Invesco Trust for Investment Grade Municipals (NYSE:VGM) Shares Acquired by Invesco Ltd.

Invesco Ltd. boosted its position in Invesco Trust for Investment Grade Municipals (NYSE:VGM - Free Report) by 55.4% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 140,922 shares of the investment management company's stock after acquiring an additional 50,212 shares during the period. 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.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Capital Investment Advisors LLC purchased a new position in Invesco Trust for Investment Grade Municipals during the fourth quarter worth approximately $134,000. Melone Private Wealth LLC raised its position in shares of Invesco Trust for Investment Grade Municipals by 1.6% in the 4th quarter. Melone Private Wealth LLC now owns 174,333 shares of the investment management company's stock worth $1,761,000 after buying an additional 2,684 shares during the period. Sovereign Financial Group Inc. boosted its holdings in Invesco Trust for Investment Grade Municipals by 130.5% in the fourth quarter. Sovereign Financial Group Inc. now owns 25,215 shares of the investment management company's stock valued at $255,000 after acquiring an additional 14,277 shares during the last quarter. Dakota Wealth Management boosted its holdings in Invesco Trust for Investment Grade Municipals by 17.2% in the fourth quarter. Dakota Wealth Management now owns 105,500 shares of the investment management company's stock valued at $1,066,000 after acquiring an additional 15,500 shares during the last quarter. Finally, Janney Montgomery Scott LLC purchased a new stake in Invesco Trust for Investment Grade Municipals during the fourth quarter valued at about $150,000. 38.13% of the stock is owned by hedge funds and other institutional investors.

Invesco Trust for Investment Grade Municipals Stock Performance

Shares of Invesco Trust for Investment Grade Municipals stock traded up $0.01 during trading hours on Tuesday, reaching $9.66. The stock had a trading volume of 261,742 shares, compared to its average volume of 162,425. Invesco Trust for Investment Grade Municipals 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 $9.83 and a two-hundred day simple moving average of $10.05.

Invesco Trust for Investment Grade Municipals Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, May 30th. Shareholders of record on Friday, May 16th will be given a dividend of $0.0646 per share. The ex-dividend date of this dividend is Friday, May 16th. This represents a $0.78 dividend on an annualized basis and a yield of 8.02%.

Invesco Trust for Investment Grade Municipals 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.