Weiss Asset Management LP Buys Shares of 13,273 Invesco Trust for Investment Grade Municipals (NYSE:VGM)

Weiss Asset Management LP bought a new stake in Invesco Trust for Investment Grade Municipals (NYSE:VGMFree Report) in the fourth quarter, HoldingsChannel reports. The institutional investor bought 13,273 shares of the investment management company’s stock, valued at approximately $131,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Private Trust Co. NA acquired a new stake in Invesco Trust for Investment Grade Municipals in the fourth quarter valued at $75,000. Capital Investment Advisors LLC acquired a new stake in Invesco Trust for Investment Grade Municipals in the fourth quarter valued at $103,000. Kingswood Wealth Advisors LLC acquired a new stake in Invesco Trust for Investment Grade Municipals in the fourth quarter valued at $103,000. Alesco Advisors LLC acquired a new position in shares of Invesco Trust for Investment Grade Municipals during the 4th quarter worth $109,000. Finally, WealthBridge Capital Management LLC raised its stake in shares of Invesco Trust for Investment Grade Municipals by 29.7% during the 3rd quarter. WealthBridge Capital Management LLC now owns 18,325 shares of the investment management company’s stock worth $156,000 after buying an additional 4,200 shares during the last quarter. Institutional investors and hedge funds own 38.13% of the company’s stock.

Invesco Trust for Investment Grade Municipals Stock Up 0.2 %

NYSE:VGM opened at $9.90 on Friday. Invesco Trust for Investment Grade Municipals has a 52-week low of $8.15 and a 52-week high of $10.20. The stock has a fifty day simple moving average of $9.72 and a 200-day simple moving average of $9.72.

Invesco Trust for Investment Grade Municipals Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, June 28th. Investors of record on Tuesday, June 18th will be given a dividend of $0.0646 per share. This represents a $0.78 dividend on an annualized basis and a yield of 7.83%. The ex-dividend date of this dividend is Tuesday, June 18th. This is a boost from Invesco Trust for Investment Grade Municipals’s previous monthly dividend of $0.04.

Invesco Trust for Investment Grade Municipals 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

Want to see what other hedge funds are holding VGM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco Trust for Investment Grade Municipals (NYSE:VGMFree Report).

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

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