Gridiron Partners LLC Cuts Stake in Inv Vk Tr Inv $VGM

Key Points

• Gridiron Partners LLC cut its stake in Inv Vk Tr Inv (NYSE:VGM) by 91.3% in Q4, selling 1,572,747 shares and keeping 149,983 shares (about 0.28% of the company); VGM represents 0.9% of Gridiron’s portfolio and was its 20th-largest holding.
• Inv Vk Tr Inv declared a monthly dividend of $0.0646 per share (ex-dividend and record date: March 16), payable March 31, representing an annualized yield of approximately 7.7%.
• Shares opened at $10.01 and were down 2.3%, trading below the 50-day ($10.40) and 200-day ($10.25) moving averages; the 12-month range is $9.28–$10.66, and about 38.1% of the stock is held by hedge funds and other institutional investors.

Gridiron Partners LLC cut its stake in Inv Vk Tr Inv (NYSE:VGM - Free Report) by 91.3% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 149,983 shares of the investment management company's stock after selling 1,572,747 shares during the period. Inv Vk Tr Inv makes up 0.9% of Gridiron Partners LLC's investment portfolio, making the stock its 20th largest position. Gridiron Partners LLC owned about 0.28% of Inv Vk Tr Inv worth $1,555,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of VGM. Prospera Financial Services Inc raised its stake in Inv Vk Tr Inv by 4.4% during the third quarter. Prospera Financial Services Inc now owns 29,606 shares of the investment management company's stock worth $300,000 after purchasing an additional 1,250 shares during the period. Capital Investment Advisors LLC boosted its holdings in shares of Inv Vk Tr Inv by 11.5% in 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 during the last quarter. Capital Investment Advisory Services LLC grew its stake in shares of 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 buying an additional 1,830 shares during the period. WealthBridge Capital Management LLC grew its stake in shares of Inv Vk Tr Inv by 12.5% during the 2nd quarter. WealthBridge Capital Management LLC now owns 22,500 shares of the investment management company's stock valued at $214,000 after buying an additional 2,500 shares during the period. Finally, Concurrent Investment Advisors LLC increased its holdings in shares of 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 worth $130,000 after buying an additional 2,500 shares during the last quarter. 38.13% of the stock is currently owned by hedge funds and other institutional investors.

Inv Vk Tr Inv Stock Down 2.3%

Shares of VGM opened at $10.01 on Friday. The stock's fifty day simple moving average is $10.40 and its 200 day simple moving average is $10.25. Inv Vk Tr Inv has a twelve month low of $9.28 and a twelve month high of $10.66.

Inv Vk Tr Inv Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Monday, March 16th will be paid a dividend of $0.0646 per share. The ex-dividend date is Monday, March 16th. This represents a c) annualized dividend and a 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. 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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