Invesco Trust for Investment GradeMncpls (NYSE:VGM) Hits New 52-Week High at $12.67

Invesco Trust for Investment GradeMncpls (NYSE:VGM)’s stock price hit a new 52-week high on Tuesday . The stock traded as high as $12.67 and last traded at $12.67, with a volume of 4240 shares. The stock had previously closed at $12.65.

The company has a 50 day moving average of $12.52.

The firm also recently disclosed a monthly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 14th were paid a $0.0516 dividend. This represents a $0.62 annualized dividend and a dividend yield of 4.88%. The ex-dividend date of this dividend was Thursday, June 13th.

Several large investors have recently modified their holdings of VGM. Karpus Management Inc. lifted its stake in shares of Invesco Trust for Investment GradeMncpls by 401.0% in the 4th quarter. Karpus Management Inc. now owns 1,854,112 shares of the investment management company’s stock worth $21,285,000 after purchasing an additional 1,484,043 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of Invesco Trust for Investment GradeMncpls by 54,633.8% in the 1st quarter. JPMorgan Chase & Co. now owns 875,740 shares of the investment management company’s stock worth $10,850,000 after purchasing an additional 874,140 shares during the period. Parametric Portfolio Associates LLC lifted its stake in shares of Invesco Trust for Investment GradeMncpls by 110.8% in the 1st quarter. Parametric Portfolio Associates LLC now owns 695,298 shares of the investment management company’s stock worth $8,615,000 after purchasing an additional 365,530 shares during the period. Delphi Financial Group Inc. bought a new position in shares of Invesco Trust for Investment GradeMncpls in the 4th quarter worth approximately $1,522,000. Finally, Robinson Capital Management LLC lifted its stake in shares of Invesco Trust for Investment GradeMncpls by 22.7% in the 1st quarter. Robinson Capital Management LLC now owns 543,319 shares of the investment management company’s stock worth $6,732,000 after purchasing an additional 100,660 shares during the period. Hedge funds and other institutional investors own 16.81% of the company’s stock.

Invesco Trust for Investment GradeMncpls Company Profile (NYSE:VGM)

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.

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