Invesco Trust for Investment Grade Municipals (NYSE:VGM) Hits New 12-Month Low at $10.84

Invesco Trust for Investment Grade Municipals (NYSE:VGMGet Rating)’s share price hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $10.84 and last traded at $10.97, with a volume of 234397 shares trading hands. The stock had previously closed at $11.04.

The company’s 50-day simple moving average is $11.74.

The company also recently disclosed a monthly dividend, which will be paid on Friday, April 29th. Investors of record on Monday, April 18th will be issued a $0.0494 dividend. This represents a $0.59 annualized dividend and a yield of 5.40%. The ex-dividend date of this dividend is Thursday, April 14th.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Guggenheim Capital LLC boosted its stake in Invesco Trust for Investment Grade Municipals by 7.9% in the 4th quarter. Guggenheim Capital LLC now owns 1,449,246 shares of the investment management company’s stock worth $20,247,000 after purchasing an additional 106,630 shares during the period. UBS Group AG boosted its stake in Invesco Trust for Investment Grade Municipals by 1.9% in the 3rd quarter. UBS Group AG now owns 515,660 shares of the investment management company’s stock worth $7,060,000 after purchasing an additional 9,742 shares during the period. Wells Fargo & Company MN boosted its stake in Invesco Trust for Investment Grade Municipals by 1.5% in the 4th quarter. Wells Fargo & Company MN now owns 437,019 shares of the investment management company’s stock worth $6,105,000 after purchasing an additional 6,357 shares during the period. Bank of America Corp DE boosted its stake in Invesco Trust for Investment Grade Municipals by 7.4% in the 4th quarter. Bank of America Corp DE now owns 413,730 shares of the investment management company’s stock worth $5,779,000 after purchasing an additional 28,513 shares during the period. Finally, Morgan Stanley boosted its stake in Invesco Trust for Investment Grade Municipals by 3.8% in the 3rd quarter. Morgan Stanley now owns 367,484 shares of the investment management company’s stock worth $5,031,000 after purchasing an additional 13,334 shares during the period. Institutional investors and hedge funds own 23.81% of the company’s stock.

Invesco Trust for Investment Grade Municipals Company Profile (NYSE:VGM)

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.

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