Invesco Trust for Investment Grade Municipals (NYSE:VGM) announced a $0.05 monthly dividend

Invesco Trust for Municipal Investment Rating (NYSE:VGM – Get Rating ) declared a monthly dividend on Tuesday, July 5th, Wall Street Journal reports. Stockholders of record on Friday, July 15th will be given a dividend of 0.0459 per share by the investment management company on Friday, July 29th. This represents an annualized dividend of $0.55 and a dividend yield of 5.20%. The ex-dividend date of this dividend is Thursday, July 14th.

Shares of NYSE VGM traded up $0.07 during midday trading on Tuesday, reaching $10.60. 2,676 shares of the stock were exchanged at an average volume of 166,524. The business has a 50-day simple moving average of $10.61 and a 200-day simple moving average of $11.68. Invesco Trust for Investment Grade Municipals has a 12-month low of $9.91 and a 12-month high of $14.36.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Guggenheim Capital LLC lifted its position in shares of Invesco Trust for Investment Grade Municipals by 7.8% in the first quarter. Guggenheim Capital LLC now owns 1,562,221 shares of the investment management company’s stock valued at $18,152,000 after buying an additional 112,975 shares during the last quarter. Invesco Ltd. boosted its holdings in shares of Invesco Trust for Investment Grade Municipals by 37.2% during the first quarter. Invesco Ltd. now owns 173,039 shares of the investment management company’s stock valued at $2,011,000 after acquiring an additional 46,895 shares during the period. First Trust Advisors LP boosted its holdings in shares of Invesco Trust for Investment Grade Municipals by 1.6% in the first quarter. First Trust Advisors LP now owns 113,085 shares of the investment management company’s stock worth $1,314,000 after acquiring an additional 1,770 shares during the period. Raymond James Financial Services Advisors Inc. boosted its holdings in shares of Invesco Trust for Investment Grade Municipals by 2.9% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 69,421 shares of the investment management company’s stock valued at $807,000 after acquiring an additional 1,938 shares during the period. Finally, Advisory Services Network LLC boosted its holdings in shares of Invesco Trust for Investment Grade Municipals by 7.8% in the first quarter. Advisory Services Network LLC now owns 50,913 shares of the investment management company’s stock worth $592,000 after acquiring an additional 3,663 shares during the period. 23.63% of the shares are currently owned by institutional investors.

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About Invesco Investment Grade Municipal Trust (Get Rating)

Invesco Trust for Investment Grade Municipals is a closed-end fixed income mutual fund launched by Invesco Ltd. The fund is jointly 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 Invests in the fixed-income markets income in the United States.

See also

Dividend History for Invesco Trust for Investment Grade Municipals (NYSE:VGM)

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