Invesco Trust for Investment Grade Municipals (NYSE:VGM - Get Free Report) declared a monthly dividend on Tuesday, June 3rd, Wall Street Journal reports. Shareholders of record on Tuesday, June 17th will be given a dividend of 0.0646 per share by the investment management company on Monday, June 30th. This represents a $0.78 dividend on an annualized basis and a yield of 8.10%. The ex-dividend date of this dividend is Tuesday, June 17th.
Invesco Trust for Investment Grade Municipals has raised its dividend payment by an average of 1.2% annually over the last three years.
Invesco Trust for Investment Grade Municipals Trading Down 0.1%
Shares of Invesco Trust for Investment Grade Municipals stock traded down $0.01 on Thursday, reaching $9.57. 239,736 shares of the stock were exchanged, compared to its average volume of 204,341. Invesco Trust for Investment Grade Municipals has a 1-year low of $9.28 and a 1-year high of $10.70. The business has a fifty day moving average price of $9.63 and a two-hundred day moving average price of $9.96.
Institutional Trading of Invesco Trust for Investment Grade Municipals
A hedge fund recently bought a new stake in Invesco Trust for Investment Grade Municipals stock. Jones Financial Companies Lllp acquired a new position in shares of Invesco Trust for Investment Grade Municipals (NYSE:VGM - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 25,436 shares of the investment management company's stock, valued at approximately $253,000. 38.13% of the stock is owned by institutional investors and hedge funds.
About Invesco Trust for Investment Grade Municipals
(
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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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