Inv Vk Tr Inv (VGM) to Issue Monthly Dividend of $0.06 on March 31st

Inv Vk Tr Inv (NYSE:VGM) declared a monthly dividend on Monday, March 2nd. Investors of record on Monday, March 16th will be paid a dividend of 0.0646 per share by the investment management company on Tuesday, March 31st. This represents a c) annualized dividend and a yield of 7.5%. The ex-dividend date is Monday, March 16th.

Inv Vk Tr Inv Price Performance

NYSE:VGM traded up $0.03 during mid-day trading on Friday, reaching $10.35. 134,607 shares of the stock were exchanged, compared to its average volume of 137,877. The business has a fifty day moving average price of $10.42 and a 200 day moving average price of $10.22. Inv Vk Tr Inv has a 1-year low of $9.28 and a 1-year high of $10.66.

Hedge Funds Weigh In On Inv Vk Tr Inv

Several hedge funds have recently made changes to their positions in the business. Jones Financial Companies Lllp acquired a new stake in Inv Vk Tr Inv during the first quarter valued at approximately $253,000. Envestnet Asset Management Inc. bought a new position in shares of Inv Vk Tr Inv in the second quarter valued at $559,000. Prospera Financial Services Inc lifted its position in shares of Inv Vk Tr Inv by 81.7% during the 2nd quarter. Prospera Financial Services Inc now owns 28,356 shares of the investment management company’s stock valued at $269,000 after acquiring an additional 12,750 shares during the last quarter. Cetera Investment Advisers lifted its position in shares of Inv Vk Tr Inv by 152.5% during the 2nd quarter. Cetera Investment Advisers now owns 60,776 shares of the investment management company’s stock valued at $577,000 after acquiring an additional 36,707 shares during the last quarter. Finally, WealthBridge Capital Management LLC boosted its stake in shares of Inv Vk Tr Inv by 12.5% during the 2nd quarter. WealthBridge Capital Management LLC now owns 22,500 shares of the investment management company’s stock worth $214,000 after acquiring an additional 2,500 shares in the last quarter. Institutional investors and hedge funds own 38.13% of the company’s stock.

About Inv Vk Tr Inv

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. The fund primarily invests in investment grade municipal securities which include municipal bonds, municipal notes, municipal commercial paper, and lease obligations.