HighTower Advisors LLC Makes New $429,000 Investment in Invesco Trust for Investment Grade Municipals (NYSE:VGM)

HighTower Advisors LLC acquired a new stake in Invesco Trust for Investment Grade Municipals (NYSE:VGM) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 39,868 shares of the investment management company’s stock, valued at approximately $429,000.

A number of other hedge funds also recently modified their holdings of VGM. Kercheville Advisors LLC grew its position in shares of Invesco Trust for Investment Grade Municipals by 8.3% in the third quarter. Kercheville Advisors LLC now owns 13,463 shares of the investment management company’s stock valued at $142,000 after purchasing an additional 1,027 shares during the last quarter. Rockefeller Capital Management L.P. grew its holdings in Invesco Trust for Investment Grade Municipals by 1.7% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 60,619 shares of the investment management company’s stock valued at $640,000 after buying an additional 1,030 shares in the last quarter. Dynamic Advisor Solutions LLC grew its holdings in Invesco Trust for Investment Grade Municipals by 16.1% in the 3rd quarter. Dynamic Advisor Solutions LLC now owns 12,950 shares of the investment management company’s stock valued at $137,000 after buying an additional 1,800 shares in the last quarter. Dakota Wealth Management increased its position in Invesco Trust for Investment Grade Municipals by 2.3% during the 3rd quarter. Dakota Wealth Management now owns 90,000 shares of the investment management company’s stock worth $950,000 after buying an additional 2,000 shares during the period. Finally, Indiana Trust & Investment Management Co lifted its holdings in shares of Invesco Trust for Investment Grade Municipals by 1.2% during the third quarter. Indiana Trust & Investment Management Co now owns 172,492 shares of the investment management company’s stock worth $1,822,000 after buying an additional 2,112 shares in the last quarter. Institutional investors and hedge funds own 38.13% of the company’s stock.

Invesco Trust for Investment Grade Municipals Stock Performance

VGM stock opened at $9.89 on Friday. Invesco Trust for Investment Grade Municipals has a 52 week low of $9.47 and a 52 week high of $10.70. The company’s 50-day simple moving average is $10.28 and its 200 day simple moving average is $10.34.

Invesco Trust for Investment Grade Municipals Announces Dividend

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

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.