Melone Private Wealth LLC Acquires 58,143 Shares of Inv Vk Tr Inv $VGM

Melone Private Wealth LLC boosted its holdings in shares of Inv Vk Tr Inv (NYSE:VGM) by 33.6% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 231,002 shares of the investment management company’s stock after acquiring an additional 58,143 shares during the quarter. Inv Vk Tr Inv accounts for 0.9% of Melone Private Wealth LLC’s portfolio, making the stock its 26th biggest holding. Melone Private Wealth LLC’s holdings in Inv Vk Tr Inv were worth $2,449,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the business. Advisory Services Network LLC bought a new position in shares of Inv Vk Tr Inv in the third quarter worth about $30,000. Comerica Bank increased its stake in Inv Vk Tr Inv by 85.2% in the 4th quarter. Comerica Bank now owns 5,370 shares of the investment management company’s stock worth $56,000 after buying an additional 2,470 shares during the period. Allworth Financial LP lifted its holdings in Inv Vk Tr Inv by 727.9% during the 4th quarter. Allworth Financial LP now owns 5,688 shares of the investment management company’s stock valued at $59,000 after buying an additional 5,001 shares in the last quarter. Fifth Third Bancorp bought a new stake in Inv Vk Tr Inv during the 1st quarter valued at about $81,000. Finally, Camelot Portfolios LLC purchased a new stake in Inv Vk Tr Inv in the 4th quarter valued at about $103,000. Institutional investors own 38.13% of the company’s stock.

Inv Vk Tr Inv Stock Performance

Shares of VGM stock opened at $10.40 on Monday. The company’s 50-day simple moving average is $10.34 and its two-hundred day simple moving average is $10.29. Inv Vk Tr Inv has a one year low of $9.48 and a one year high of $10.66.

Inv Vk Tr Inv Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, August 31st. Stockholders of record on Monday, August 17th will be paid a dividend of $0.0646 per share. This represents a c) annualized dividend and a dividend yield of 7.5%. The ex-dividend date of this dividend is Monday, August 17th.

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.