Invesco Trust for Investment Grade Municipals (NYSE:VGM) Stock Price Crosses Below 200-Day Moving Average – What’s Next?

Invesco Trust for Investment Grade Municipals (NYSE:VGM) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $10.32 and traded as low as $9.94. Invesco Trust for Investment Grade Municipals shares last traded at $9.96, with a volume of 102,980 shares traded.

Invesco Trust for Investment Grade Municipals Stock Down 1.3 %

The firm’s 50 day moving average price is $10.19 and its two-hundred day moving average price is $10.32.

Invesco Trust for Investment Grade Municipals Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Friday, January 31st. Shareholders of record on Friday, January 17th will be paid a dividend of $0.0646 per share. This represents a $0.78 annualized dividend and a yield of 7.78%. The ex-dividend date is Friday, January 17th.

Institutional Trading of Invesco Trust for Investment Grade Municipals

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Almitas Capital LLC purchased a new stake in Invesco Trust for Investment Grade Municipals during the second quarter worth about $129,000. Quarry LP purchased a new stake in Invesco Trust for Investment Grade Municipals during the 2nd quarter worth approximately $327,000. Dynamic Advisor Solutions LLC lifted its holdings in Invesco Trust for Investment Grade Municipals by 16.1% during the 3rd quarter. Dynamic Advisor Solutions LLC now owns 12,950 shares of the investment management company’s stock worth $137,000 after buying an additional 1,800 shares in the last quarter. Sovereign Financial Group Inc. acquired a new stake in Invesco Trust for Investment Grade Municipals during the 3rd quarter worth approximately $116,000. Finally, Indiana Trust & Investment Management Co boosted its position in Invesco Trust for Investment Grade Municipals by 1.2% in the 3rd quarter. Indiana Trust & Investment Management Co now owns 172,492 shares of the investment management company’s stock valued at $1,822,000 after buying an additional 2,112 shares during the period. Hedge funds and other institutional investors own 38.13% of the company’s stock.

About Invesco Trust for Investment Grade Municipals

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.