Advisor Group Holdings Inc. Lowers Stock Position in Invesco Trust for Investment Grade Municipals (NYSE:VGM)

Advisor Group Holdings Inc. lessened its holdings in Invesco Trust for Investment Grade Municipals (NYSE:VGM) by 4.3% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 235,416 shares of the investment management company’s stock after selling 10,633 shares during the period. Advisor Group Holdings Inc.’s holdings in Invesco Trust for Investment Grade Municipals were worth $3,222,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in VGM. Herold Advisors Inc. purchased a new stake in shares of Invesco Trust for Investment Grade Municipals in the 3rd quarter worth approximately $31,000. Rockefeller Capital Management L.P. purchased a new stake in shares of Invesco Trust for Investment Grade Municipals in the 2nd quarter worth approximately $83,000. Ibex Wealth Advisors purchased a new stake in shares of Invesco Trust for Investment Grade Municipals in the 2nd quarter worth approximately $142,000. Spire Wealth Management lifted its position in shares of Invesco Trust for Investment Grade Municipals by 13.7% in the 3rd quarter. Spire Wealth Management now owns 27,380 shares of the investment management company’s stock worth $375,000 after purchasing an additional 3,300 shares during the period. Finally, Ackerman Capital Advisors LLC purchased a new stake in shares of Invesco Trust for Investment Grade Municipals in the 2nd quarter worth approximately $499,000. 17.92% of the stock is owned by hedge funds and other institutional investors.

NYSE VGM opened at $13.18 on Friday. The company has a 50 day moving average price of $13.68 and a 200 day moving average price of $13.88. Invesco Trust for Investment Grade Municipals has a 52 week low of $12.70 and a 52 week high of $14.36.

The company also recently disclosed a monthly dividend, which will be paid on Monday, January 31st. Investors of record on Tuesday, January 18th will be paid a dividend of $0.0521 per share. The ex-dividend date of this dividend is Friday, January 14th. This represents a $0.63 annualized dividend and a dividend yield of 4.74%.

About Invesco Trust for Investment Grade Municipals

Invesco Trust For Investment Grade Municipals is a closed-end management investment company. Its investment objective is to provide common shareholders with a high level of current income exempt from federal income taxes, consistent with preservation of capital. The company was founded on January 24, 1992 and is headquartered in Houston, TX.

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

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