Invesco Ltd. raised its stake in shares of Invesco Trust for Investment Grade Municipals (NYSE:VGM - Free Report) by 55.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 140,922 shares of the investment management company's stock after buying an additional 50,212 shares during the quarter. Invesco Ltd.'s holdings in Invesco Trust for Investment Grade Municipals were worth $1,423,000 at the end of the most recent reporting period.
Other hedge funds have also modified their holdings of the company. Bank of Montreal Can boosted its holdings in shares of Invesco Trust for Investment Grade Municipals by 4.0% in the fourth quarter. Bank of Montreal Can now owns 39,005 shares of the investment management company's stock valued at $394,000 after buying an additional 1,504 shares during the period. Landscape Capital Management L.L.C. acquired a new position in shares of Invesco Trust for Investment Grade Municipals during the fourth quarter worth about $236,000. Thomas J. Herzfeld Advisors Inc. raised its position in Invesco Trust for Investment Grade Municipals by 18.1% in the 4th quarter. Thomas J. Herzfeld Advisors Inc. now owns 38,798 shares of the investment management company's stock valued at $392,000 after buying an additional 5,940 shares during the last quarter. StoneX Group Inc. acquired a new position in Invesco Trust for Investment Grade Municipals during the 4th quarter worth approximately $197,000. Finally, Mountain Hill Investment Partners Corp. bought a new position in shares of Invesco Trust for Investment Grade Municipals during the 4th quarter worth approximately $71,000. 38.13% of the stock is currently owned by institutional investors and hedge funds.
Invesco Trust for Investment Grade Municipals Stock Performance
VGM traded up $0.02 during trading hours on Friday, hitting $9.71. 103,053 shares of the company's stock were exchanged, compared to its average volume of 161,512. Invesco Trust for Investment Grade Municipals has a 1-year low of $9.28 and a 1-year high of $10.70. The stock's 50-day moving average is $9.85 and its two-hundred day moving average is $10.07.
Invesco Trust for Investment Grade Municipals Announces Dividend
The company also recently announced a monthly dividend, which will be paid on Friday, May 30th. Investors of record on Friday, May 16th will be paid a $0.0646 dividend. The ex-dividend date of this dividend is Friday, May 16th. This represents a $0.78 annualized dividend and a dividend yield of 7.98%.
Invesco Trust for Investment Grade Municipals Company Profile
(
Free Report)
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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