Inv Vk Tr Inv (NYSE:VGM) Sets New 52-Week High – Should You Buy?

Inv Vk Tr Inv (NYSE:VGM) hit a new 52-week high on Wednesday . The stock traded as high as $10.44 and last traded at $10.3950, with a volume of 42879 shares changing hands. The stock had previously closed at $10.36.

Inv Vk Tr Inv Trading Up 0.1%

The firm has a fifty day moving average of $10.24 and a 200-day moving average of $9.91.

Inv Vk Tr Inv Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 16th were issued a $0.0646 dividend. This represents a c) annualized dividend and a dividend yield of 7.5%. The ex-dividend date of this dividend was Tuesday, December 16th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Advisory Services Network LLC bought a new stake in shares of Inv Vk Tr Inv in the 3rd quarter valued at about $30,000. WMG Financial Advisors LLC acquired a new stake in shares of Inv Vk Tr Inv in the second quarter valued at approximately $104,000. Concurrent Investment Advisors LLC lifted its position in shares of Inv Vk Tr Inv by 24.3% in the third quarter. Concurrent Investment Advisors LLC now owns 12,805 shares of the investment management company’s stock valued at $130,000 after buying an additional 2,500 shares during the last quarter. Permanent Capital Management LP bought a new position in shares of Inv Vk Tr Inv during the 3rd quarter worth approximately $142,000. Finally, Capital Investment Advisors LLC increased its holdings in shares of Inv Vk Tr Inv by 11.5% during the 3rd quarter. Capital Investment Advisors LLC now owns 14,555 shares of the investment management company’s stock worth $147,000 after acquiring an additional 1,500 shares during the last quarter. Institutional investors own 38.13% of the company’s stock.

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. The fund primarily invests in investment grade municipal securities which include municipal bonds, municipal notes, municipal commercial paper, and lease obligations.