Van ECK Associates Corp Acquires 12,316 Shares of Invesco Trust for Investment Grade Municipals (NYSE:VGM)

Van ECK Associates Corp boosted its position in Invesco Trust for Investment Grade Municipals (NYSE:VGM) by 3.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 406,392 shares of the investment management company’s stock after purchasing an additional 12,316 shares during the quarter. Van ECK Associates Corp’s holdings in Invesco Trust for Investment Grade Municipals were worth $4,105,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Stifel Financial Corp raised its holdings in Invesco Trust for Investment Grade Municipals by 1.1% in the third 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. HighTower Advisors LLC bought a new position in Invesco Trust for Investment Grade Municipals in the 3rd quarter worth $429,000. Leo Wealth LLC increased its position in Invesco Trust for Investment Grade Municipals by 1.6% in the fourth quarter. Leo Wealth LLC now owns 221,650 shares of the investment management company’s stock worth $2,239,000 after buying an additional 3,527 shares in the last quarter. Janney Montgomery Scott LLC bought a new position in shares of Invesco Trust for Investment Grade Municipals in the fourth quarter worth about $150,000. Finally, Kercheville Advisors LLC raised its position in shares of Invesco Trust for Investment Grade Municipals by 8.3% during the 3rd 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 period. 38.13% of the stock is currently owned by institutional investors.

Invesco Trust for Investment Grade Municipals Stock Up 0.5 %

NYSE VGM opened at $10.20 on Thursday. Invesco Trust for Investment Grade Municipals has a twelve month low of $9.47 and a twelve month high of $10.70. The business has a 50-day moving average price of $10.08 and a 200-day moving average price of $10.28.

Invesco Trust for Investment Grade Municipals Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, February 28th. Investors of record on Tuesday, February 18th will be paid a dividend of $0.0646 per share. The ex-dividend date is Tuesday, February 18th. This represents a $0.78 annualized dividend and a yield of 7.60%.

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.