INV VK TR INV (NYSE:VGM) Shares Bought by PNC Financial Services Group Inc.

Key Points

• PNC Financial Services Group Inc. increased its stake in INV VK TR INV by 285.0% in Q1, owning 84,821 shares valued at approximately $845,000.
• The company announced a monthly dividend of $0.0646 per share, reflecting an annualized yield of 8.0%, payable on August 29th.
• As of now, institutional investors and hedge funds own 38.13% of the stock, indicating growing interest from large financial players.

PNC Financial Services Group Inc. raised its position in INV VK TR INV (NYSE:VGM - Free Report) by 285.0% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 84,821 shares of the investment management company's stock after buying an additional 62,788 shares during the quarter. PNC Financial Services Group Inc. owned about 0.16% of INV VK TR INV worth $845,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of VGM. Pathstone Holdings LLC increased its stake in INV VK TR INV by 45.6% in the 4th quarter. Pathstone Holdings LLC now owns 1,112,444 shares of the investment management company's stock valued at $11,247,000 after buying an additional 348,153 shares during the period. Raymond James Financial Inc. purchased a new stake in shares of INV VK TR INV during the 4th quarter worth $2,110,000. Guggenheim Capital LLC boosted its position in shares of INV VK TR INV by 36.2% during the 4th quarter. Guggenheim Capital LLC now owns 729,804 shares of the investment management company's stock worth $7,371,000 after purchasing an additional 193,954 shares in the last quarter. Bank of America Corp DE boosted 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 in the last quarter. Finally, LexAurum Advisors LLC purchased a new stake in shares of INV VK TR INV during the 1st quarter worth $1,132,000. 38.13% of the stock is owned by institutional investors and hedge funds.

INV VK TR INV Stock Performance

Shares of NYSE VGM opened at $9.66 on Tuesday. INV VK TR INV has a one year low of $9.28 and a one year high of $10.70. The company's fifty day moving average is $9.52 and its two-hundred day moving average is $9.75.

INV VK TR INV Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, August 29th. Shareholders of record on Monday, August 18th will be given a dividend of $0.0646 per share. This represents a c) annualized dividend and a dividend yield of 8.0%. The ex-dividend date is Monday, August 18th.

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.

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