INV VK TR INV (NYSE:VGM) Plans $0.06 Monthly Dividend

Key Points

• INV VK TR INV (NYSE:VGM) announced a monthly dividend of $0.06 per share, payable on October 31st to investors of record as of October 16th, yielding approximately 7.6% annually.
• The company's stock recently traded at $10.21, experiencing a slight decrease, with a 52-week range between $9.28 and $10.60.
• Institutional investors hold 38.13% of INV VK TR INV, with recent acquisitions from multiple firms, indicating growing interest in the shares.

INV VK TR INV (NYSE:VGM - Get Free Report) declared a monthly dividend on Wednesday, October 1st. Investors of record on Thursday, October 16th will be paid a dividend of 0.0646 per share by the investment management company on Friday, October 31st. This represents a c) dividend on an annualized basis and a yield of 7.6%. The ex-dividend date of this dividend is Thursday, October 16th.

INV VK TR INV Stock Performance

VGM traded down $0.02 on Thursday, reaching $10.21. The company's stock had a trading volume of 46,494 shares, compared to its average volume of 216,904. The stock has a 50 day moving average of $9.72 and a two-hundred day moving average of $9.66. INV VK TR INV has a fifty-two week low of $9.28 and a fifty-two week high of $10.60.

Institutional Investors Weigh In On INV VK TR INV

Large investors have recently modified their holdings of the company. WMG Financial Advisors LLC acquired a new stake in shares of INV VK TR INV in the second quarter valued at approximately $104,000. Calton & Associates Inc. acquired a new stake in shares of INV VK TR INV in the first quarter valued at approximately $132,000. AlphaCore Capital LLC acquired a new stake in shares of INV VK TR INV in the first quarter valued at approximately $157,000. Bessemer Group Inc. acquired a new stake in shares of INV VK TR INV in the first quarter valued at approximately $158,000. Finally, Focus Partners Advisor Solutions LLC acquired a new stake in shares of INV VK TR INV in the second quarter valued at approximately $169,000. 38.13% of the stock is owned by institutional investors and hedge funds.

INV VK TR INV Company 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.