AQR Arbitrage LLC cut its holdings in shares of Invesco Trust for Investment Grade Municipals (NYSE:VGM - Free Report) by 81.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 43,361 shares of the investment management company's stock after selling 187,391 shares during the period. AQR Arbitrage LLC's holdings in Invesco Trust for Investment Grade Municipals were worth $438,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors also recently modified their holdings of the business. Mountain Hill Investment Partners Corp. bought a new stake in Invesco Trust for Investment Grade Municipals during the 4th quarter worth about $71,000. Capital Investment Advisors LLC bought a new stake in Invesco Trust for Investment Grade Municipals in the fourth quarter valued at approximately $134,000. Janney Montgomery Scott LLC acquired a new stake in Invesco Trust for Investment Grade Municipals during the 4th quarter valued at $150,000. Permanent Capital Management LP bought a new position in Invesco Trust for Investment Grade Municipals during the fourth quarter worth $154,000. Finally, XTX Topco Ltd acquired a new position in shares of Invesco Trust for Investment Grade Municipals in the fourth quarter valued at $172,000. 38.13% of the stock is currently owned by institutional investors.
Invesco Trust for Investment Grade Municipals Stock Performance
Shares of NYSE VGM traded up $0.04 during mid-day trading on Wednesday, reaching $9.69. 136,037 shares of the company were exchanged, compared to its average volume of 162,336. The company's 50-day simple moving average is $9.83 and its 200-day simple moving average is $10.05. Invesco Trust for Investment Grade Municipals has a twelve month low of $9.28 and a twelve month high of $10.70.
Invesco Trust for Investment Grade Municipals Dividend Announcement
The company also recently declared a monthly dividend, which will be paid on Friday, May 30th. Investors of record on Friday, May 16th will be issued a dividend of $0.0646 per share. The ex-dividend date of this dividend is Friday, May 16th. This represents a $0.78 annualized dividend and a yield of 8.00%.
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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