Truist Financial Corp raised its stake in Invesco Trust for Investment Grade Municipals (NYSE:VGM – Free Report) by 1.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 770,014 shares of the investment management company’s stock after buying an additional 8,303 shares during the period. Truist Financial Corp’s holdings in Invesco Trust for Investment Grade Municipals were worth $7,615,000 at the end of the most recent reporting period.
A number of other hedge funds also recently added to or reduced their stakes in VGM. Private Trust Co. NA purchased a new stake in Invesco Trust for Investment Grade Municipals in the 4th quarter worth approximately $75,000. Capital Investment Advisors LLC acquired a new position in shares of Invesco Trust for Investment Grade Municipals during the 4th quarter valued at about $103,000. Kingswood Wealth Advisors LLC purchased a new position in shares of Invesco Trust for Investment Grade Municipals during the 4th quarter worth about $103,000. Alesco Advisors LLC purchased a new position in shares of Invesco Trust for Investment Grade Municipals during the 4th quarter worth about $109,000. Finally, WealthBridge Capital Management LLC boosted its position in shares of Invesco Trust for Investment Grade Municipals by 29.7% in the third quarter. WealthBridge Capital Management LLC now owns 18,325 shares of the investment management company’s stock worth $156,000 after acquiring an additional 4,200 shares during the last quarter. 38.13% of the stock is owned by hedge funds and other institutional investors.
Invesco Trust for Investment Grade Municipals Stock Up 0.6 %
Shares of VGM stock opened at $9.64 on Friday. Invesco Trust for Investment Grade Municipals has a one year low of $8.15 and a one year high of $10.04. The company has a 50 day moving average price of $9.74 and a 200 day moving average price of $9.53.
Invesco Trust for Investment Grade Municipals Announces Dividend
The company also recently disclosed a monthly dividend, which will be paid on Friday, May 31st. Stockholders of record on Thursday, May 16th will be issued a dividend of $0.0388 per share. The ex-dividend date of this dividend is Wednesday, May 15th. This represents a $0.47 dividend on an annualized basis and a dividend yield of 4.83%.
Invesco Trust for Investment Grade Municipals Company Profile
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.
See Also
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Source: defenseworld.net
