Kennedy Investment Group decreased its stake in INV VK TR INV (NYSE:VGM - Free Report) by 14.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). 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 comprises about 1.1% of Kennedy Investment Group's holdings, making the stock its 22nd largest holding. Kennedy Investment Group's holdings in INV VK TR INV were worth $2,282,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds have also recently added to or reduced their stakes in VGM. Pathstone Holdings LLC grew its holdings in INV VK TR INV by 45.6% during the 4th quarter. Pathstone Holdings LLC now owns 1,112,444 shares of the investment management company's stock worth $11,247,000 after acquiring an additional 348,153 shares during the last quarter. LPL Financial LLC raised its stake in INV VK TR INV by 143.4% during the 4th quarter. LPL Financial LLC now owns 361,472 shares of the investment management company's stock worth $3,651,000 after buying an additional 212,940 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of INV VK TR INV in the 4th quarter worth about $2,110,000. Guggenheim Capital LLC grew its stake in shares of INV VK TR INV by 36.2% in the 4th quarter. Guggenheim Capital LLC now owns 729,804 shares of the investment management company's stock worth $7,371,000 after acquiring an additional 193,954 shares in the last quarter. Finally, Bank of America Corp DE increased its position in shares of INV VK TR INV by 57.4% during 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 acquiring an additional 120,024 shares during the last quarter. Institutional investors and hedge funds own 38.13% of the company's stock.
INV VK TR INV Price Performance
NYSE:VGM remained flat at $9.50 during trading hours on Wednesday. The company's stock had a trading volume of 280,844 shares, compared to its average volume of 191,578. The stock has a 50-day moving average of $9.56 and a 200 day moving average of $9.88. INV VK TR INV has a twelve month low of $9.28 and a twelve month high of $10.70.
INV VK TR INV Dividend Announcement
The firm also recently disclosed a monthly dividend, which will be paid on Monday, June 30th. Investors of record on Tuesday, June 17th will be issued a $0.0646 dividend. This represents a $0.78 annualized dividend and a yield of 8.16%. The ex-dividend date of this dividend is Tuesday, June 17th.
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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