Invesco Trust for Investment Grade Municipals (NYSE:VGM) Stock Crosses Below 200-Day Moving Average – Here’s What Happened

Invesco Trust for Investment Grade Municipals (NYSE:VGM)’s share price passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $9.92 and traded as low as $9.47. Invesco Trust for Investment Grade Municipals shares last traded at $9.48, with a volume of 211,736 shares changing hands.

Invesco Trust for Investment Grade Municipals Price Performance

The business’s fifty day moving average price is $9.58 and its 200 day moving average price is $9.92.

Invesco Trust for Investment Grade Municipals Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, June 30th. Stockholders of record on Tuesday, June 17th will be issued a $0.0646 dividend. The ex-dividend date is Tuesday, June 17th. This represents a $0.78 dividend on an annualized basis and a dividend yield of 8.18%.

Hedge Funds Weigh In On Invesco Trust for Investment Grade Municipals

A number of institutional investors have recently modified their holdings of VGM. Robinson Capital Management LLC lifted its stake in shares of Invesco Trust for Investment Grade Municipals by 44.5% in the 4th quarter. Robinson Capital Management LLC now owns 1,381,874 shares of the investment management company’s stock worth $13,957,000 after acquiring an additional 425,602 shares during the period. Pathstone Holdings LLC lifted its stake in shares of Invesco Trust for Investment Grade Municipals by 45.6% in the 4th quarter. Pathstone Holdings LLC now owns 1,112,444 shares of the investment management company’s stock worth $11,247,000 after acquiring an additional 348,153 shares during the period. Guggenheim Capital LLC lifted its stake in shares of Invesco Trust for Investment Grade Municipals by 36.2% in the 4th quarter. Guggenheim Capital LLC now owns 729,804 shares of the investment management company’s stock worth $7,371,000 after acquiring an additional 193,954 shares during the period. LPL Financial LLC lifted its stake in shares of Invesco Trust for Investment Grade Municipals by 27.1% in the 1st quarter. LPL Financial LLC now owns 459,388 shares of the investment management company’s stock worth $4,576,000 after acquiring an additional 97,916 shares during the period. Finally, Van ECK Associates Corp lifted its stake in shares of Invesco Trust for Investment Grade Municipals by 3.1% in the 4th quarter. Van ECK Associates Corp now owns 406,392 shares of the investment management company’s stock worth $4,105,000 after acquiring an additional 12,316 shares during the period. 38.13% of the stock is owned by institutional investors and hedge funds.

About Invesco Trust for Investment Grade Municipals

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.