Claro Advisors LLC Sells 1,771 Shares of Invesco Trust for Investment Grade Municipals (NYSE:VGM)

Claro Advisors LLC trimmed its holdings in shares of Invesco Trust for Investment Grade Municipals (NYSE:VGM) by 1.9% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 92,238 shares of the investment management company’s stock after selling 1,771 shares during the quarter. Claro Advisors LLC’s holdings in Invesco Trust for Investment Grade Municipals were worth $909,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Financial Management Professionals Inc. purchased a new stake in shares of Invesco Trust for Investment Grade Municipals in the 1st quarter worth $56,000. Private Trust Co. NA purchased a new stake in Invesco Trust for Investment Grade Municipals in the fourth quarter worth about $75,000. Capital Investment Advisors LLC bought a new position in shares of Invesco Trust for Investment Grade Municipals in the fourth quarter worth about $103,000. Kingswood Wealth Advisors LLC purchased a new position in shares of Invesco Trust for Investment Grade Municipals during the 4th quarter valued at about $103,000. Finally, Alesco Advisors LLC bought a new position in shares of Invesco Trust for Investment Grade Municipals during the 4th quarter valued at approximately $109,000. 38.13% of the stock is owned by hedge funds and other institutional investors.

Invesco Trust for Investment Grade Municipals Price Performance

Invesco Trust for Investment Grade Municipals stock opened at $10.25 on Tuesday. Invesco Trust for Investment Grade Municipals has a 12-month low of $8.15 and a 12-month high of $10.37. The firm has a 50 day moving average of $9.92 and a 200 day moving average of $9.83.

Invesco Trust for Investment Grade Municipals Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, June 28th. Stockholders of record on Tuesday, June 18th were given a dividend of $0.0646 per share. This represents a $0.78 annualized dividend and a dividend yield of 7.56%. This is an increase from Invesco Trust for Investment Grade Municipals’s previous monthly dividend of $0.04. The ex-dividend date was Tuesday, June 18th.

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.