Virtu Financial LLC Acquires 14,720 Shares of Invesco Trust for Investment Grade Municipals (NYSE:VGM)

Virtu Financial LLC increased its holdings in shares of Invesco Trust for Investment Grade Municipals (NYSE:VGM) by 79.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,168 shares of the investment management company’s stock after purchasing an additional 14,720 shares during the period. Virtu Financial LLC owned approximately 0.06% of Invesco Trust for Investment Grade Municipals worth $328,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the business. Melone Private Wealth LLC lifted its stake in Invesco Trust for Investment Grade Municipals by 1.1% in the 4th quarter. Melone Private Wealth LLC now owns 185,086 shares of the investment management company’s stock valued at $1,830,000 after acquiring an additional 1,973 shares in the last quarter. Private Trust Co. NA bought a new stake in Invesco Trust for Investment Grade Municipals in the 4th quarter valued at approximately $75,000. Truist Financial Corp lifted its stake in Invesco Trust for Investment Grade Municipals by 1.1% in the 4th quarter. Truist Financial Corp now owns 770,014 shares of the investment management company’s stock valued at $7,615,000 after acquiring an additional 8,303 shares in the last quarter. Capital Investment Advisors LLC bought a new stake in Invesco Trust for Investment Grade Municipals in the 4th quarter valued at approximately $103,000. Finally, Kingswood Wealth Advisors LLC bought a new stake in Invesco Trust for Investment Grade Municipals in the 4th quarter valued at approximately $103,000. Institutional investors own 38.13% of the company’s stock.

Invesco Trust for Investment Grade Municipals Trading Down 0.7 %

Shares of Invesco Trust for Investment Grade Municipals stock opened at $10.17 on Friday. Invesco Trust for Investment Grade Municipals has a 12-month low of $8.15 and a 12-month high of $10.25. The business’s 50 day moving average is $9.83 and its 200-day moving average is $9.80.

Invesco Trust for Investment Grade Municipals Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, June 28th. Stockholders of record on Tuesday, June 18th will be paid a dividend of $0.0646 per share. The ex-dividend date is Tuesday, June 18th. This represents a $0.78 dividend on an annualized basis and a dividend yield of 7.62%. This is a boost from Invesco Trust for Investment Grade Municipals’s previous monthly dividend of $0.04.

Invesco Trust for Investment Grade Municipals 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.