Stifel Financial Corp Boosts Stake in Invesco Trust for Investment Grade Municipals (NYSE:VGM)

Stifel Financial Corp raised its position in Invesco Trust for Investment Grade Municipals (NYSE:VGM) by 1.1% during the third quarter, HoldingsChannel.com reports. The firm owned 167,271 shares of the investment management company’s stock after buying an additional 1,896 shares during the quarter. Stifel Financial Corp’s holdings in Invesco Trust for Investment Grade Municipals were worth $1,766,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Raymond James & Associates increased its position in Invesco Trust for Investment Grade Municipals by 14.8% during the 2nd quarter. Raymond James & Associates now owns 117,066 shares of the investment management company’s stock worth $1,202,000 after purchasing an additional 15,063 shares in the last quarter. Allspring Global Investments Holdings LLC grew its stake in Invesco Trust for Investment Grade Municipals by 80.8% during the second quarter. Allspring Global Investments Holdings LLC now owns 445,360 shares of the investment management company’s stock worth $4,574,000 after buying an additional 198,972 shares during the period. Rothschild Investment LLC acquired a new stake in shares of Invesco Trust for Investment Grade Municipals in the second quarter worth $1,297,000. Blue Bell Private Wealth Management LLC purchased a new position in shares of Invesco Trust for Investment Grade Municipals in the 2nd quarter valued at $158,000. Finally, Almitas Capital LLC acquired a new position in shares of Invesco Trust for Investment Grade Municipals during the 2nd quarter valued at $129,000. 38.13% of the stock is currently owned by hedge funds and other institutional investors.

Invesco Trust for Investment Grade Municipals Trading Up 0.7 %

Shares of NYSE VGM opened at $9.89 on Friday. The stock has a fifty day moving average price of $10.28 and a 200 day moving average price of $10.33. Invesco Trust for Investment Grade Municipals has a 12-month low of $9.47 and a 12-month high of $10.70.

Invesco Trust for Investment Grade Municipals Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 17th will be paid a $0.0646 dividend. The ex-dividend date of this dividend is Tuesday, December 17th. This represents a $0.78 dividend on an annualized basis and a dividend yield of 7.84%.

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.