Raymond James Financial Services Advisors Inc. Sells 7,672 Shares of Invesco Trust for Investment Grade Municipals (NYSE:VGM)

Raymond James Financial Services Advisors Inc. trimmed its stake in Invesco Trust for Investment Grade Municipals (NYSE:VGM) by 28.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 19,246 shares of the investment management company’s stock after selling 7,672 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in Invesco Trust for Investment Grade Municipals were worth $190,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the stock. Raymond James & Associates grew its position in Invesco Trust for Investment Grade Municipals by 17.1% in the fourth quarter. Raymond James & Associates now owns 103,329 shares of the investment management company’s stock valued at $1,022,000 after acquiring an additional 15,080 shares during the period. Melone Private Wealth LLC grew its position in Invesco Trust for Investment Grade Municipals by 1.1% in the fourth quarter. Melone Private Wealth LLC now owns 185,086 shares of the investment management company’s stock valued at $1,830,000 after acquiring an additional 1,973 shares during the period. Capital Investment Advisors LLC bought a new stake in Invesco Trust for Investment Grade Municipals in the fourth quarter valued at $103,000. AQR Arbitrage LLC grew its position in Invesco Trust for Investment Grade Municipals by 97.4% in the third quarter. AQR Arbitrage LLC now owns 399,294 shares of the investment management company’s stock valued at $3,394,000 after acquiring an additional 197,033 shares during the period. Finally, Saba Capital Management L.P. bought a new stake in Invesco Trust for Investment Grade Municipals in the third quarter valued at $664,000. 38.13% of the stock is currently owned by institutional investors.

Invesco Trust for Investment Grade Municipals Price Performance

Invesco Trust for Investment Grade Municipals stock opened at $9.58 on Thursday. The business’s fifty day moving average is $9.78 and its two-hundred day moving average is $9.50. Invesco Trust for Investment Grade Municipals has a 52 week low of $8.15 and a 52 week high of $10.04.

Invesco Trust for Investment Grade Municipals Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Tuesday, April 16th will be paid a $0.0388 dividend. This represents a $0.47 dividend on an annualized basis and a yield of 4.86%. The ex-dividend date is Monday, April 15th.

Invesco Trust for Investment Grade Municipals 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.