Invesco Trust for Investment Grade Municipals (NYSE:VGM) Shares Acquired by Hennion & Walsh Asset Management Inc.

Hennion & Walsh Asset Management Inc. boosted its holdings in Invesco Trust for Investment Grade Municipals (NYSE:VGMFree Report) by 60.2% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 53,436 shares of the investment management company’s stock after acquiring an additional 20,072 shares during the period. Hennion & Walsh Asset Management Inc. owned 0.10% of Invesco Trust for Investment Grade Municipals worth $527,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the business. Gridiron Partners LLC acquired a new position in shares of Invesco Trust for Investment Grade Municipals in the 4th quarter valued at $1,582,000. Melone Private Wealth LLC boosted its stake in Invesco Trust for Investment Grade Municipals by 1.1% during the fourth 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. Summit Trail Advisors LLC purchased a new position in Invesco Trust for Investment Grade Municipals during the fourth quarter worth about $209,000. Catalytic Wealth RIA LLC purchased a new stake in shares of Invesco Trust for Investment Grade Municipals in the 4th quarter valued at approximately $292,000. Finally, Truist Financial Corp lifted its holdings in shares of Invesco Trust for Investment Grade Municipals by 1.1% in the 4th quarter. Truist Financial Corp now owns 770,014 shares of the investment management company’s stock worth $7,615,000 after acquiring an additional 8,303 shares during the last quarter. 38.13% of the stock is currently owned by hedge funds and other institutional investors.

Invesco Trust for Investment Grade Municipals Trading Up 0.1 %

Invesco Trust for Investment Grade Municipals stock opened at $10.26 on Wednesday. Invesco Trust for Investment Grade Municipals has a fifty-two week low of $8.15 and a fifty-two week high of $10.37. The firm has a 50 day moving average price of $9.94 and a 200 day moving average price of $9.83.

Invesco Trust for Investment Grade Municipals Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Tuesday, July 16th will be paid a $0.0646 dividend. The ex-dividend date is Tuesday, July 16th. This represents a $0.78 dividend on an annualized basis and a dividend yield of 7.56%.

Invesco Trust for Investment Grade Municipals Company 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.

Further Reading

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Institutional Ownership by Quarter for Invesco Trust for Investment Grade Municipals (NYSE:VGM)

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