Pathstone Holdings LLC lifted its position in Invesco Trust for Investment Grade Municipals (NYSE:VGM - Free Report) by 45.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,112,444 shares of the investment management company's stock after acquiring an additional 348,153 shares during the period. Pathstone Holdings LLC's holdings in Invesco Trust for Investment Grade Municipals were worth $11,247,000 as of its most recent SEC filing.
Several other institutional investors have also recently made changes to their positions in the company. Capital Investment Advisors LLC bought a new position in Invesco Trust for Investment Grade Municipals during the 4th quarter valued at approximately $134,000. Sovereign Financial Group Inc. increased its position in Invesco Trust for Investment Grade Municipals by 130.5% during the 4th quarter. Sovereign Financial Group Inc. now owns 25,215 shares of the investment management company's stock valued at $255,000 after buying an additional 14,277 shares in the last quarter. Dakota Wealth Management increased its position in Invesco Trust for Investment Grade Municipals by 17.2% during the 4th quarter. Dakota Wealth Management now owns 105,500 shares of the investment management company's stock valued at $1,066,000 after buying an additional 15,500 shares in the last quarter. Janney Montgomery Scott LLC purchased a new stake in Invesco Trust for Investment Grade Municipals during the 4th quarter valued at $150,000. Finally, Avior Wealth Management LLC boosted its stake in Invesco Trust for Investment Grade Municipals by 23.2% during the 4th quarter. Avior Wealth Management LLC now owns 22,890 shares of the investment management company's stock valued at $231,000 after purchasing an additional 4,314 shares during the last quarter. Institutional investors own 38.13% of the company's stock.
Invesco Trust for Investment Grade Municipals Stock Performance
VGM traded down $0.07 during trading on Monday, hitting $9.57. 179,621 shares of the company's stock traded hands, compared to its average volume of 163,256. The company's 50 day simple moving average is $9.75 and its two-hundred day simple moving average is $10.02. Invesco Trust for Investment Grade Municipals has a 12-month low of $9.28 and a 12-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. Stockholders of record on Friday, May 16th will be paid a $0.0646 dividend. The ex-dividend date is Friday, May 16th. This represents a $0.78 dividend on an annualized basis and a dividend yield of 8.10%.
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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