LexAurum Advisors LLC Buys Shares of 113,651 Invesco Trust for Investment Grade Municipals (NYSE:VGM)

LexAurum Advisors LLC acquired a new stake in shares of Invesco Trust for Investment Grade Municipals (NYSE:VGM - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 113,651 shares of the investment management company's stock, valued at approximately $1,132,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in VGM. Janney Montgomery Scott LLC acquired a new position in shares of Invesco Trust for Investment Grade Municipals in the fourth quarter worth about $150,000. Indiana Trust & Investment Management Co boosted its holdings in shares of Invesco Trust for Investment Grade Municipals by 1.9% during the 4th quarter. Indiana Trust & Investment Management Co now owns 175,690 shares of the investment management company's stock worth $1,774,000 after buying an additional 3,198 shares during the period. Van ECK Associates Corp lifted its position in Invesco Trust for Investment Grade Municipals by 3.1% during the 4th quarter. Van ECK Associates Corp now owns 406,392 shares of the investment management company's stock worth $4,105,000 after acquiring an additional 12,316 shares during the last quarter. Robinson Capital Management LLC increased its stake in shares of Invesco Trust for Investment Grade Municipals by 44.5% in the fourth quarter. Robinson Capital Management LLC now owns 1,381,874 shares of the investment management company's stock worth $13,957,000 after purchasing an additional 425,602 shares during the period. Finally, Raymond James Financial Inc. bought a new position in Invesco Trust for Investment Grade Municipals in the 4th quarter worth approximately $2,110,000. Institutional investors and hedge funds own 38.13% of the company's stock.

Invesco Trust for Investment Grade Municipals Stock Up 0.1%

Shares of NYSE VGM traded up $0.01 during mid-day trading on Wednesday, hitting $9.50. The company had a trading volume of 242,018 shares, compared to its average volume of 187,043. Invesco Trust for Investment Grade Municipals has a 12 month low of $9.28 and a 12 month high of $10.70. The business's 50-day simple moving average is $9.59 and its 200-day simple moving average is $9.94.

Invesco Trust for Investment Grade Municipals Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, June 30th. Shareholders of record on Tuesday, June 17th will be issued a dividend of $0.0646 per share. This represents a $0.78 dividend on an annualized basis and a yield of 8.16%. The ex-dividend date is Tuesday, June 17th.

About Invesco Trust for Investment Grade Municipals

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.