PNC Financial Services Group Inc. increased its position in INV VK TR INV (NYSE:VGM - Free Report) by 285.0% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 84,821 shares of the investment management company's stock after purchasing an additional 62,788 shares during the period. PNC Financial Services Group Inc. owned 0.16% of INV VK TR INV worth $845,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also made changes to their positions in the company. Bank of Montreal Can increased its position in INV VK TR INV by 4.0% in the 4th quarter. Bank of Montreal Can now owns 39,005 shares of the investment management company's stock valued at $394,000 after acquiring an additional 1,504 shares during the period. Invesco Ltd. increased its position in INV VK TR INV by 55.4% in the 4th quarter. Invesco Ltd. now owns 140,922 shares of the investment management company's stock valued at $1,423,000 after acquiring an additional 50,212 shares during the period. Raymond James Financial Inc. acquired a new position in INV VK TR INV in the 4th quarter valued at about $2,110,000. Cohen & Steers Inc. increased its position in INV VK TR INV by 20.0% in the 4th quarter. Cohen & Steers Inc. now owns 30,000 shares of the investment management company's stock valued at $303,000 after acquiring an additional 5,000 shares during the period. Finally, XTX Topco Ltd acquired a new position in INV VK TR INV in the 4th quarter valued at about $172,000. 38.13% of the stock is owned by hedge funds and other institutional investors.
INV VK TR INV Stock Performance
VGM stock traded up $0.01 during trading on Friday, hitting $9.68. The company had a trading volume of 126,925 shares, compared to its average volume of 219,801. INV VK TR INV has a 1-year low of $9.28 and a 1-year high of $10.70. The firm has a 50-day moving average price of $9.53 and a 200-day moving average price of $9.74.
INV VK TR INV Announces Dividend
The firm 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. The ex-dividend date is Monday, August 18th. This represents a c) annualized dividend and a yield of 8.0%.
About INV VK TR INV
(
Free Report)
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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