Moors & Cabot Inc. Sells 19,000 Shares of Invesco Trust for Investment Grade Municipals (NYSE:VGM)

Moors & Cabot Inc. lessened its stake in shares of Invesco Trust for Investment Grade Municipals (NYSE:VGM) by 57.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 14,000 shares of the investment management company’s stock after selling 19,000 shares during the quarter. Moors & Cabot Inc.’s holdings in Invesco Trust for Investment Grade Municipals were worth $136,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of VGM. Sit Investment Associates Inc. boosted its position in Invesco Trust for Investment Grade Municipals by 52.9% during the 1st quarter. Sit Investment Associates Inc. now owns 2,901,272 shares of the investment management company’s stock valued at $28,839,000 after acquiring an additional 1,003,668 shares in the last quarter. Morgan Stanley boosted its position in shares of Invesco Trust for Investment Grade Municipals by 34.1% in the 4th quarter. Morgan Stanley now owns 1,030,528 shares of the investment management company’s stock worth $10,357,000 after purchasing an additional 262,276 shares in the last quarter. Truist Financial Corp boosted its position in shares of Invesco Trust for Investment Grade Municipals by 55.0% in the 4th quarter. Truist Financial Corp now owns 598,096 shares of the investment management company’s stock worth $6,011,000 after purchasing an additional 212,348 shares in the last quarter. Rockefeller Capital Management L.P. boosted its position in shares of Invesco Trust for Investment Grade Municipals by 16,176.2% in the 1st quarter. Rockefeller Capital Management L.P. now owns 195,966 shares of the investment management company’s stock worth $1,947,000 after purchasing an additional 194,762 shares in the last quarter. Finally, Bramshill Investments LLC boosted its position in shares of Invesco Trust for Investment Grade Municipals by 6.7% in the 1st quarter. Bramshill Investments LLC now owns 2,124,957 shares of the investment management company’s stock worth $21,122,000 after purchasing an additional 133,644 shares in the last quarter. Institutional investors own 30.66% of the company’s stock.

Invesco Trust for Investment Grade Municipals Price Performance

Invesco Trust for Investment Grade Municipals stock opened at $9.44 on Tuesday. Invesco Trust for Investment Grade Municipals has a 1-year low of $8.15 and a 1-year high of $10.55. The business has a fifty day moving average price of $8.71 and a 200-day moving average price of $9.27.

Invesco Trust for Investment Grade Municipals Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, November 30th. Stockholders of record on Wednesday, November 15th will be given a $0.0342 dividend. The ex-dividend date of this dividend is Tuesday, November 14th. This represents a $0.41 dividend on an annualized basis and a dividend yield of 4.35%.

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.