Invesco Trust for Investment Grade Municipals (NYSE:VGM) Declares $0.05 Monthly Dividend

Invesco Trust for Investment Grade Municipals (NYSE:VGMGet Rating) announced a monthly dividend on Tuesday, July 5th, Wall Street Journal reports. Investors of record on Friday, July 15th will be paid a dividend of 0.0459 per share by the investment management company on Friday, July 29th. This represents a $0.55 dividend on an annualized basis and a dividend yield of 5.20%. The ex-dividend date is Thursday, July 14th.

Shares of NYSE:VGM opened at $10.60 on Wednesday. Invesco Trust for Investment Grade Municipals has a 12 month low of $9.91 and a 12 month high of $14.36. The company’s fifty day simple moving average is $10.61 and its 200 day simple moving average is $11.68.

Large investors have recently modified their holdings of the stock. Virtu Financial LLC acquired a new stake in shares of Invesco Trust for Investment Grade Municipals during the first quarter worth $172,000. NewEdge Advisors LLC increased its stake in Invesco Trust for Investment Grade Municipals by 25.2% in the 1st quarter. NewEdge Advisors LLC now owns 26,789 shares of the investment management company’s stock valued at $312,000 after buying an additional 5,400 shares during the last quarter. Private Advisor Group LLC acquired a new stake in Invesco Trust for Investment Grade Municipals in the 1st quarter valued at $320,000. Moors & Cabot Inc. acquired a new stake in Invesco Trust for Investment Grade Municipals in the 1st quarter valued at $383,000. Finally, Advisory Services Network LLC increased its stake in Invesco Trust for Investment Grade Municipals by 7.8% in the 1st quarter. Advisory Services Network LLC now owns 50,913 shares of the investment management company’s stock valued at $592,000 after buying an additional 3,663 shares during the last quarter. Institutional investors and hedge funds own 23.63% of the company’s stock.

Invesco Trust for Investment Grade Municipals Company Profile (Get Rating)

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.

See Also

Dividend History for Invesco Trust for Investment Grade Municipals (NYSE:VGM)

Receive News & Ratings for Invesco Trust for Investment Grade Municipals Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invesco Trust for Investment Grade Municipals and related companies with MarketBeat.com's FREE daily email newsletter.