Absolute Investment Advisers LLC Acquires New Shares in Invesco Trust for Investment Grade Municipals (NYSE:VGM)

Absolute Investment Advisers LLC bought a new stake in shares of Invesco Trust for Investment Grade Municipals (NYSE:VGM) during the 4th quarter, HoldingsChannel reports. The firm bought 107,994 shares of the investment management company’s stock, valued at approximately $1,091,000.

A number of other institutional investors and hedge funds have also modified their holdings of the business. 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 bought a new position in Invesco Trust for Investment Grade Municipals during the 3rd quarter valued at about $429,000. Indiana Trust & Investment Management Co boosted its holdings in shares of Invesco Trust for Investment Grade Municipals by 1.2% during the 3rd quarter. Indiana Trust & Investment Management Co now owns 172,492 shares of the investment management company’s stock valued at $1,822,000 after acquiring an additional 2,112 shares during the last quarter. Dynamic Advisor Solutions LLC grew its stake in shares of Invesco Trust for Investment Grade Municipals by 16.1% in the third quarter. Dynamic Advisor Solutions LLC now owns 12,950 shares of the investment management company’s stock worth $137,000 after acquiring an additional 1,800 shares during the period. Finally, Kercheville Advisors LLC raised its holdings in shares of Invesco Trust for Investment Grade Municipals by 8.3% during the third quarter. Kercheville Advisors LLC now owns 13,463 shares of the investment management company’s stock valued at $142,000 after purchasing an additional 1,027 shares during the last quarter. Institutional investors own 38.13% of the company’s stock.

Invesco Trust for Investment Grade Municipals Stock Performance

Shares of Invesco Trust for Investment Grade Municipals stock opened at $10.12 on Monday. Invesco Trust for Investment Grade Municipals has a twelve month low of $9.47 and a twelve month high of $10.70. The company’s 50 day moving average is $10.15 and its 200 day moving average is $10.29.

Invesco Trust for Investment Grade Municipals Announces Dividend

The company also recently declared a monthly dividend, which was paid on Friday, January 31st. Stockholders of record on Friday, January 17th were issued a dividend of $0.0646 per share. The ex-dividend date was Friday, January 17th. This represents a $0.78 annualized dividend and a dividend yield of 7.66%.

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.