Commonwealth Equity Services LLC Sells 2,573 Shares of Invesco Trust for Investment Grade Municipals (NYSE:VGM)

Commonwealth Equity Services LLC lessened its position in shares of Invesco Trust for Investment Grade Municipals (NYSE:VGM) by 4.9% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 50,127 shares of the investment management company’s stock after selling 2,573 shares during the period. Commonwealth Equity Services LLC’s holdings in Invesco Trust for Investment Grade Municipals were worth $515,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Comerica Bank grew its stake in shares of Invesco Trust for Investment Grade Municipals by 661.9% during the first quarter. Comerica Bank now owns 4,000 shares of the investment management company’s stock worth $39,000 after buying an additional 3,475 shares during the last quarter. Financial Management Professionals Inc. acquired a new position in shares of Invesco Trust for Investment Grade Municipals during the first quarter valued at about $56,000. SageView Advisory Group LLC acquired a new position in shares of Invesco Trust for Investment Grade Municipals during the first quarter valued at about $92,000. Kingswood Wealth Advisors LLC acquired a new stake in shares of Invesco Trust for Investment Grade Municipals in the 2nd quarter worth about $107,000. Finally, Weiss Asset Management LP acquired a new stake in shares of Invesco Trust for Investment Grade Municipals in the 4th quarter worth about $131,000. 38.13% of the stock is currently owned by institutional investors and hedge funds.

Invesco Trust for Investment Grade Municipals Trading Down 0.2 %

NYSE:VGM opened at $10.52 on Friday. Invesco Trust for Investment Grade Municipals has a 52 week low of $8.15 and a 52 week high of $10.70. The firm has a 50-day moving average price of $10.39 and a two-hundred day moving average price of $10.08.

Invesco Trust for Investment Grade Municipals Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, September 30th. Shareholders of record on Tuesday, September 17th will be paid a $0.0646 dividend. This represents a $0.78 annualized dividend and a yield of 7.37%. The ex-dividend date is Tuesday, September 17th.

About Invesco Trust for Investment Grade Municipals

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.