Harbour Investments Inc. Increases Stock Holdings in Invesco Trust for Investment Grade Municipals (NYSE:VGM)

Harbour Investments Inc. lifted its stake in shares of Invesco Trust for Investment Grade Municipals (NYSE:VGM) by 30.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 21,679 shares of the investment management company’s stock after buying an additional 5,093 shares during the period. Harbour Investments Inc.’s holdings in Invesco Trust for Investment Grade Municipals were worth $219,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Stifel Financial Corp boosted its position in shares of Invesco Trust for Investment Grade Municipals by 1.1% during the third quarter. Stifel Financial Corp now owns 167,271 shares of the investment management company’s stock valued at $1,766,000 after buying an additional 1,896 shares during the last quarter. HighTower Advisors LLC purchased a new position in shares of Invesco Trust for Investment Grade Municipals during the third quarter valued at approximately $429,000. Van ECK Associates Corp boosted its position in shares of Invesco Trust for Investment Grade Municipals by 3.1% during the fourth quarter. Van ECK Associates Corp now owns 406,392 shares of the investment management company’s stock valued at $4,105,000 after buying an additional 12,316 shares during the last quarter. Leo Wealth LLC boosted its position in Invesco Trust for Investment Grade Municipals by 1.6% in the fourth quarter. Leo Wealth LLC now owns 221,650 shares of the investment management company’s stock worth $2,239,000 after purchasing an additional 3,527 shares during the last quarter. Finally, Janney Montgomery Scott LLC purchased a new position in Invesco Trust for Investment Grade Municipals in the fourth quarter worth $150,000. 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 $10.08 on Friday. The stock’s fifty day simple moving average is $10.12 and its two-hundred day simple moving average is $10.25. Invesco Trust for Investment Grade Municipals has a 1-year low of $9.47 and a 1-year 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 Monday, March 31st. Shareholders of record on Monday, March 17th will be given a $0.0646 dividend. The ex-dividend date of this dividend is Monday, March 17th. This represents a $0.78 annualized dividend and a yield of 7.69%.

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.