Stifel Financial Corp Boosts Stock Position in Invesco Trust for Investment Grade Municipals (NYSE:VGM)

Stifel Financial Corp grew its position in shares of Invesco Trust for Investment Grade Municipals (NYSE:VGM) by 1.1% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 167,271 shares of the investment management company’s stock after buying an additional 1,896 shares during the quarter. Stifel Financial Corp’s holdings in Invesco Trust for Investment Grade Municipals were worth $1,766,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Almitas Capital LLC purchased a new stake in shares of Invesco Trust for Investment Grade Municipals during the 2nd quarter worth $129,000. Raymond James & Associates grew its stake in Invesco Trust for Investment Grade Municipals by 14.8% in the 2nd quarter. Raymond James & Associates now owns 117,066 shares of the investment management company’s stock valued at $1,202,000 after acquiring an additional 15,063 shares during the last quarter. Indiana Trust & Investment Management Co grew its position in shares of Invesco Trust for Investment Grade Municipals by 1.2% in the third quarter. Indiana Trust & Investment Management Co now owns 172,492 shares of the investment management company’s stock valued at $1,822,000 after purchasing an additional 2,112 shares during the last quarter. Quarry LP purchased a new position in Invesco Trust for Investment Grade Municipals during the second quarter worth $327,000. Finally, Allspring Global Investments Holdings LLC increased its position in Invesco Trust for Investment Grade Municipals by 80.8% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 445,360 shares of the investment management company’s stock worth $4,574,000 after purchasing an additional 198,972 shares in the last quarter. Institutional investors and hedge funds own 38.13% of the company’s stock.

Invesco Trust for Investment Grade Municipals Price Performance

NYSE:VGM opened at $9.89 on Friday. Invesco Trust for Investment Grade Municipals has a 1-year low of $9.47 and a 1-year high of $10.70. The firm has a 50 day simple moving average of $10.28 and a 200-day simple moving average of $10.33.

Invesco Trust for Investment Grade Municipals Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 17th will be given a $0.0646 dividend. This represents a $0.78 dividend on an annualized basis and a dividend yield of 7.84%. The ex-dividend date is Tuesday, December 17th.

About Invesco Trust for Investment Grade Municipals

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.