Janney Montgomery Scott LLC Invests $150,000 in Invesco Trust for Investment Grade Municipals (NYSE:VGM)

Janney Montgomery Scott LLC bought a new position in Invesco Trust for Investment Grade Municipals (NYSE:VGM) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 14,861 shares of the investment management company’s stock, valued at approximately $150,000.

Several other institutional investors have also recently made changes to their positions in the company. Pathstone Holdings LLC boosted its holdings in shares of Invesco Trust for Investment Grade Municipals by 27.3% in the 3rd quarter. Pathstone Holdings LLC now owns 764,291 shares of the investment management company’s stock worth $8,071,000 after buying an additional 163,705 shares during the last quarter. Leo Wealth LLC boosted its holdings in shares of Invesco Trust for Investment Grade Municipals by 11.5% in the 3rd quarter. Leo Wealth LLC now owns 218,123 shares of the investment management company’s stock worth $2,303,000 after buying an additional 22,415 shares during the last quarter. Melone Private Wealth LLC boosted its holdings in shares of Invesco Trust for Investment Grade Municipals by 1.6% in the 4th quarter. Melone Private Wealth LLC now owns 174,333 shares of the investment management company’s stock worth $1,761,000 after buying an additional 2,684 shares during the last quarter. Stifel Financial Corp boosted its holdings in shares of Invesco Trust for Investment Grade Municipals by 1.1% in the 3rd quarter. Stifel Financial Corp now owns 167,271 shares of the investment management company’s stock worth $1,766,000 after buying an additional 1,896 shares during the last quarter. Finally, Claro Advisors LLC boosted its holdings in shares of Invesco Trust for Investment Grade Municipals by 15.4% in the 3rd quarter. Claro Advisors LLC now owns 107,165 shares of the investment management company’s stock worth $1,132,000 after buying an additional 14,273 shares during the last quarter. Institutional investors own 38.13% of the company’s stock.

Invesco Trust for Investment Grade Municipals Price Performance

Shares of NYSE:VGM opened at $10.10 on Friday. The company’s 50-day moving average is $10.11 and its 200 day moving average is $10.29. Invesco Trust for Investment Grade Municipals has a fifty-two week low of $9.47 and a fifty-two week high of $10.70.

Invesco Trust for Investment Grade Municipals Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Friday, February 28th. Shareholders of record on Tuesday, February 18th will be issued a dividend of $0.0646 per share. This represents a $0.78 annualized dividend and a yield of 7.68%. The ex-dividend date is Tuesday, February 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.