Inv Vk Tr Inv (NYSE:VGM) Shares Sold by Fiera Capital Corp

Key Points

• Fiera Capital Corp reduced its stake in Inv Vk Tr Inv (NYSE:VGM) by 6.1%, owning 518,847 shares worth approximately $5.17 million post-sale.
• The monthly dividend of $0.0646 per share will be distributed on July 31st, providing an annualized yield of 8.26% for shareholders.
• Institutional investors and hedge funds collectively own 38.13% of Inv Vk Tr Inv, reflecting ongoing interest in the company's stock.

Fiera Capital Corp trimmed its stake in shares of Inv Vk Tr Inv (NYSE:VGM - Free Report) by 6.1% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 518,847 shares of the investment management company's stock after selling 33,960 shares during the quarter. Fiera Capital Corp owned 0.96% of Inv Vk Tr Inv worth $5,168,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the business. Bessemer Group Inc. purchased a new stake in shares of Inv Vk Tr Inv in the 1st quarter valued at about $158,000. Bank of America Corp DE lifted its holdings in shares of Inv Vk Tr Inv by 57.4% in the 4th quarter. Bank of America Corp DE now owns 329,178 shares of the investment management company's stock valued at $3,325,000 after purchasing an additional 120,024 shares during the last quarter. Pathstone Holdings LLC lifted its holdings in shares of 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 purchasing an additional 348,153 shares during the last quarter. LexAurum Advisors LLC purchased a new stake in shares of Inv Vk Tr Inv in the 1st quarter valued at about $1,132,000. Finally, Nuveen Asset Management LLC lifted its holdings in shares of Inv Vk Tr Inv by 159.5% in the 4th quarter. Nuveen Asset Management LLC now owns 35,973 shares of the investment management company's stock valued at $363,000 after purchasing an additional 22,109 shares during the last quarter. 38.13% of the stock is owned by hedge funds and other institutional investors.

Inv Vk Tr Inv Stock Up 0.8%

Shares of Inv Vk Tr Inv stock traded up $0.08 on Friday, hitting $9.54. The stock had a trading volume of 298,044 shares, compared to its average volume of 211,889. The company's 50 day moving average price is $9.52 and its 200 day moving average price is $9.77. Inv Vk Tr Inv has a 52-week low of $9.28 and a 52-week high of $10.70.

Inv Vk Tr Inv Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Thursday, July 31st. Shareholders of record on Wednesday, July 16th were paid a dividend of $0.0646 per share. The ex-dividend date of this dividend was Wednesday, July 16th. This represents a c) annualized dividend and a yield of 8.1%.

About Inv Vk Tr Inv

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.