Almitas Capital LLC Makes New Investment in Invesco Trust for Investment Grade Municipals (NYSE:VGM)

Almitas Capital LLC acquired a new position in Invesco Trust for Investment Grade Municipals (NYSE:VGM) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 12,534 shares of the investment management company’s stock, valued at approximately $129,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Hennion & Walsh Asset Management Inc. boosted its position in Invesco Trust for Investment Grade Municipals by 5.8% in the second quarter. Hennion & Walsh Asset Management Inc. now owns 56,535 shares of the investment management company’s stock worth $581,000 after purchasing an additional 3,099 shares during the last quarter. Comerica Bank boosted its position in Invesco Trust for Investment Grade Municipals by 661.9% in the first quarter. Comerica Bank now owns 4,000 shares of the investment management company’s stock worth $39,000 after purchasing an additional 3,475 shares during the last quarter. Financial Management Professionals Inc. purchased a new position in Invesco Trust for Investment Grade Municipals in the first quarter worth $56,000. SageView Advisory Group LLC purchased a new position in Invesco Trust for Investment Grade Municipals in the first quarter worth $92,000. Finally, Kingswood Wealth Advisors LLC purchased a new position in Invesco Trust for Investment Grade Municipals in the second quarter worth $107,000. Hedge funds and other institutional investors own 38.13% of the company’s stock.

Invesco Trust for Investment Grade Municipals Price Performance

VGM stock opened at $10.49 on Friday. The stock’s fifty day simple moving average is $10.41 and its two-hundred day simple moving average is $10.10. Invesco Trust for Investment Grade Municipals has a 1-year low of $8.15 and a 1-year high of $10.70.

Invesco Trust for Investment Grade Municipals Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, September 30th. Shareholders of record on Tuesday, September 17th will be paid a $0.0646 dividend. The ex-dividend date is Tuesday, September 17th. This represents a $0.78 annualized dividend and a dividend yield of 7.39%.

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.