Invesco Trust for Investment Grade Municipals (NYSE:VGM) Shares Acquired by Robinson Capital Management LLC

Robinson Capital Management LLC grew its holdings in Invesco Trust for Investment Grade Municipals (NYSE:VGM) by 44.5% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 1,381,874 shares of the investment management company’s stock after acquiring an additional 425,602 shares during the quarter. Invesco Trust for Investment Grade Municipals comprises 5.6% of Robinson Capital Management LLC’s investment portfolio, making the stock its 2nd biggest holding. Robinson Capital Management LLC’s holdings in Invesco Trust for Investment Grade Municipals were worth $13,957,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Kercheville Advisors LLC boosted its stake in Invesco Trust for Investment Grade Municipals by 8.3% in the third quarter. Kercheville Advisors LLC now owns 13,463 shares of the investment management company’s stock valued at $142,000 after acquiring an additional 1,027 shares in the last quarter. Rockefeller Capital Management L.P. lifted its holdings in shares of Invesco Trust for Investment Grade Municipals by 1.7% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 60,619 shares of the investment management company’s stock valued at $640,000 after purchasing an additional 1,030 shares during the last quarter. Stifel Financial Corp boosted its position in shares of Invesco Trust for Investment Grade Municipals by 1.1% in the 3rd quarter. Stifel Financial Corp now owns 167,271 shares of the investment management company’s stock valued at $1,766,000 after purchasing an additional 1,896 shares during the period. Dakota Wealth Management grew its stake in Invesco Trust for Investment Grade Municipals by 2.3% during the 3rd quarter. Dakota Wealth Management now owns 90,000 shares of the investment management company’s stock worth $950,000 after buying an additional 2,000 shares during the last quarter. Finally, Capital Investment Advisory Services LLC increased its position in Invesco Trust for Investment Grade Municipals by 3.9% during the fourth quarter. Capital Investment Advisory Services LLC now owns 56,861 shares of the investment management company’s stock worth $574,000 after buying an additional 2,126 shares during the period. Hedge funds and other institutional investors own 38.13% of the company’s stock.

Invesco Trust for Investment Grade Municipals Price Performance

VGM stock opened at $10.18 on Tuesday. The business has a 50 day simple moving average of $10.09 and a 200-day simple moving average of $10.29. Invesco Trust for Investment Grade Municipals has a twelve month low of $9.47 and a twelve month high of $10.70.

Invesco Trust for Investment Grade Municipals Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, February 28th. Investors of record on Tuesday, February 18th will be paid a dividend of $0.0646 per share. This represents a $0.78 dividend on an annualized basis and a yield of 7.61%. The ex-dividend date of this dividend is Tuesday, February 18th.

Invesco Trust for Investment Grade Municipals Company 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.