Claro Advisors LLC Trims Stake in Invesco Trust for Investment Grade Municipals (NYSE:VGM)

Claro Advisors LLC reduced its holdings in shares of Invesco Trust for Investment Grade Municipals (NYSE:VGM) by 82.6% in the third quarter, Holdings Channel reports. The institutional investor owned 16,136 shares of the investment management company’s stock after selling 76,756 shares during the period. Claro Advisors LLC’s holdings in Invesco Trust for Investment Grade Municipals were worth $170,000 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. Dynamic Advisor Solutions LLC boosted its position 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 purchasing an additional 1,800 shares during the period. Indiana Trust & Investment Management Co boosted its position in shares of Invesco Trust for Investment Grade Municipals by 1.2% in the third quarter. Indiana Trust & Investment Management Co now owns 172,492 shares of the investment management company’s stock worth $1,822,000 after purchasing an additional 2,112 shares during the period. Hennion & Walsh Asset Management Inc. boosted its position in shares of Invesco Trust for Investment Grade Municipals by 5.8% in the second quarter. Hennion & Walsh Asset Management Inc. now owns 56,535 shares of the investment management company’s stock worth $581,000 after purchasing an additional 3,099 shares during the period. Comerica Bank boosted its position in shares of Invesco Trust for Investment Grade Municipals by 661.9% in the first quarter. Comerica Bank now owns 4,000 shares of the investment management company’s stock worth $39,000 after purchasing an additional 3,475 shares during the period. Finally, Financial Management Professionals Inc. bought a new position in shares of Invesco Trust for Investment Grade Municipals in the first quarter worth approximately $56,000. 38.13% of the stock is owned by hedge funds and other institutional investors.

Invesco Trust for Investment Grade Municipals Trading Up 0.5 %

VGM 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 company has a 50 day simple moving average of $10.47 and a two-hundred day simple moving average of $10.17.

Invesco Trust for Investment Grade Municipals Announces Dividend

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

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.