Inv Vk Tr Inv Declares Monthly Dividend of $0.06 (NYSE:VGM)

Inv Vk Tr Inv (NYSE:VGM) declared a monthly dividend on Tuesday, September 1st. Shareholders of record on Monday, September 14th will be given a dividend of 0.0646 per share by the investment management company on Wednesday, September 30th. This represents a c) dividend on an annualized basis and a yield of 7.6%. The ex-dividend date of this dividend is Monday, September 14th.

Inv Vk Tr Inv Price Performance

Shares of Inv Vk Tr Inv stock opened at $10.14 on Wednesday. Inv Vk Tr Inv has a 12 month low of $9.50 and a 12 month high of $10.66. The business has a fifty day simple moving average of $10.39 and a two-hundred day simple moving average of $10.29.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the business. Advisory Services Network LLC bought a new stake in Inv Vk Tr Inv during the third quarter worth about $30,000. Comerica Bank increased its stake in shares of Inv Vk Tr Inv by 85.2% during the fourth quarter. Comerica Bank now owns 5,370 shares of the investment management company’s stock valued at $56,000 after purchasing an additional 2,470 shares in the last quarter. Allworth Financial LP increased its stake in shares of Inv Vk Tr Inv by 727.9% during the fourth quarter. Allworth Financial LP now owns 5,688 shares of the investment management company’s stock valued at $59,000 after purchasing an additional 5,001 shares in the last quarter. Fifth Third Bancorp purchased a new position in shares of Inv Vk Tr Inv during the first quarter valued at approximately $81,000. Finally, Quadcap Wealth Management LLC purchased a new position in shares of Inv Vk Tr Inv during the first quarter valued at approximately $121,000. 38.13% of the stock is owned by hedge funds and other institutional investors.

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.