Inv Vk Tr Inv (NYSE:VGM) Share Price Passes Below 200 Day Moving Average - Here's What Happened

Key Points

• Inv Vk Tr Inv shares dropped below their 200-day moving average of $9.78, trading as low as $9.39 during recent sessions.
• The investment firm has announced a monthly dividend of $0.0646 per share, resulting in an annualized dividend yield of 8.22%.
• Recent trading activity shows significant institutional interest, with firms like Bank of America and Nuveen Asset Management increasing their stakes in the company.

Inv Vk Tr Inv (NYSE:VGM - Get Free Report) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $9.78 and traded as low as $9.39. Inv Vk Tr Inv shares last traded at $9.43, with a volume of 172,227 shares trading hands.

Inv Vk Tr Inv Trading Up 0.7%

The company has a fifty day simple moving average of $9.52 and a two-hundred day simple moving average of $9.77.

Inv Vk Tr Inv Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Thursday, July 31st. Stockholders of record on Wednesday, July 16th were paid a $0.0646 dividend. The ex-dividend date was Wednesday, July 16th. This represents a c) dividend on an annualized basis and a dividend yield of 8.1%.

Hedge Funds Weigh In On Inv Vk Tr Inv

A number of institutional investors have recently made changes to their positions in the business. WMG Financial Advisors LLC bought a new position in Inv Vk Tr Inv during the second quarter valued at about $104,000. Anderson Financial Strategies LLC bought a new position in Inv Vk Tr Inv during the fourth quarter valued at about $128,000. Calton & Associates Inc. bought a new position in Inv Vk Tr Inv during the first quarter valued at about $132,000. Nomura Holdings Inc. bought a new position in Inv Vk Tr Inv during the fourth quarter valued at about $141,000. Finally, AlphaCore Capital LLC bought a new position in Inv Vk Tr Inv during the first quarter valued at about $157,000. 38.13% of the stock is currently owned by institutional investors.

About Inv Vk Tr Inv

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.