Pathstone Holdings LLC boosted its holdings in Invesco Trust for Investment Grade Municipals (NYSE:VGM - Free Report) by 45.6% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,112,444 shares of the investment management company's stock after acquiring an additional 348,153 shares during the quarter. Pathstone Holdings LLC's holdings in Invesco Trust for Investment Grade Municipals were worth $11,247,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently modified their holdings of the business. Mountain Hill Investment Partners Corp. bought a new position in shares of Invesco Trust for Investment Grade Municipals in the fourth quarter worth approximately $71,000. Anderson Financial Strategies LLC purchased a new position in Invesco Trust for Investment Grade Municipals in the 4th quarter worth approximately $128,000. Capital Investment Advisors LLC bought a new position in shares of Invesco Trust for Investment Grade Municipals in the 4th quarter worth $134,000. Nomura Holdings Inc. purchased a new stake in shares of Invesco Trust for Investment Grade Municipals during the 4th quarter valued at $141,000. Finally, Janney Montgomery Scott LLC purchased a new stake in shares of Invesco Trust for Investment Grade Municipals during the 4th quarter valued at $150,000. Hedge funds and other institutional investors own 38.13% of the company's stock.
Invesco Trust for Investment Grade Municipals Stock Down 0.3%
NYSE:VGM traded down $0.03 during midday trading on Wednesday, hitting $9.53. The company had a trading volume of 73,359 shares, compared to its average volume of 162,469. Invesco Trust for Investment Grade Municipals has a 52-week low of $9.28 and a 52-week high of $10.70. The stock's fifty day moving average price is $9.72 and its 200-day moving average price is $10.01.
Invesco Trust for Investment Grade Municipals Dividend Announcement
The company also recently disclosed a monthly dividend, which will be paid on Friday, May 30th. Stockholders of record on Friday, May 16th will be issued a $0.0646 dividend. This represents a $0.78 dividend on an annualized basis and a dividend yield of 8.14%. The ex-dividend date is Friday, May 16th.
Invesco Trust for Investment Grade Municipals 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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