Sovereign Financial Group Inc. Has $255,000 Stock Holdings in Invesco Trust for Investment Grade Municipals (NYSE:VGM)

Sovereign Financial Group Inc. raised its stake in Invesco Trust for Investment Grade Municipals (NYSE:VGM) by 130.5% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 25,215 shares of the investment management company’s stock after buying an additional 14,277 shares during the period. Sovereign Financial Group Inc.’s holdings in Invesco Trust for Investment Grade Municipals were worth $255,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of VGM. Pathstone Holdings LLC boosted its stake in shares of Invesco Trust for Investment Grade Municipals by 27.3% during the third quarter. Pathstone Holdings LLC now owns 764,291 shares of the investment management company’s stock valued at $8,071,000 after purchasing an additional 163,705 shares in the last quarter. HighTower Advisors LLC bought a new position in Invesco Trust for Investment Grade Municipals in the 3rd quarter valued at approximately $429,000. Quarry LP bought a new position in Invesco Trust for Investment Grade Municipals in the 2nd quarter valued at approximately $327,000. Leo Wealth LLC boosted its position in Invesco Trust for Investment Grade Municipals by 11.5% during the 3rd quarter. Leo Wealth LLC now owns 218,123 shares of the investment management company’s stock worth $2,303,000 after buying an additional 22,415 shares during the period. Finally, Claro Advisors LLC grew its holdings in Invesco Trust for Investment Grade Municipals by 15.4% during the 3rd quarter. Claro Advisors LLC now owns 107,165 shares of the investment management company’s stock worth $1,132,000 after acquiring an additional 14,273 shares during the last quarter. Institutional investors own 38.13% of the company’s stock.

Invesco Trust for Investment Grade Municipals Stock Up 1.3 %

VGM stock opened at $10.07 on Thursday. The company has a fifty day moving average price of $10.17 and a 200-day moving average price of $10.32. Invesco Trust for Investment Grade Municipals has a 52-week low of $9.47 and a 52-week high of $10.70.

Invesco Trust for Investment Grade Municipals Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Friday, January 31st. Shareholders of record on Friday, January 17th will be issued a dividend of $0.0646 per share. This represents a $0.78 annualized dividend and a yield of 7.70%. The ex-dividend date of this dividend is Friday, January 17th.

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.