LexAurum Advisors LLC bought a new stake in Invesco Trust for Investment Grade Municipals (NYSE:VGM - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 113,651 shares of the investment management company's stock, valued at approximately $1,132,000.
Several other large investors also recently bought and sold shares of VGM. Robinson Capital Management LLC increased its position in shares of Invesco Trust for Investment Grade Municipals by 44.5% during the 4th quarter. Robinson Capital Management LLC now owns 1,381,874 shares of the investment management company's stock valued at $13,957,000 after purchasing an additional 425,602 shares during the last quarter. Pathstone Holdings LLC boosted its stake in Invesco Trust for Investment Grade Municipals by 45.6% during the fourth quarter. Pathstone Holdings LLC now owns 1,112,444 shares of the investment management company's stock worth $11,247,000 after buying an additional 348,153 shares during the period. LPL Financial LLC increased its position in Invesco Trust for Investment Grade Municipals by 143.4% during the fourth quarter. LPL Financial LLC now owns 361,472 shares of the investment management company's stock valued at $3,651,000 after acquiring an additional 212,940 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Invesco Trust for Investment Grade Municipals in the fourth quarter valued at $2,110,000. Finally, Guggenheim Capital LLC raised its stake in shares of Invesco Trust for Investment Grade Municipals by 36.2% in the fourth quarter. Guggenheim Capital LLC now owns 729,804 shares of the investment management company's stock valued at $7,371,000 after acquiring an additional 193,954 shares during the period. Institutional investors own 38.13% of the company's stock.
Invesco Trust for Investment Grade Municipals Price Performance
Shares of VGM stock traded down $0.02 during trading hours on Monday, reaching $9.48. 423,390 shares of the stock were exchanged, compared to its average volume of 186,089. Invesco Trust for Investment Grade Municipals has a 12-month low of $9.28 and a 12-month high of $10.70. The company's 50-day moving average price is $9.62 and its 200-day moving average price is $9.95.
Invesco Trust for Investment Grade Municipals Announces Dividend
The firm also recently announced a monthly dividend, which will be paid on Monday, June 30th. Stockholders of record on Tuesday, June 17th will be paid a dividend of $0.0646 per share. The ex-dividend date of this dividend is Tuesday, June 17th. This represents a $0.78 dividend on an annualized basis and a dividend yield of 8.18%.
Invesco Trust for Investment Grade Municipals Profile
(
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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