Kennedy Investment Group Cuts Stake in Invesco Trust for Investment Grade Municipals (NYSE:VGM)

Kennedy Investment Group decreased its holdings in Invesco Trust for Investment Grade Municipals (NYSE:VGM) by 6.1% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 268,241 shares of the investment management company’s stock after selling 17,400 shares during the period. Invesco Trust for Investment Grade Municipals makes up about 1.2% of Kennedy Investment Group’s holdings, making the stock its 19th biggest holding. Kennedy Investment Group’s holdings in Invesco Trust for Investment Grade Municipals were worth $2,709,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Kercheville Advisors LLC boosted its position in Invesco Trust for Investment Grade Municipals by 8.3% during the 3rd quarter. Kercheville Advisors LLC now owns 13,463 shares of the investment management company’s stock valued at $142,000 after buying an additional 1,027 shares during the period. Rockefeller Capital Management L.P. raised its holdings in Invesco Trust for Investment Grade Municipals by 1.7% in the third quarter. Rockefeller Capital Management L.P. now owns 60,619 shares of the investment management company’s stock worth $640,000 after buying an additional 1,030 shares during the last quarter. Dynamic Advisor Solutions LLC raised its holdings in Invesco Trust for Investment Grade Municipals by 16.1% in the third 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 during the last quarter. Stifel Financial Corp raised its holdings in Invesco Trust for Investment Grade Municipals by 1.1% in the third quarter. Stifel Financial Corp now owns 167,271 shares of the investment management company’s stock worth $1,766,000 after buying an additional 1,896 shares during the last quarter. Finally, Dakota Wealth Management raised its holdings in Invesco Trust for Investment Grade Municipals by 2.3% in the third quarter. Dakota Wealth Management now owns 90,000 shares of the investment management company’s stock worth $950,000 after buying an additional 2,000 shares during the last quarter. Hedge funds and other institutional investors own 38.13% of the company’s stock.

Invesco Trust for Investment Grade Municipals Stock Down 0.4 %

Shares of Invesco Trust for Investment Grade Municipals stock opened at $10.09 on Wednesday. Invesco Trust for Investment Grade Municipals has a 52-week low of $9.47 and a 52-week high of $10.70. The company has a 50-day simple moving average of $10.15 and a two-hundred day simple moving average of $10.30.

Invesco Trust for Investment Grade Municipals Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 17th will be given a dividend of $0.0646 per share. The ex-dividend date of this dividend is Friday, January 17th. This represents a $0.78 annualized dividend and a yield of 7.69%.

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.