Dakota Wealth Management Has $950,000 Position in Invesco Trust for Investment Grade Municipals (NYSE:VGM)

Dakota Wealth Management boosted its holdings in Invesco Trust for Investment Grade Municipals (NYSE:VGM) by 2.3% during the third quarter, HoldingsChannel.com reports. The fund owned 90,000 shares of the investment management company’s stock after purchasing an additional 2,000 shares during the period. Dakota Wealth Management’s holdings in Invesco Trust for Investment Grade Municipals were worth $950,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in VGM. Karpus Management Inc. increased its stake in Invesco Trust for Investment Grade Municipals by 20.8% in the first quarter. Karpus Management Inc. now owns 3,865,590 shares of the investment management company’s stock valued at $38,115,000 after acquiring an additional 666,037 shares during the period. Allspring Global Investments Holdings LLC increased its stake in Invesco Trust for Investment Grade Municipals by 80.8% in the second quarter. Allspring Global Investments Holdings LLC now owns 445,360 shares of the investment management company’s stock valued at $4,574,000 after acquiring an additional 198,972 shares during the period. Rothschild Investment LLC bought a new stake in Invesco Trust for Investment Grade Municipals in the second quarter valued at about $1,297,000. Robinson Capital Management LLC grew its stake in Invesco Trust for Investment Grade Municipals by 16.4% during the first 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 last quarter. Finally, Quarry LP bought a new stake in Invesco Trust for Investment Grade Municipals during the second quarter worth about $327,000. Institutional investors own 38.13% of the company’s stock.

Invesco Trust for Investment Grade Municipals Stock Down 0.6 %

Shares of Invesco Trust for Investment Grade Municipals stock opened at $10.17 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 firm’s 50-day moving average price is $10.46 and its two-hundred day moving average price is $10.19.

Invesco Trust for Investment Grade Municipals Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Wednesday, October 16th will be paid a dividend of $0.0646 per share. The ex-dividend date is Wednesday, October 16th. This represents a $0.78 annualized dividend and a yield of 7.62%.

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.