Invesco Trust for Investment Grade Municipals (NYSE:VGM) Stock Crosses Below 200-Day Moving Average – What’s Next?

Invesco Trust for Investment Grade Municipals (NYSE:VGM) shares passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $10.32 and traded as low as $9.94. Invesco Trust for Investment Grade Municipals shares last traded at $9.96, with a volume of 102,980 shares.

Invesco Trust for Investment Grade Municipals Price Performance

The stock has a fifty day moving average of $10.19 and a two-hundred day moving average of $10.32.

Invesco Trust for Investment Grade Municipals Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Friday, January 31st. Shareholders of record on Friday, January 17th will be paid a dividend of $0.0646 per share. The ex-dividend date of this dividend is Friday, January 17th. This represents a $0.78 annualized dividend and a yield of 7.78%.

Institutional Investors Weigh In On Invesco Trust for Investment Grade Municipals

Several hedge funds have recently modified their holdings of VGM. Sovereign Financial Group Inc. acquired a new stake in Invesco Trust for Investment Grade Municipals during the 3rd quarter valued at approximately $116,000. Almitas Capital LLC bought a new position in shares of Invesco Trust for Investment Grade Municipals in the second quarter worth $129,000. Dynamic Advisor Solutions LLC lifted its holdings in Invesco Trust for Investment Grade Municipals by 16.1% in the third quarter. Dynamic Advisor Solutions LLC now owns 12,950 shares of the investment management company’s stock worth $137,000 after purchasing an additional 1,800 shares during the period. Kercheville Advisors LLC increased its stake in shares of Invesco Trust for Investment Grade Municipals by 8.3% during the third quarter. Kercheville Advisors LLC now owns 13,463 shares of the investment management company’s stock valued at $142,000 after acquiring an additional 1,027 shares during the period. Finally, Wealth Alliance Advisory Group LLC grew its position in Invesco Trust for Investment Grade Municipals by 18.7% in the third quarter. Wealth Alliance Advisory Group LLC now owns 16,937 shares of the investment management company’s stock worth $179,000 after buying an additional 2,665 shares during the last quarter. 38.13% of the stock is currently owned by hedge funds and other institutional investors.

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.