2,500 Shares in Invesco Trust for Investment Grade Municipals (NYSE:VGM) Bought by Sowell Financial Services LLC

Sowell Financial Services LLC bought a new position in shares of Invesco Trust for Investment Grade Municipals (NYSE:VGM) in the 1st quarter, Holdings Channel.com reports. The fund bought 2,500 shares of the investment management company’s stock, valued at approximately $35,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Advisory Services Network LLC grew its stake in Invesco Trust for Investment Grade Municipals by 240.1% during the 4th quarter. Advisory Services Network LLC now owns 17,004 shares of the investment management company’s stock worth $225,000 after purchasing an additional 12,004 shares in the last quarter. Cullen Frost Bankers Inc. acquired a new position in shares of Invesco Trust for Investment Grade Municipals during the 1st quarter worth about $134,000. Baird Financial Group Inc. boosted its position in shares of Invesco Trust for Investment Grade Municipals by 18.0% during the 4th quarter. Baird Financial Group Inc. now owns 95,470 shares of the investment management company’s stock worth $1,261,000 after acquiring an additional 14,563 shares in the last quarter. First Trust Advisors LP boosted its position in shares of Invesco Trust for Investment Grade Municipals by 4.8% during the 4th quarter. First Trust Advisors LP now owns 50,256 shares of the investment management company’s stock worth $664,000 after acquiring an additional 2,290 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. boosted its position in shares of Invesco Trust for Investment Grade Municipals by 7.2% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 29,802 shares of the investment management company’s stock worth $394,000 after acquiring an additional 2,000 shares in the last quarter. 17.52% of the stock is owned by hedge funds and other institutional investors.

NYSE:VGM opened at $13.95 on Friday. The business’s 50-day simple moving average is $13.85. Invesco Trust for Investment Grade Municipals has a 1 year low of $12.00 and a 1 year high of $14.08.

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, June 30th. Stockholders of record on Monday, June 14th will be given a dividend of $0.055 per share. The ex-dividend date of this dividend is Friday, June 11th. This represents a $0.66 annualized dividend and a dividend yield of 4.73%.

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.

Further Reading: Net Margin

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Institutional Ownership by Quarter for Invesco Trust for Investment Grade Municipals (NYSE:VGM)

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