Van ECK Associates Corp Grows Stock Holdings in Invesco Trust for Investment Grade Municipals (NYSE:VGM)

Van ECK Associates Corp raised its stake in shares of Invesco Trust for Investment Grade Municipals (NYSE:VGM) by 14.0% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 409,317 shares of the investment management company’s stock after acquiring an additional 50,318 shares during the period. Van ECK Associates Corp owned approximately 0.75% of Invesco Trust for Investment Grade Municipals worth $4,048,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in VGM. Cambridge Investment Research Advisors Inc. raised its stake in shares of Invesco Trust for Investment Grade Municipals by 23.5% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 69,711 shares of the investment management company’s stock worth $593,000 after purchasing an additional 13,247 shares during the last quarter. Raymond James & Associates raised its position in Invesco Trust for Investment Grade Municipals by 7.5% during the 3rd quarter. Raymond James & Associates now owns 88,249 shares of the investment management company’s stock worth $750,000 after buying an additional 6,164 shares during the last quarter. Raymond James Financial Services Advisors Inc. lifted its stake in shares of Invesco Trust for Investment Grade Municipals by 26.5% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 26,918 shares of the investment management company’s stock worth $229,000 after acquiring an additional 5,633 shares during the period. Bank of New York Mellon Corp acquired a new stake in shares of Invesco Trust for Investment Grade Municipals in the 3rd quarter worth $218,000. Finally, Advisor Partners II LLC purchased a new stake in shares of Invesco Trust for Investment Grade Municipals in the third quarter valued at about $1,184,000. 38.13% of the stock is owned by hedge funds and other institutional investors.

Invesco Trust for Investment Grade Municipals Price Performance

NYSE VGM opened at $9.64 on Monday. Invesco Trust for Investment Grade Municipals has a 52-week low of $8.15 and a 52-week high of $10.04. The firm has a 50-day moving average price of $9.74 and a 200 day moving average price of $9.55.

Invesco Trust for Investment Grade Municipals Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, May 31st. Stockholders of record on Thursday, May 16th will be paid a dividend of $0.0388 per share. This represents a $0.47 dividend on an annualized basis and a dividend yield of 4.83%. The ex-dividend date is Wednesday, May 15th.

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.