Kennedy Investment Group Cuts Holdings in Invesco Trust for Investment Grade Municipals (NYSE:VGM)

Kennedy Investment Group cut its position in shares of Invesco Trust for Investment Grade Municipals (NYSE:VGM) by 6.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 268,241 shares of the investment management company’s stock after selling 17,400 shares during the quarter. Invesco Trust for Investment Grade Municipals makes up about 1.2% of Kennedy Investment Group’s holdings, making the stock its 19th biggest position. Kennedy Investment Group’s holdings in Invesco Trust for Investment Grade Municipals were worth $2,709,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Avior Wealth Management LLC boosted its stake in Invesco Trust for Investment Grade Municipals by 23.2% in the fourth quarter. Avior Wealth Management LLC now owns 22,890 shares of the investment management company’s stock valued at $231,000 after acquiring an additional 4,314 shares during the last quarter. Janney Montgomery Scott LLC bought a new stake in shares of Invesco Trust for Investment Grade Municipals in the fourth quarter valued at approximately $150,000. Dakota Wealth Management raised its position in shares of Invesco Trust for Investment Grade Municipals by 17.2% in the fourth quarter. Dakota Wealth Management now owns 105,500 shares of the investment management company’s stock valued at $1,066,000 after purchasing an additional 15,500 shares during the period. Sovereign Financial Group Inc. raised its position in shares of Invesco Trust for Investment Grade Municipals by 130.5% in the fourth quarter. Sovereign Financial Group Inc. now owns 25,215 shares of the investment management company’s stock valued at $255,000 after purchasing an additional 14,277 shares during the period. Finally, Melone Private Wealth LLC raised its position in shares of Invesco Trust for Investment Grade Municipals by 1.6% in the fourth quarter. Melone Private Wealth LLC now owns 174,333 shares of the investment management company’s stock valued at $1,761,000 after purchasing an additional 2,684 shares during the period. 38.13% of the stock is currently owned by hedge funds and other institutional investors.

Invesco Trust for Investment Grade Municipals Price Performance

NYSE VGM opened at $10.09 on Wednesday. The company’s 50 day moving average is $10.15 and its 200-day moving average is $10.30. 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 firm also recently declared a monthly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 17th will be given a $0.0646 dividend. This represents a $0.78 annualized dividend and a dividend yield of 7.69%. The ex-dividend date of this dividend is Friday, January 17th.

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.