Inv Vk Tr Inv (NYSE:VGM) Reaches New 1-Year Low – Time to Sell?

Inv Vk Tr Inv (NYSE:VGM)’s share price reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as $9.55 and last traded at $9.57, with a volume of 186475 shares changing hands. The stock had previously closed at $9.65.

Inv Vk Tr Inv Price Performance

The stock’s 50-day moving average is $10.15 and its 200-day moving average is $10.21.

Inv Vk Tr Inv Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Investors of record on Monday, September 14th will be given a $0.0646 dividend. The ex-dividend date is Monday, September 14th. This represents a c) dividend on an annualized basis and a dividend yield of 8.3%.

Institutional Investors Weigh In On Inv Vk Tr Inv

A number of large investors have recently made changes to their positions in the company. Hennion & Walsh Asset Management Inc. grew its position in Inv Vk Tr Inv by 27.5% during the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 1,247,281 shares of the investment management company’s stock worth $13,221,000 after purchasing an additional 269,066 shares in the last quarter. NewEdge Advisors LLC lifted its stake in Inv Vk Tr Inv by 96.2% in the 2nd quarter. NewEdge Advisors LLC now owns 136,864 shares of the investment management company’s stock worth $1,451,000 after acquiring an additional 67,094 shares in the last quarter. Cetera Investment Advisers boosted its position in Inv Vk Tr Inv by 46.0% during the 1st quarter. Cetera Investment Advisers now owns 187,141 shares of the investment management company’s stock worth $1,847,000 after acquiring an additional 58,961 shares during the period. Melone Private Wealth LLC grew its stake in Inv Vk Tr Inv by 33.6% during the 2nd quarter. Melone Private Wealth LLC now owns 231,002 shares of the investment management company’s stock valued at $2,449,000 after acquiring an additional 58,143 shares in the last quarter. Finally, Worth Asset Management LLC acquired a new position in shares of Inv Vk Tr Inv in the 2nd quarter valued at about $530,000. Institutional investors and hedge funds own 38.13% of the company’s stock.

About Inv Vk Tr Inv

Invesco Trust for Investment Grade Municipals is a closed-end management investment company listed on the New York Stock Exchange under the symbol VGM. The fund is designed to provide investors with a high level of current income that is generally exempt from regular U.S. federal income tax.

The fund invests primarily in municipal securities issued by states, counties, cities and other governmental entities, as well as related public authorities. Its portfolio focuses on investment-grade municipal bonds and may include securities financing public services and infrastructure such as transportation, education, utilities and health care.

VGM is advised by Invesco, a global investment management firm.