Inv Vk Tr Inv (NYSE:VGM) Announces $0.06 Monthly Dividend

Inv Vk Tr Inv (NYSE:VGM) declared a monthly dividend on Monday, February 2nd. Shareholders of record on Tuesday, February 17th will be paid a dividend of 0.0646 per share by the investment management company on Friday, February 27th. This represents a c) dividend on an annualized basis and a yield of 7.5%. The ex-dividend date is Tuesday, February 17th.

Inv Vk Tr Inv Stock Up 0.0%

Shares of VGM traded up $0.01 during midday trading on Tuesday, reaching $10.28. 112,791 shares of the stock were exchanged, compared to its average volume of 234,722. Inv Vk Tr Inv has a 12-month low of $9.28 and a 12-month high of $10.54. The firm has a 50 day simple moving average of $10.32 and a 200-day simple moving average of $10.04.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Gridiron Partners LLC lifted its stake in shares of Inv Vk Tr Inv by 1,048.6% in the 3rd quarter. Gridiron Partners LLC now owns 1,722,730 shares of the investment management company’s stock valued at $17,434,000 after purchasing an additional 1,572,747 shares during the last quarter. Hennion & Walsh Asset Management Inc. raised its holdings in Inv Vk Tr Inv by 1,650.4% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 498,772 shares of the investment management company’s stock valued at $5,172,000 after buying an additional 470,277 shares in the last quarter. Guggenheim Capital LLC raised its holdings in Inv Vk Tr Inv by 23.7% during the second quarter. Guggenheim Capital LLC now owns 1,088,357 shares of the investment management company’s stock valued at $10,329,000 after buying an additional 208,225 shares in the last quarter. Bank of America Corp DE lifted its position in shares of Inv Vk Tr Inv by 28.1% in the second quarter. Bank of America Corp DE now owns 434,009 shares of the investment management company’s stock worth $4,119,000 after buying an additional 95,282 shares during the last quarter. Finally, Leo Wealth LLC boosted its stake in shares of Inv Vk Tr Inv by 43.6% during the 4th quarter. Leo Wealth LLC now owns 261,050 shares of the investment management company’s stock worth $2,707,000 after acquiring an additional 79,256 shares in the last quarter. Institutional investors and hedge funds own 38.13% of the company’s stock.

About Inv Vk Tr Inv

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. The fund primarily invests in investment grade municipal securities which include municipal bonds, municipal notes, municipal commercial paper, and lease obligations.