Invesco Trust for Investment Grade Municipals (NYSE:VGM) Stock Position Cut by Sit Investment Associates Inc.

Sit Investment Associates Inc. decreased its stake in shares of Invesco Trust for Investment Grade Municipals (NYSE:VGM) by 8.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,286,766 shares of the investment management company’s stock after selling 205,051 shares during the period. Sit Investment Associates Inc.’s holdings in Invesco Trust for Investment Grade Municipals were worth $23,096,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Robinson Capital Management LLC increased its stake in shares of Invesco Trust for Investment Grade Municipals by 44.5% during the fourth quarter. Robinson Capital Management LLC now owns 1,381,874 shares of the investment management company’s stock valued at $13,957,000 after acquiring an additional 425,602 shares during the period. Van ECK Associates Corp boosted its stake in Invesco Trust for Investment Grade Municipals by 3.1% during the 4th quarter. Van ECK Associates Corp now owns 406,392 shares of the investment management company’s stock valued at $4,105,000 after purchasing an additional 12,316 shares in the last quarter. LPL Financial LLC increased its position in shares of Invesco Trust for Investment Grade Municipals by 143.4% during the 4th quarter. LPL Financial LLC now owns 361,472 shares of the investment management company’s stock valued at $3,651,000 after purchasing an additional 212,940 shares during the period. Leo Wealth LLC raised its stake in shares of Invesco Trust for Investment Grade Municipals by 1.6% in the 4th quarter. Leo Wealth LLC now owns 221,650 shares of the investment management company’s stock worth $2,239,000 after buying an additional 3,527 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new stake in shares of Invesco Trust for Investment Grade Municipals in the 4th quarter worth $2,110,000. 38.13% of the stock is currently owned by institutional investors.

Invesco Trust for Investment Grade Municipals Stock Down 2.3 %

Shares of VGM stock opened at $9.89 on Friday. The stock has a 50-day simple moving average of $10.10 and a 200 day simple moving average of $10.21. Invesco Trust for Investment Grade Municipals has a fifty-two week low of $9.47 and a fifty-two week high of $10.70.

Invesco Trust for Investment Grade Municipals Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 16th will be given a dividend of $0.0646 per share. The ex-dividend date of this dividend is Wednesday, April 16th. This represents a $0.78 annualized dividend and a dividend yield of 7.84%.

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.