Inv Vk Tr Inv (NYSE:VGM – Get Free Report)’s share price crossed below its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $10.03 and traded as low as $9.08. Inv Vk Tr Inv shares last traded at $9.1120, with a volume of 184,482 shares traded.
Inv Vk Tr Inv Price Performance
The firm has a fifty day moving average of $9.53 and a 200-day moving average of $10.03.
Inv Vk Tr Inv Increases Dividend
The business also recently announced a monthly dividend, which will be paid on Friday, October 30th. Stockholders of record on Wednesday, October 14th will be paid a $0.0646 dividend. This represents a $0.78 dividend on an annualized basis and a dividend yield of 8.6%. This is an increase from Inv Vk Tr Inv’s previous monthly dividend of $0.0646. The ex-dividend date is Wednesday, October 14th.
Institutional Investors Weigh In On Inv Vk Tr Inv
Several hedge funds have recently modified their holdings of VGM. Fifth Third Bancorp acquired a new stake in Inv Vk Tr Inv in the first quarter valued at approximately $81,000. Private Client Services LLC purchased a new stake in shares of Inv Vk Tr Inv during the third quarter valued at approximately $100,000. Quadcap Wealth Management LLC acquired a new position in shares of Inv Vk Tr Inv during the first quarter worth $121,000. Clark Asset Management LLC acquired a new position in shares of Inv Vk Tr Inv during the second quarter worth $123,000. Finally, Susquehanna International Group LLP acquired a new position in shares of Inv Vk Tr Inv during the second quarter worth $127,000. 38.13% of the stock is currently owned by hedge funds and other institutional investors.
About Inv Vk Tr Inv
Invesco Trust for Investment Grade Municipals is a closed-end investment company listed on the New York Stock Exchange under the symbol VGM. The fund seeks to provide current income that is exempt from regular federal income tax by investing primarily in investment-grade municipal securities.
The fund’s portfolio may include bonds issued by state and local governments, public authorities and other qualifying municipal entities across the United States. These securities generally finance public infrastructure and services such as schools, transportation systems, utilities and healthcare facilities.
VGM is managed by Invesco, a global investment management firm.
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