Burford Brothers Inc. Makes New Investment in Inv Vk Tr Inv $VGM

Key Points

• Burford Brothers Inc. has made a new investment in Inv Vk Tr Inv (NYSE:VGM), acquiring 27,625 shares valued at approximately $262,000 during the 2nd quarter.
• Inv Vk Tr Inv announced a monthly dividend of $0.0646 per share, with a yield of 7.7%, to be paid on October 31st.
• The stock's current price is $10.04, with a one-year range between $9.28 and $10.54, reflecting its recent performance trend.

Burford Brothers Inc. purchased a new position in Inv Vk Tr Inv (NYSE:VGM - Free Report) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 27,625 shares of the investment management company's stock, valued at approximately $262,000. Burford Brothers Inc. owned approximately 0.05% of Inv Vk Tr Inv at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. WMG Financial Advisors LLC acquired a new stake in Inv Vk Tr Inv during the 2nd quarter worth about $104,000. Calton & Associates Inc. acquired a new stake in Inv Vk Tr Inv during the 1st quarter worth about $132,000. AlphaCore Capital LLC acquired a new stake in Inv Vk Tr Inv during the 1st quarter worth about $157,000. Bessemer Group Inc. acquired a new stake in Inv Vk Tr Inv during the 1st quarter worth about $158,000. Finally, Nuveen LLC acquired a new stake in Inv Vk Tr Inv during the 1st quarter worth about $186,000. 38.13% of the stock is currently owned by institutional investors.

Inv Vk Tr Inv Stock Performance

NYSE VGM opened at $10.04 on Friday. The stock's 50-day moving average price is $9.87 and its two-hundred 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 $10.54.

Inv Vk Tr Inv Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, October 31st. Shareholders of record on Thursday, October 16th will be issued a dividend of $0.0646 per share. This represents a c) annualized dividend and a yield of 7.7%. The ex-dividend date is Thursday, October 16th.

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.

Want to see what other hedge funds are holding VGM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Inv Vk Tr Inv (NYSE:VGM - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.