Claro Advisors LLC Sells 2,624 Shares of Invesco Trust for Investment Grade Municipals (NYSE:VGM)

Claro Advisors LLC lowered its stake in shares of Invesco Trust for Investment Grade Municipals (NYSE:VGM) by 2.4% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 104,541 shares of the investment management company’s stock after selling 2,624 shares during the period. Claro Advisors LLC’s holdings in Invesco Trust for Investment Grade Municipals were worth $1,056,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Stifel Financial Corp grew its position in Invesco Trust for Investment Grade Municipals by 1.1% in the 3rd quarter. Stifel Financial Corp now owns 167,271 shares of the investment management company’s stock worth $1,766,000 after purchasing an additional 1,896 shares during the period. HighTower Advisors LLC bought a new stake in shares of Invesco Trust for Investment Grade Municipals during the 3rd quarter valued at about $429,000. Almitas Capital LLC bought a new stake in shares of Invesco Trust for Investment Grade Municipals during the 2nd quarter valued at about $129,000. Indiana Trust & Investment Management Co lifted its stake in shares of 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 during the period. Finally, Quarry LP purchased a new position in shares of Invesco Trust for Investment Grade Municipals in the second quarter worth approximately $327,000. Hedge funds and other institutional investors own 38.13% of the company’s stock.

Invesco Trust for Investment Grade Municipals Stock Down 0.2 %

VGM stock traded down $0.02 during midday trading on Monday, reaching $9.92. 44,210 shares of the company’s stock traded hands, compared to its average volume of 120,616. Invesco Trust for Investment Grade Municipals has a 52-week low of $9.47 and a 52-week high of $10.70. The stock’s 50-day moving average is $10.19 and its 200 day moving average is $10.32.

Invesco Trust for Investment Grade Municipals Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, January 31st. Shareholders of record on Friday, January 17th will be issued a dividend of $0.0646 per share. This represents a $0.78 annualized dividend and a yield of 7.81%. The ex-dividend date is Friday, January 17th.

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.