107,994 Shares in Invesco Trust for Investment Grade Municipals (NYSE:VGM) Purchased by Absolute Investment Advisers LLC

Absolute Investment Advisers LLC acquired a new stake in shares of Invesco Trust for Investment Grade Municipals (NYSE:VGM) during the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 107,994 shares of the investment management company’s stock, valued at approximately $1,091,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Sovereign Financial Group Inc. bought a new position in shares of Invesco Trust for Investment Grade Municipals in the 3rd quarter worth about $116,000. Capital Investment Advisors LLC purchased a new stake in Invesco Trust for Investment Grade Municipals in the fourth quarter worth about $134,000. Dynamic Advisor Solutions LLC increased its stake in shares of Invesco Trust for Investment Grade Municipals by 16.1% during the third quarter. Dynamic Advisor Solutions LLC now owns 12,950 shares of the investment management company’s stock valued at $137,000 after purchasing an additional 1,800 shares in the last quarter. Kercheville Advisors LLC lifted its holdings in shares of Invesco Trust for Investment Grade Municipals by 8.3% during the third quarter. Kercheville Advisors LLC now owns 13,463 shares of the investment management company’s stock valued at $142,000 after purchasing an additional 1,027 shares during the last quarter. Finally, Janney Montgomery Scott LLC bought a new stake in shares of Invesco Trust for Investment Grade Municipals in the 4th quarter worth approximately $150,000. Hedge funds and other institutional investors own 38.13% of the company’s stock.

Invesco Trust for Investment Grade Municipals Stock Performance

Invesco Trust for Investment Grade Municipals stock opened at $10.12 on Monday. The stock’s 50 day moving average is $10.15 and its 200 day moving average is $10.29. Invesco Trust for Investment Grade Municipals has a twelve month low of $9.47 and a twelve month high of $10.70.

Invesco Trust for Investment Grade Municipals Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Friday, January 31st. Stockholders of record on Friday, January 17th were issued a dividend of $0.0646 per share. The ex-dividend date of this dividend was Friday, January 17th. This represents a $0.78 annualized dividend and a dividend yield of 7.66%.

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.