Sit Investment Associates Inc. Trims Stock Holdings in Inv Vk Tr Inv (NYSE:VGM)

Key Points

• Sit Investment Associates Inc. reduced its stake in Inv Vk Tr Inv by 12.5% during the first quarter, now holding approximately 3.69% of the company.
• Other institutional investors, including Pathstone Holdings LLC and Guggenheim Capital LLC, have increased their stakes significantly, reflecting a growing interest in the company.
• Inv Vk Tr Inv declared a monthly dividend of $0.0646, which equates to an annual yield of 8.0%, scheduled for payment on August 29th.

Sit Investment Associates Inc. trimmed its holdings in Inv Vk Tr Inv (NYSE:VGM - Free Report) by 12.5% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,001,609 shares of the investment management company's stock after selling 285,157 shares during the period. Sit Investment Associates Inc. owned approximately 3.69% of Inv Vk Tr Inv worth $19,936,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of the business. Pathstone Holdings LLC grew its stake in Inv Vk Tr Inv by 45.6% in the 4th quarter. Pathstone Holdings LLC now owns 1,112,444 shares of the investment management company's stock valued at $11,247,000 after buying an additional 348,153 shares in the last quarter. Guggenheim Capital LLC grew its stake in Inv Vk Tr Inv by 36.2% in the 4th quarter. Guggenheim Capital LLC now owns 729,804 shares of the investment management company's stock valued at $7,371,000 after buying an additional 193,954 shares in the last quarter. LPL Financial LLC grew its stake in Inv Vk Tr Inv by 27.1% in the 1st quarter. LPL Financial LLC now owns 459,388 shares of the investment management company's stock valued at $4,576,000 after buying an additional 97,916 shares in the last quarter. Bank of America Corp DE grew its stake in Inv Vk Tr Inv by 57.4% in the 4th quarter. Bank of America Corp DE now owns 329,178 shares of the investment management company's stock valued at $3,325,000 after buying an additional 120,024 shares in the last quarter. Finally, Ameriprise Financial Inc. grew its stake in Inv Vk Tr Inv by 7.1% in the 4th quarter. Ameriprise Financial Inc. now owns 300,727 shares of the investment management company's stock valued at $3,037,000 after buying an additional 20,054 shares in the last quarter. 38.13% of the stock is currently owned by hedge funds and other institutional investors.

Inv Vk Tr Inv Trading Up 0.4%

Inv Vk Tr Inv stock opened at $9.70 on Thursday. Inv Vk Tr Inv has a 1-year low of $9.28 and a 1-year high of $10.70. The firm has a 50 day simple moving average of $9.52 and a 200 day simple moving average of $9.75.

Inv Vk Tr Inv Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, August 29th. Shareholders of record on Monday, August 18th will be issued a $0.0646 dividend. This represents a c) annualized dividend and a yield of 8.0%. 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.

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