Raymond James Financial Inc. Makes New Investment in Invesco Trust for Investment Grade Municipals (NYSE:VGM)

Raymond James Financial Inc. purchased a new position in shares of Invesco Trust for Investment Grade Municipals (NYSE:VGM) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 208,943 shares of the investment management company’s stock, valued at approximately $2,110,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Capital Investment Advisors LLC acquired a new stake in Invesco Trust for Investment Grade Municipals during the 4th quarter worth approximately $134,000. Janney Montgomery Scott LLC acquired a new position in shares of Invesco Trust for Investment Grade Municipals during the fourth quarter valued at about $150,000. Avior Wealth Management LLC boosted its position in shares of Invesco Trust for Investment Grade Municipals by 23.2% during the fourth quarter. Avior Wealth Management LLC now owns 22,890 shares of the investment management company’s stock valued at $231,000 after buying an additional 4,314 shares during the last quarter. Sovereign Financial Group Inc. grew its position in Invesco Trust for Investment Grade Municipals by 130.5% in the 4th quarter. Sovereign Financial Group Inc. now owns 25,215 shares of the investment management company’s stock worth $255,000 after purchasing an additional 14,277 shares in the last quarter. Finally, HighTower Advisors LLC purchased a new stake in shares of Invesco Trust for Investment Grade Municipals during the 3rd quarter valued at $429,000. Institutional investors own 38.13% of the company’s stock.

Invesco Trust for Investment Grade Municipals Trading Up 0.2 %

Invesco Trust for Investment Grade Municipals stock opened at $9.90 on Monday. The business’s 50 day simple moving average is $10.11 and its 200 day simple moving average is $10.22. Invesco Trust for Investment Grade Municipals has a 12 month low of $9.47 and a 12 month high of $10.70.

Invesco Trust for Investment Grade Municipals Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, April 30th. Investors of record on Wednesday, April 16th will be paid a dividend of $0.0646 per share. The ex-dividend date of this dividend is Wednesday, April 16th. This represents a $0.78 dividend on an annualized basis and a dividend yield of 7.83%.

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.