Kennedy Investment Group Decreases Holdings in Inv Vk Tr Inv (NYSE:VGM)

Kennedy Investment Group decreased its position in shares of Inv Vk Tr Inv (NYSE:VGM - Free Report) by 14.6% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 229,135 shares of the investment management company's stock after selling 39,106 shares during the period. Inv Vk Tr Inv accounts for 1.1% of Kennedy Investment Group's holdings, making the stock its 22nd biggest position. Kennedy Investment Group's holdings in Inv Vk Tr Inv were worth $2,282,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Bank of America Corp DE raised its stake in Inv Vk Tr Inv by 57.4% in the fourth quarter. Bank of America Corp DE now owns 329,178 shares of the investment management company's stock valued at $3,325,000 after buying an additional 120,024 shares during the last quarter. Pathstone Holdings LLC raised its position 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 position in shares of Inv Vk Tr Inv in the 1st quarter valued at approximately $1,132,000. Nuveen Asset Management LLC raised its position 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. Finally, Cetera Investment Advisers raised its holdings in shares of Inv Vk Tr Inv by 24.4% in the fourth quarter. Cetera Investment Advisers now owns 21,177 shares of the investment management company's stock worth $214,000 after buying an additional 4,154 shares during the last quarter. Hedge funds and other institutional investors own 38.13% of the company's stock.

Inv Vk Tr Inv Price Performance

Shares of Inv Vk Tr Inv stock opened at $9.41 on Friday. The firm has a fifty day moving average price of $9.57 and a 200 day moving average price of $9.89. Inv Vk Tr Inv has a 1 year low of $9.28 and a 1 year high of $10.70.

Inv Vk Tr Inv Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, June 30th. Investors of record on Tuesday, June 17th will be paid a $0.0646 dividend. The ex-dividend date is Tuesday, June 17th. This represents a $0.78 annualized dividend and a dividend yield of 8.24%.

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.

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