Raymond James Financial Services Advisors Inc. Has $190,000 Stock Position in Invesco Trust for Investment Grade Municipals (NYSE:VGM)

Raymond James Financial Services Advisors Inc. reduced its position in shares of Invesco Trust for Investment Grade Municipals (NYSE:VGM) by 28.5% during the fourth quarter, Holdings Channel reports. The institutional investor owned 19,246 shares of the investment management company’s stock after selling 7,672 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in Invesco Trust for Investment Grade Municipals were worth $190,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Raymond James & Associates raised its stake in Invesco Trust for Investment Grade Municipals by 17.1% during the 4th quarter. Raymond James & Associates now owns 103,329 shares of the investment management company’s stock worth $1,022,000 after buying an additional 15,080 shares during the period. Melone Private Wealth LLC raised its stake in Invesco Trust for Investment Grade Municipals by 1.1% during the 4th quarter. Melone Private Wealth LLC now owns 185,086 shares of the investment management company’s stock worth $1,830,000 after buying an additional 1,973 shares during the period. Capital Investment Advisors LLC acquired a new position in Invesco Trust for Investment Grade Municipals during the 4th quarter worth approximately $103,000. AQR Arbitrage LLC raised its stake in Invesco Trust for Investment Grade Municipals by 97.4% during the 3rd quarter. AQR Arbitrage LLC now owns 399,294 shares of the investment management company’s stock worth $3,394,000 after buying an additional 197,033 shares during the period. Finally, Saba Capital Management L.P. acquired a new position in Invesco Trust for Investment Grade Municipals during the 3rd quarter worth approximately $664,000. 38.13% of the stock is owned by institutional investors and hedge funds.

Invesco Trust for Investment Grade Municipals Price Performance

Shares of VGM opened at $9.58 on Thursday. The stock has a 50 day moving average price of $9.78 and a two-hundred day moving average price of $9.50. Invesco Trust for Investment Grade Municipals has a 52 week low of $8.15 and a 52 week 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. Shareholders of record on Tuesday, April 16th will be issued a dividend of $0.0388 per share. This represents a $0.47 dividend on an annualized basis and a yield of 4.86%. The ex-dividend date of this dividend is Monday, April 15th.

Invesco Trust for Investment Grade Municipals 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.