Janney Montgomery Scott LLC Purchases Shares of 14,861 Invesco Trust for Investment Grade Municipals (NYSE:VGM)

Janney Montgomery Scott LLC purchased a new stake in shares of Invesco Trust for Investment Grade Municipals (NYSE:VGM) during the fourth quarter, Holdings Channel.com reports. The firm purchased 14,861 shares of the investment management company’s stock, valued at approximately $150,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Dakota Wealth Management grew its holdings 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 worth $1,066,000 after purchasing an additional 15,500 shares during the last quarter. Sovereign Financial Group Inc. grew its holdings 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 worth $255,000 after purchasing an additional 14,277 shares during the last quarter. Melone Private Wealth LLC grew its holdings 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 worth $1,761,000 after purchasing an additional 2,684 shares during the last quarter. Capital Investment Advisors LLC bought a new position in shares of Invesco Trust for Investment Grade Municipals in the fourth quarter worth approximately $134,000. Finally, Stifel Financial Corp grew its holdings in shares of Invesco Trust for Investment Grade Municipals by 1.1% in the third quarter. Stifel Financial Corp now owns 167,271 shares of the investment management company’s stock worth $1,766,000 after purchasing an additional 1,896 shares during the last quarter. 38.13% of the stock is currently owned by institutional investors.

Invesco Trust for Investment Grade Municipals Stock Performance

Shares of Invesco Trust for Investment Grade Municipals stock opened at $10.10 on Friday. Invesco Trust for Investment Grade Municipals has a 52-week low of $9.47 and a 52-week high of $10.70. The company’s 50 day moving average price is $10.11 and its 200-day moving average price is $10.29.

Invesco Trust for Investment Grade Municipals Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, February 28th. Investors of record on Tuesday, February 18th will be paid a $0.0646 dividend. This represents a $0.78 dividend on an annualized basis and a yield of 7.68%. The ex-dividend date of this dividend is Tuesday, February 18th.

About Invesco Trust for Investment Grade Municipals

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.