Inv Vk Tr Inv (NYSE:VGM) Stock Passes Below 200-Day Moving Average - Should You Sell?

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 - ) shares passed below its two hundred day moving average during trading on Monday . The stock has a two hundred 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 changing hands.

Inv Vk Tr Inv Stock Performance

The stock's 50-day moving average is $9.53 and its 200-day moving average is $9.78.

Inv Vk Tr Inv Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Wednesday, July 16th will be issued a dividend of $0.0646 per share. This represents a $0.78 annualized dividend and a dividend yield of 8.22%. The ex-dividend date is Wednesday, July 16th.

Hedge Funds Weigh In On Inv Vk Tr Inv

Institutional investors have recently added to or reduced their stakes in the business. Bessemer Group Inc. acquired a new stake in Inv Vk Tr Inv in the 1st quarter worth about $158,000. Bank of America Corp DE boosted its position in shares of Inv Vk Tr Inv by 57.4% in the fourth quarter. Bank of America Corp DE now owns 329,178 shares of the investment management company's stock worth $3,325,000 after acquiring an additional 120,024 shares during the last quarter. Pathstone Holdings LLC grew its holdings in Inv Vk Tr Inv by 45.6% in the fourth quarter. Pathstone Holdings LLC now owns 1,112,444 shares of the investment management company's stock valued at $11,247,000 after purchasing an additional 348,153 shares during the period. LexAurum Advisors LLC acquired a new position in Inv Vk Tr Inv during the first quarter worth approximately $1,132,000. Finally, Nuveen Asset Management LLC increased its position in Inv Vk Tr Inv by 159.5% during the fourth quarter. Nuveen Asset Management LLC now owns 35,973 shares of the investment management company's stock worth $363,000 after purchasing an additional 22,109 shares during the last quarter. 38.13% of the stock is currently owned by institutional investors and hedge funds.

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.

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