Invesco Trust for Investment Grade Municipals (NYSE:VGM) Stock Crosses Below 200-Day Moving Average – Here’s Why

Shares of Invesco Trust for Investment Grade Municipals (NYSE:VGM) passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $10.32 and traded as low as $9.94. Invesco Trust for Investment Grade Municipals shares last traded at $9.96, with a volume of 102,980 shares changing hands.

Invesco Trust for Investment Grade Municipals Trading Down 1.3 %

The business has a 50-day simple moving average of $10.19 and a 200-day simple moving average of $10.32.

Invesco Trust for Investment Grade Municipals Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, January 31st. Shareholders of record on Friday, January 17th will be issued a $0.0646 dividend. This represents a $0.78 dividend on an annualized basis and a yield of 7.78%. The ex-dividend date of this dividend is Friday, January 17th.

Hedge Funds Weigh In On Invesco Trust for Investment Grade Municipals

Hedge funds have recently made changes to their positions in the business. Sovereign Financial Group Inc. acquired a new position in Invesco Trust for Investment Grade Municipals during the third quarter worth $116,000. Almitas Capital LLC acquired a new stake in shares of Invesco Trust for Investment Grade Municipals during the second quarter worth approximately $129,000. Dynamic Advisor Solutions LLC boosted its holdings in shares of Invesco Trust for Investment Grade Municipals by 16.1% in the 3rd quarter. Dynamic Advisor Solutions LLC now owns 12,950 shares of the investment management company’s stock worth $137,000 after acquiring an additional 1,800 shares in the last quarter. Kercheville Advisors LLC grew its position in Invesco Trust for Investment Grade Municipals by 8.3% during the 3rd quarter. Kercheville Advisors LLC now owns 13,463 shares of the investment management company’s stock worth $142,000 after acquiring an additional 1,027 shares during the last quarter. Finally, Wealth Alliance Advisory Group LLC increased its holdings in Invesco Trust for Investment Grade Municipals by 18.7% during the 3rd quarter. Wealth Alliance Advisory Group LLC now owns 16,937 shares of the investment management company’s stock valued at $179,000 after purchasing an additional 2,665 shares in the last quarter. Institutional investors and hedge funds own 38.13% of the company’s stock.

About Invesco Trust for Investment Grade Municipals

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.