Leo Wealth LLC Grows Stake in INV VK TR INV $VGM

Key Points

• Leo Wealth LLC has increased its stake in INV VK TR INV by 33.5%, owning a total of 234,554 shares valued at approximately $2.2 million as of the latest reporting period.
• The investment management firm announced a monthly dividend of $0.0646 per share, which will be paid on October 31, with an annualized yield of 7.7%.
• Institutional investors collectively own 38.13% of INV VK TR INV, indicating significant interest from large investment firms in this closed-ended fixed income mutual fund.

Leo Wealth LLC increased its holdings in shares of INV VK TR INV (NYSE:VGM - Free Report) by 33.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 234,554 shares of the investment management company's stock after purchasing an additional 58,796 shares during the quarter. Leo Wealth LLC owned approximately 0.43% of INV VK TR INV worth $2,226,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Riverbridge Partners LLC boosted its position in shares of INV VK TR INV by 5.3% during the 2nd quarter. Riverbridge Partners LLC now owns 21,707 shares of the investment management company's stock valued at $206,000 after acquiring an additional 1,087 shares during the last quarter. Cambridge Investment Research Advisors Inc. boosted its position in shares of INV VK TR INV by 6.8% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 32,548 shares of the investment management company's stock valued at $324,000 after acquiring an additional 2,059 shares during the last quarter. Invesco Ltd. boosted its position in shares of INV VK TR INV by 1.5% during the 1st quarter. Invesco Ltd. now owns 143,096 shares of the investment management company's stock valued at $1,425,000 after acquiring an additional 2,174 shares during the last quarter. Cetera Investment Advisers boosted its position in shares of INV VK TR INV by 13.7% during the 1st quarter. Cetera Investment Advisers now owns 24,069 shares of the investment management company's stock valued at $240,000 after acquiring an additional 2,892 shares during the last quarter. Finally, Tyche Wealth Partners LLC boosted its position in shares of INV VK TR INV by 4.8% during the 1st quarter. Tyche Wealth Partners LLC now owns 70,598 shares of the investment management company's stock valued at $703,000 after acquiring an additional 3,234 shares during the last quarter. Institutional investors own 38.13% of the company's stock.

INV VK TR INV Trading Up 0.3%

NYSE VGM opened at $10.05 on Thursday. INV VK TR INV has a one year low of $9.28 and a one year high of $10.54. The stock has a 50 day moving average price of $9.79 and a 200-day moving average price of $9.66.

INV VK TR INV Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, October 31st. Stockholders of record on Thursday, October 16th will be given a dividend of $0.0646 per share. The ex-dividend date of this dividend is Thursday, October 16th. This represents a c) annualized dividend and a dividend yield of 7.7%.

INV VK TR INV 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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