INV VK TR INV $VGM Shares Purchased by Absolute Investment Advisers LLC

Key Points

• Absolute Investment Advisers LLC increased its holdings in INV VK TR INV by 24.3%, owning 134,211 shares valued at approximately $1.27 million as of the latest SEC filing.
• INV VK TR INV has announced a monthly dividend of $0.0646, with a yield of 7.7%, to be paid on September 30th to shareholders of record on September 16th.
• The stock opened at $10.04, showing a 1-year range between $9.28 and $10.63, with a 50-day and 200-day moving average equal to $9.66.

Absolute Investment Advisers LLC increased its holdings in shares of INV VK TR INV (NYSE:VGM - Free Report) by 24.3% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 134,211 shares of the investment management company's stock after purchasing an additional 26,217 shares during the quarter. Absolute Investment Advisers LLC owned 0.25% of INV VK TR INV worth $1,274,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. Bessemer Group Inc. acquired a new stake in shares of INV VK TR INV in the first quarter worth $158,000. Bank of America Corp DE increased its holdings in 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 in the last quarter. LexAurum Advisors LLC acquired a new stake in shares of INV VK TR INV in the first quarter valued at about $1,132,000. Cambridge Investment Research Advisors Inc. grew its stake in shares of INV VK TR INV by 6.8% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 32,548 shares of the investment management company's stock valued at $324,000 after buying an additional 2,059 shares in the last quarter. Finally, Nuveen Asset Management LLC grew its stake in shares of INV VK TR INV by 159.5% in the fourth quarter. Nuveen Asset Management LLC now owns 35,973 shares of the investment management company's stock valued at $363,000 after buying an additional 22,109 shares in the last quarter. Institutional investors and hedge funds own 38.13% of the company's stock.

INV VK TR INV Trading Down 0.4%

VGM stock opened at $10.04 on Thursday. INV VK TR INV has a 1 year low of $9.28 and a 1 year high of $10.63. The stock has a 50-day simple moving average of $9.66 and a 200-day simple moving average of $9.66.

INV VK TR INV Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 16th will be given a $0.0646 dividend. The ex-dividend date of this dividend is Tuesday, September 16th. This represents a c) annualized dividend and a yield of 7.7%.

INV VK TR INV Company 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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