LexAurum Advisors LLC Purchases 53,905 Shares of Inv Vk Tr Inv $VGM

Key Points

• LexAurum Advisors LLC increased its holding in Inv Vk Tr Inv by 47.4%, acquiring an additional 53,905 shares during the second quarter, bringing its total ownership to approximately 0.31% valued at $1.59 million.
• Inv Vk Tr Inv announced a monthly dividend of $0.0646 per share, with an annualized yield of 7.7%, payable on September 30th to investors of record as of September 16th.
• The stock of Inv Vk Tr Inv is currently priced at $10.05, with a 12-month range between a low of $9.28 and a high of $10.63.

LexAurum Advisors LLC lifted its position in shares of Inv Vk Tr Inv (NYSE:VGM - Free Report) by 47.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 167,556 shares of the investment management company's stock after buying an additional 53,905 shares during the quarter. LexAurum Advisors LLC owned approximately 0.31% of Inv Vk Tr Inv worth $1,590,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Calton & Associates Inc. bought a new position in shares of Inv Vk Tr Inv during the 1st quarter worth $132,000. AlphaCore Capital LLC bought a new position in shares of Inv Vk Tr Inv during the 1st quarter worth $157,000. Bessemer Group Inc. bought a new position in shares of Inv Vk Tr Inv during the 1st quarter worth $158,000. Nuveen LLC bought a new position in shares of Inv Vk Tr Inv during the 1st quarter worth $186,000. Finally, Riverbridge Partners LLC grew its position in shares of Inv Vk Tr Inv by 7.3% during the 1st quarter. Riverbridge Partners LLC now owns 20,620 shares of the investment management company's stock worth $205,000 after buying an additional 1,397 shares in the last quarter. Institutional investors own 38.13% of the company's stock.

Inv Vk Tr Inv Price Performance

VGM opened at $10.05 on Tuesday. Inv Vk Tr Inv has a 12-month low of $9.28 and a 12-month high of $10.63. The business's fifty day simple moving average is $9.69 and its 200-day simple moving average is $9.65.

Inv Vk Tr Inv Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, September 30th. Investors of record on Tuesday, September 16th will be given a dividend of $0.0646 per share. The ex-dividend date of this dividend is Tuesday, September 16th. This represents a c) dividend on an annualized basis and a 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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