LPL Financial LLC Acquires 97,916 Shares of Inv Vk Tr Inv $VGM

LPL Financial LLC lifted its stake in Inv Vk Tr Inv (NYSE:VGM - Free Report) by 27.1% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 459,388 shares of the investment management company's stock after buying an additional 97,916 shares during the period. LPL Financial LLC owned about 0.85% of Inv Vk Tr Inv worth $4,576,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of VGM. Anderson Financial Strategies LLC bought a new stake in Inv Vk Tr Inv during the 4th quarter worth approximately $128,000. Nomura Holdings Inc. bought a new stake in shares of Inv Vk Tr Inv during the fourth quarter worth $141,000. Bessemer Group Inc. acquired a new stake in shares of Inv Vk Tr Inv in the first quarter valued at $158,000. Calton & Associates Inc. acquired a new stake in shares of Inv Vk Tr Inv in the first quarter valued at $161,000. Finally, XTX Topco Ltd bought a new position in shares of Inv Vk Tr Inv in the fourth quarter valued at about $172,000. Institutional investors own 38.13% of the company's stock.

Inv Vk Tr Inv Trading Down 0.2%

Shares of VGM traded down $0.02 during trading hours on Monday, hitting $9.60. 77,871 shares of the stock traded hands, compared to its average volume of 215,622. The business has a fifty day moving average of $9.53 and a 200-day moving average of $9.73. Inv Vk Tr Inv has a 1-year low of $9.28 and a 1-year high of $10.70.

Inv Vk Tr Inv Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, August 29th. Stockholders of record on Monday, August 18th will be paid a $0.0646 dividend. This represents a c) annualized dividend and a dividend yield of 8.1%. The ex-dividend date of this dividend is Monday, August 18th.

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.