Inv Vk Tr Inv (NYSE:VGM) Stock to Pay Monthly Dividend of $0.06

Inv Vk Tr Inv (NYSE:VGM) declared a monthly dividend on Monday, November 2nd. Stockholders of record on Monday, November 16th will be paid a dividend of $0.0646 per share by the investment management company on Monday, November 30th. This represents a $0.78 annualized dividend and a dividend yield of 8.4%. The ex-dividend date is Monday, November 16th. This is a 0.0% decrease from Inv Vk Tr Inv’s previous monthly dividend of $0.0646.

Inv Vk Tr Inv Stock Down 1.3%

VGM stock opened at $9.28 on Tuesday. Inv Vk Tr Inv has a fifty-two week low of $8.39 and a fifty-two week high of $10.66. The stock’s 50 day simple moving average is $9.42 and its 200 day simple moving average is $10.08.

Institutional Investors Weigh In On Inv Vk Tr Inv

A number of institutional investors and hedge funds have recently made changes to their positions in VGM. Hennion & Walsh Asset Management Inc. raised its stake in shares of Inv Vk Tr Inv by 27.5% in the second quarter. Hennion & Walsh Asset Management Inc. now owns 1,247,281 shares of the investment management company’s stock worth $13,221,000 after purchasing an additional 269,066 shares during the last quarter. Bank of America Corp DE boosted its holdings in shares of Inv Vk Tr Inv by 3.9% in the 1st quarter. Bank of America Corp DE now owns 493,823 shares of the investment management company’s stock worth $4,874,000 after buying an additional 18,626 shares during the last quarter. Van ECK Associates Corp boosted its stake in Inv Vk Tr Inv by 13.4% in the second quarter. Van ECK Associates Corp now owns 355,063 shares of the investment management company’s stock valued at $3,764,000 after acquiring an additional 42,019 shares during the last quarter. Royal Bank of Canada lifted its stake in Inv Vk Tr Inv by 6.4% in the first quarter. Royal Bank of Canada now owns 366,523 shares of the investment management company’s stock valued at $3,618,000 after purchasing an additional 22,208 shares during the last quarter. Finally, Melone Private Wealth LLC lifted its position in shares of Inv Vk Tr Inv by 33.6% during the 2nd quarter. Melone Private Wealth LLC now owns 231,002 shares of the investment management company’s stock valued at $2,449,000 after buying an additional 58,143 shares during the last quarter. Institutional investors and hedge funds own 38.13% of the company’s stock.

Inv Vk Tr Inv Company Profile

Invesco Trust for Investment Grade Municipals is a closed-end investment company listed on the New York Stock Exchange under the symbol VGM. The fund seeks to provide current income that is exempt from regular federal income tax by investing primarily in investment-grade municipal securities.

The fund’s portfolio may include bonds issued by state and local governments, public authorities and other qualifying municipal entities across the United States. These securities generally finance public infrastructure and services such as schools, transportation systems, utilities and healthcare facilities.

VGM is managed by Invesco, a global investment management firm.