Invesco Trust for Investment GradeMncpls (NYSE:VGM) Position Boosted by Robinson Capital Management LLC

Robinson Capital Management LLC boosted its stake in shares of Invesco Trust for Investment GradeMncpls (NYSE:VGM) by 7.4% during the 4th quarter, Holdings Channel.com reports. The firm owned 665,303 shares of the investment management company’s stock after buying an additional 45,919 shares during the quarter. Invesco Trust for Investment GradeMncpls accounts for about 3.0% of Robinson Capital Management LLC’s holdings, making the stock its 9th largest position. Robinson Capital Management LLC’s holdings in Invesco Trust for Investment GradeMncpls were worth $8,549,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Cambridge Investment Research Advisors Inc. lifted its position in Invesco Trust for Investment GradeMncpls by 39.7% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 35,095 shares of the investment management company’s stock valued at $451,000 after purchasing an additional 9,969 shares in the last quarter. 6 Meridian lifted its position in shares of Invesco Trust for Investment GradeMncpls by 3.6% in the fourth quarter. 6 Meridian now owns 54,056 shares of the investment management company’s stock valued at $695,000 after acquiring an additional 1,886 shares in the last quarter. Sunbelt Securities Inc. purchased a new position in shares of Invesco Trust for Investment GradeMncpls in the third quarter valued at about $258,000. Rivernorth Capital Management LLC lifted its position in shares of Invesco Trust for Investment GradeMncpls by 904.9% in the third quarter. Rivernorth Capital Management LLC now owns 1,174,529 shares of the investment management company’s stock valued at $15,116,000 after acquiring an additional 1,057,652 shares in the last quarter. Finally, Mackay Shields LLC purchased a new position in shares of Invesco Trust for Investment GradeMncpls in the third quarter valued at about $4,587,000. Institutional investors own 15.58% of the company’s stock.

Shares of Invesco Trust for Investment GradeMncpls stock traded down $0.07 during trading hours on Friday, hitting $13.21. The company’s stock had a trading volume of 153,830 shares, compared to its average volume of 125,440. The business has a 50 day moving average price of $13.11 and a two-hundred day moving average price of $12.93. Invesco Trust for Investment GradeMncpls has a 12-month low of $12.10 and a 12-month high of $13.46.

The firm also recently disclosed a monthly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be given a $0.0493 dividend. The ex-dividend date is Thursday, February 13th. This represents a $0.59 annualized dividend and a dividend yield of 4.48%.

Invesco Trust for Investment GradeMncpls 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.

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Institutional Ownership by Quarter for Invesco Trust for Investment GradeMncpls (NYSE:VGM)

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