Kennedy Investment Group Decreases Stock Holdings in Invesco Trust for Investment Grade Municipals (NYSE:VGM)

Kennedy Investment Group lessened its stake in Invesco Trust for Investment Grade Municipals (NYSE:VGM) by 6.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 285,641 shares of the investment management company’s stock after selling 18,665 shares during the period. Invesco Trust for Investment Grade Municipals accounts for approximately 1.4% of Kennedy Investment Group’s investment portfolio, making the stock its 17th largest holding. Kennedy Investment Group’s holdings in Invesco Trust for Investment Grade Municipals were worth $3,016,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Karpus Management Inc. boosted its position in shares of Invesco Trust for Investment Grade Municipals by 20.8% in the 1st quarter. Karpus Management Inc. now owns 3,865,590 shares of the investment management company’s stock worth $38,115,000 after purchasing an additional 666,037 shares in the last quarter. Robinson Capital Management LLC increased its holdings in shares of Invesco Trust for Investment Grade Municipals by 16.4% during the first quarter. Robinson Capital Management LLC now owns 683,163 shares of the investment management company’s stock valued at $6,532,000 after acquiring an additional 96,457 shares in the last quarter. Allspring Global Investments Holdings LLC raised its position in shares of Invesco Trust for Investment Grade Municipals by 80.8% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 445,360 shares of the investment management company’s stock valued at $4,574,000 after purchasing an additional 198,972 shares during the last quarter. Van ECK Associates Corp raised its position in shares of Invesco Trust for Investment Grade Municipals by 5.0% in the 1st quarter. Van ECK Associates Corp now owns 429,706 shares of the investment management company’s stock valued at $4,237,000 after purchasing an additional 20,389 shares during the last quarter. Finally, Indiana Trust & Investment Management Co boosted its stake in Invesco Trust for Investment Grade Municipals by 1.2% in the 3rd quarter. Indiana Trust & Investment Management Co now owns 172,492 shares of the investment management company’s stock worth $1,822,000 after purchasing an additional 2,112 shares in the last quarter. 38.13% of the stock is currently owned by institutional investors.

Invesco Trust for Investment Grade Municipals Trading Down 0.5 %

Invesco Trust for Investment Grade Municipals stock traded down $0.05 during mid-day trading on Monday, reaching $10.42. 306,306 shares of the company traded hands, compared to its average volume of 155,346. Invesco Trust for Investment Grade Municipals has a fifty-two week low of $8.15 and a fifty-two week high of $10.70. The firm’s fifty day moving average is $10.47 and its two-hundred day moving average is $10.17.

Invesco Trust for Investment Grade Municipals Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Wednesday, October 16th will be given a dividend of $0.0646 per share. The ex-dividend date is Wednesday, October 16th. This represents a $0.78 dividend on an annualized basis and a yield of 7.44%.

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.