Truist Financial Corp Cuts Position in INV VK TR INV $VGM

Truist Financial Corp reduced its position in INV VK TR INV (NYSE:VGM) by 30.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 723,264 shares of the investment management company’s stock after selling 322,507 shares during the quarter. Truist Financial Corp owned about 1.33% of INV VK TR INV worth $6,864,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of VGM. Calton & Associates Inc. purchased a new stake in INV VK TR INV during the 1st quarter worth approximately $132,000. AlphaCore Capital LLC purchased a new stake in INV VK TR INV during the 1st quarter worth approximately $157,000. Bessemer Group Inc. purchased a new stake in shares of INV VK TR INV during the first quarter valued at $158,000. Nuveen LLC purchased a new stake in shares of INV VK TR INV during the first quarter valued at $186,000. Finally, Riverbridge Partners LLC grew its holdings in shares of INV VK TR INV by 7.3% during the first quarter. Riverbridge Partners LLC now owns 20,620 shares of the investment management company’s stock valued at $205,000 after buying an additional 1,397 shares during the last quarter. 38.13% of the stock is owned by hedge funds and other institutional investors.

INV VK TR INV Trading Down 0.6%

INV VK TR INV stock opened at $10.04 on Tuesday. The business’s 50-day simple moving average is $9.77 and its two-hundred day simple moving average is $9.66. INV VK TR INV has a fifty-two week low of $9.28 and a fifty-two week high of $10.54.

INV VK TR INV Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, October 31st. Investors of record on Thursday, October 16th will be given a $0.0646 dividend. The ex-dividend date is Thursday, October 16th. This represents a c) dividend on an annualized basis and a yield of 7.7%.

About INV VK TR INV

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.