Raymond James & Associates Grows Stake in Invesco Trust for Investment Grade Municipals (NYSE:VGM)

Raymond James & Associates grew its position in Invesco Trust for Investment Grade Municipals (NYSE:VGM) by 17.1% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 103,329 shares of the investment management company’s stock after purchasing an additional 15,080 shares during the quarter. Raymond James & Associates’ holdings in Invesco Trust for Investment Grade Municipals were worth $1,022,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in VGM. Robinson Capital Management LLC lifted its stake in Invesco Trust for Investment Grade Municipals by 103.2% in the third quarter. Robinson Capital Management LLC now owns 451,610 shares of the investment management company’s stock worth $3,857,000 after acquiring an additional 229,345 shares during the period. Melone Private Wealth LLC lifted its position in shares of Invesco Trust for Investment Grade Municipals by 1.1% in the 4th quarter. Melone Private Wealth LLC now owns 185,086 shares of the investment management company’s stock worth $1,830,000 after purchasing an additional 1,973 shares during the period. Landscape Capital Management L.L.C. boosted its stake in shares of Invesco Trust for Investment Grade Municipals by 101.3% during the third quarter. Landscape Capital Management L.L.C. now owns 40,617 shares of the investment management company’s stock valued at $345,000 after purchasing an additional 20,443 shares in the last quarter. Karpus Management Inc. increased its holdings in Invesco Trust for Investment Grade Municipals by 15.6% during the third quarter. Karpus Management Inc. now owns 2,461,545 shares of the investment management company’s stock valued at $20,923,000 after buying an additional 331,592 shares during the period. Finally, WealthBridge Capital Management LLC raised its stake in 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 buying an additional 4,200 shares in the last quarter. Institutional investors own 38.13% of the company’s stock.

Invesco Trust for Investment Grade Municipals Stock Performance

Invesco Trust for Investment Grade Municipals stock opened at $9.49 on Monday. The business has a fifty day moving average of $9.80 and a two-hundred day moving average of $9.48. Invesco Trust for Investment Grade Municipals has a twelve month low of $8.15 and a twelve month high of $10.04.

Invesco Trust for Investment Grade Municipals Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, April 30th. Investors of record on Tuesday, April 16th will be paid a dividend of $0.0388 per share. This represents a $0.47 dividend on an annualized basis and a dividend yield of 4.91%. The ex-dividend date is Monday, April 15th.

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.