Wealth Alliance Advisory Group LLC Raises Holdings in Invesco Trust for Investment Grade Municipals (NYSE:VGM)

Wealth Alliance Advisory Group LLC raised its position in shares of Invesco Trust for Investment Grade Municipals (NYSE:VGM) by 18.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 16,937 shares of the investment management company’s stock after acquiring an additional 2,665 shares during the period. Wealth Alliance Advisory Group LLC’s holdings in Invesco Trust for Investment Grade Municipals were worth $179,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in VGM. Karpus Management Inc. lifted its position in Invesco Trust for Investment Grade Municipals by 20.8% during the 1st quarter. Karpus Management Inc. now owns 3,865,590 shares of the investment management company’s stock worth $38,115,000 after acquiring an additional 666,037 shares in the last quarter. Allspring Global Investments Holdings LLC grew its holdings in Invesco Trust for Investment Grade Municipals by 80.8% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 445,360 shares of the investment management company’s stock valued at $4,574,000 after purchasing an additional 198,972 shares in the last quarter. Rothschild Investment LLC acquired a new stake in Invesco Trust for Investment Grade Municipals during the 2nd quarter valued at $1,297,000. Robinson Capital Management LLC increased its stake in Invesco Trust for Investment Grade Municipals by 16.4% during the 1st quarter. Robinson Capital Management LLC now owns 683,163 shares of the investment management company’s stock worth $6,532,000 after buying an additional 96,457 shares during the period. Finally, Quarry LP acquired a new position in Invesco Trust for Investment Grade Municipals in the 2nd quarter worth $327,000. 38.13% of the stock is currently owned by institutional investors and hedge funds.

Invesco Trust for Investment Grade Municipals Stock Performance

Shares of Invesco Trust for Investment Grade Municipals stock opened at $10.47 on Monday. Invesco Trust for Investment Grade Municipals has a 1-year low of $8.15 and a 1-year high of $10.70. The business has a 50-day moving average of $10.47 and a 200-day moving average of $10.17.

Invesco Trust for Investment Grade Municipals Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Wednesday, October 16th will be given a dividend of $0.0646 per share. This represents a $0.78 dividend on an annualized basis and a dividend yield of 7.40%. The ex-dividend date is Wednesday, October 16th.

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.