Invesco Trust for Investment Grade Municipals (NYSE:VGM) Declares Monthly Dividend of $0.05

Invesco Trust for Investment Grade Municipals (NYSE:VGMGet Rating) declared a monthly dividend on Tuesday, May 3rd, Wall Street Journal reports. Stockholders of record on Monday, May 16th will be paid a dividend of 0.0494 per share by the investment management company on Tuesday, May 31st. This represents a $0.59 dividend on an annualized basis and a dividend yield of 5.51%. The ex-dividend date of this dividend is Friday, May 13th.

Shares of VGM stock opened at $10.75 on Wednesday. Invesco Trust for Investment Grade Municipals has a 1-year low of $10.61 and a 1-year high of $14.36. The company’s fifty day simple moving average is $11.43.

Hedge funds have recently modified their holdings of the company. Zullo Investment Group Inc. purchased a new position in shares of Invesco Trust for Investment Grade Municipals during the fourth quarter valued at $189,000. NewEdge Advisors LLC purchased a new position in shares of Invesco Trust for Investment Grade Municipals during the fourth quarter valued at $299,000. Invesco Ltd. purchased a new position in Invesco Trust for Investment Grade Municipals in the third quarter valued at about $853,000. LPL Financial LLC grew its stake in Invesco Trust for Investment Grade Municipals by 8.5% in the fourth quarter. LPL Financial LLC now owns 103,306 shares of the investment management company’s stock valued at $1,443,000 after purchasing an additional 8,081 shares in the last quarter. Finally, Stifel Financial Corp grew its stake in Invesco Trust for Investment Grade Municipals by 2.5% in the fourth quarter. Stifel Financial Corp now owns 125,531 shares of the investment management company’s stock valued at $1,754,000 after purchasing an additional 3,108 shares in the last quarter. Institutional investors and hedge funds own 23.63% of the company’s stock.

About Invesco Trust for Investment Grade Municipals (Get Rating)

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.

Further Reading

Dividend History for Invesco Trust for Investment Grade Municipals (NYSE:VGM)

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