 and a 200 day simple moving average of $9.97.

Invesco Trust for Investment Grade Municipals Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Friday, May 30th. Investors of record on Friday, May 16th were given a $0.0646 dividend. The ex-dividend date was Friday, May 16th. This represents a $0.78 annualized dividend and a yield of 8.06%.

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.