Invesco Trust for Investment Grade Municipals (NYSE:VGM) Shares Sold by Claro Advisors LLC

Claro Advisors LLC cut its stake in Invesco Trust for Investment Grade Municipals (NYSE:VGM) by 1.9% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 92,238 shares of the investment management company’s stock after selling 1,771 shares during the period. Claro Advisors LLC owned approximately 0.17% of Invesco Trust for Investment Grade Municipals worth $909,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Financial Management Professionals Inc. acquired a new stake in shares of Invesco Trust for Investment Grade Municipals during the 1st quarter worth $56,000. Private Trust Co. NA acquired a new position in shares of Invesco Trust for Investment Grade Municipals in the 4th quarter valued at about $75,000. Capital Investment Advisors LLC acquired a new stake in Invesco Trust for Investment Grade Municipals during the 4th quarter worth approximately $103,000. Kingswood Wealth Advisors LLC purchased a new position in Invesco Trust for Investment Grade Municipals in the fourth quarter valued at approximately $103,000. Finally, Alesco Advisors LLC purchased a new stake in Invesco Trust for Investment Grade Municipals during the fourth quarter worth approximately $109,000. 38.13% of the stock is currently owned by hedge funds and other institutional investors.

Invesco Trust for Investment Grade Municipals Price Performance

Shares of VGM stock opened at $10.25 on Tuesday. The company’s fifty day simple moving average is $9.92 and its 200-day simple moving average is $9.83. Invesco Trust for Investment Grade Municipals has a 52 week low of $8.15 and a 52 week high of $10.37.

Invesco Trust for Investment Grade Municipals Increases Dividend

The business also recently announced a monthly dividend, which was paid on Friday, June 28th. Investors of record on Tuesday, June 18th were issued a dividend of $0.0646 per share. This is an increase from Invesco Trust for Investment Grade Municipals’s previous monthly dividend of $0.04. This represents a $0.78 annualized dividend and a dividend yield of 7.56%. The ex-dividend date of this dividend was Tuesday, June 18th.

Invesco Trust for Investment Grade Municipals 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.