Invesco Trust for Investment Grade Municipals (NYSE:VGM) Position Reduced by Melone Private Wealth LLC

Melone Private Wealth LLC trimmed its position in Invesco Trust for Investment Grade Municipals (NYSE:VGM) by 9.2% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 171,649 shares of the investment management company’s stock after selling 17,422 shares during the period. Invesco Trust for Investment Grade Municipals makes up about 1.0% of Melone Private Wealth LLC’s portfolio, making the stock its 24th largest holding. Melone Private Wealth LLC’s holdings in Invesco Trust for Investment Grade Municipals were worth $1,813,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Comerica Bank lifted its holdings in shares of Invesco Trust for Investment Grade Municipals by 661.9% in the first quarter. Comerica Bank now owns 4,000 shares of the investment management company’s stock valued at $39,000 after buying an additional 3,475 shares during the period. Financial Management Professionals Inc. bought a new position in shares of Invesco Trust for Investment Grade Municipals during the 1st quarter valued at about $56,000. SageView Advisory Group LLC acquired a new position in shares of Invesco Trust for Investment Grade Municipals in the 1st quarter worth approximately $92,000. Kingswood Wealth Advisors LLC acquired a new position in shares of Invesco Trust for Investment Grade Municipals in the 2nd quarter worth approximately $107,000. Finally, Almitas Capital LLC bought a new stake in shares of Invesco Trust for Investment Grade Municipals in the 2nd quarter worth approximately $129,000. 38.13% of the stock is owned by institutional investors.

Invesco Trust for Investment Grade Municipals Trading Down 0.4 %

NYSE:VGM traded down $0.04 during trading hours on Monday, reaching $10.47. 49,699 shares of the company’s stock were exchanged, compared to its average volume of 151,981. Invesco Trust for Investment Grade Municipals has a 12 month low of $8.15 and a 12 month high of $10.70. The business’s 50-day simple moving average is $10.45 and its two-hundred day simple moving average is $10.12.

Invesco Trust for Investment Grade Municipals Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Wednesday, October 16th will be issued a dividend of $0.0646 per share. This represents a $0.78 annualized dividend and a dividend yield of 7.40%. The ex-dividend date is Wednesday, October 16th.

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.