HighTower Advisors LLC Cuts Stock Holdings in Invesco Trust for Investment Grade Municipals (NYSE:VGM)

HighTower Advisors LLC reduced its position in Invesco Trust for Investment Grade Municipals (NYSE:VGM) by 74.8% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 10,039 shares of the investment management company’s stock after selling 29,829 shares during the period. HighTower Advisors LLC’s holdings in Invesco Trust for Investment Grade Municipals were worth $101,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Rockefeller Capital Management L.P. increased its holdings in shares of 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 worth $640,000 after purchasing an additional 1,030 shares in the last quarter. Stifel Financial Corp boosted its position in shares of Invesco Trust for Investment Grade Municipals by 1.1% during the third quarter. Stifel Financial Corp now owns 167,271 shares of the investment management company’s stock valued at $1,766,000 after buying an additional 1,896 shares during the last quarter. Capital Investment Advisory Services LLC raised its position in Invesco Trust for Investment Grade Municipals by 3.9% in the 4th quarter. Capital Investment Advisory Services LLC now owns 56,861 shares of the investment management company’s stock worth $574,000 after buying an additional 2,126 shares during the last quarter. Melone Private Wealth LLC raised its position in 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. Finally, Indiana Trust & Investment Management Co lifted its stake in Invesco Trust for Investment Grade Municipals by 1.9% during the 4th quarter. Indiana Trust & Investment Management Co now owns 175,690 shares of the investment management company’s stock valued at $1,774,000 after acquiring an additional 3,198 shares during the period. 38.13% of the stock is owned by institutional investors.

Invesco Trust for Investment Grade Municipals Trading Down 2.3 %

Shares of VGM stock opened at $9.89 on Friday. The company has a 50 day moving average price of $10.10 and a 200-day moving average price of $10.21. Invesco Trust for Investment Grade Municipals has a 52 week low of $9.47 and a 52 week high of $10.70.

Invesco Trust for Investment Grade Municipals Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 16th will be paid a dividend of $0.0646 per share. The ex-dividend date is Wednesday, April 16th. This represents a $0.78 dividend on an annualized basis and a yield of 7.84%.

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.