Inv Vk Tr Inv (NYSE:VGM) Share Price Crosses Below 200-Day Moving Average - Here's Why

Inv Vk Tr Inv (NYSE:VGM - Get Free Report) shares crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $9.92 and traded as low as $9.47. Inv Vk Tr Inv shares last traded at $9.48, with a volume of 211,736 shares changing hands.

Inv Vk Tr Inv Stock Performance

The firm has a 50-day moving average price of $9.57 and a 200-day moving average price of $9.90.

Inv Vk Tr Inv Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, June 30th. Investors of record on Tuesday, June 17th will be paid a $0.0646 dividend. The ex-dividend date is Tuesday, June 17th. This represents a $0.78 dividend on an annualized basis and a yield of 8.24%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in VGM. Van ECK Associates Corp grew its holdings in shares of Inv Vk Tr Inv by 3.1% during the 4th quarter. Van ECK Associates Corp now owns 406,392 shares of the investment management company's stock valued at $4,105,000 after purchasing an additional 12,316 shares during the last quarter. Raymond James Financial Inc. purchased a new position in Inv Vk Tr Inv in the 4th quarter worth approximately $2,110,000. Permanent Capital Management LP purchased a new stake in shares of Inv Vk Tr Inv during the fourth quarter valued at approximately $154,000. Harbour Investments Inc. grew its holdings in shares of Inv Vk Tr Inv by 30.7% in the fourth quarter. Harbour Investments Inc. now owns 21,679 shares of the investment management company's stock worth $219,000 after purchasing an additional 5,093 shares during the last quarter. Finally, LPL Financial LLC increased its stake in shares of Inv Vk Tr Inv by 143.4% in the fourth quarter. LPL Financial LLC now owns 361,472 shares of the investment management company's stock worth $3,651,000 after buying an additional 212,940 shares during the period. Institutional investors own 38.13% of the company's stock.

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.