Inv Vk Tr Inv $VGM Shares Sold by Truist Financial Corp

Truist Financial Corp trimmed its stake in Inv Vk Tr Inv (NYSE:VGM) by 42.6% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 371,022 shares of the investment management company’s stock after selling 274,968 shares during the quarter. Truist Financial Corp’s holdings in Inv Vk Tr Inv were worth $3,848,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Advisory Services Network LLC acquired a new position in shares of Inv Vk Tr Inv during the third quarter valued at $30,000. Comerica Bank increased its holdings in shares of Inv Vk Tr Inv by 85.2% in the 4th quarter. Comerica Bank now owns 5,370 shares of the investment management company’s stock worth $56,000 after acquiring an additional 2,470 shares during the period. Camelot Portfolios LLC bought a new stake in Inv Vk Tr Inv in the 4th quarter valued at about $103,000. Concurrent Investment Advisors LLC boosted its stake in Inv Vk Tr Inv by 24.3% during the 3rd quarter. Concurrent Investment Advisors LLC now owns 12,805 shares of the investment management company’s stock valued at $130,000 after purchasing an additional 2,500 shares during the period. Finally, Capital Investment Advisors LLC boosted its stake in 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 valued at $147,000 after purchasing an additional 1,500 shares during the period. Institutional investors and hedge funds own 38.13% of the company’s stock.

Inv Vk Tr Inv Stock Performance

NYSE VGM opened at $10.42 on Tuesday. The company has a 50-day moving average price of $10.20 and a two-hundred day moving average price of $10.27. Inv Vk Tr Inv has a 52 week low of $9.37 and a 52 week high of $10.66.

Inv Vk Tr Inv Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Friday, May 29th. Stockholders of record on Thursday, May 14th will be given a dividend of $0.0646 per share. The ex-dividend date is Thursday, May 14th. This represents a c) annualized dividend and a dividend yield of 7.4%.

Inv Vk Tr Inv Company Profile

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.