Van ECK Associates Corp Buys 12,316 Shares of Invesco Trust for Investment Grade Municipals (NYSE:VGM)

Van ECK Associates Corp lifted its position in Invesco Trust for Investment Grade Municipals (NYSE:VGM) by 3.1% in the 4th quarter, Holdings Channel.com reports. The fund owned 406,392 shares of the investment management company’s stock after acquiring an additional 12,316 shares during the period. Van ECK Associates Corp’s holdings in Invesco Trust for Investment Grade Municipals were worth $4,105,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Pathstone Holdings LLC lifted its position in shares of Invesco Trust for Investment Grade Municipals by 27.3% during the third quarter. Pathstone Holdings LLC now owns 764,291 shares of the investment management company’s stock worth $8,071,000 after purchasing an additional 163,705 shares during the last quarter. Leo Wealth LLC boosted its position in Invesco Trust for Investment Grade Municipals by 1.6% during the 4th quarter. Leo Wealth LLC now owns 221,650 shares of the investment management company’s stock valued at $2,239,000 after acquiring an additional 3,527 shares in the last quarter. Indiana Trust & Investment Management Co raised its holdings in Invesco Trust for Investment Grade Municipals by 1.9% in the fourth quarter. Indiana Trust & Investment Management Co now owns 175,690 shares of the investment management company’s stock worth $1,774,000 after purchasing an additional 3,198 shares in the last quarter. Melone Private Wealth LLC increased its position in shares of Invesco Trust for Investment Grade Municipals by 1.6% during 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 in the last quarter. Finally, Stifel Financial Corp raised its stake in 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 valued at $1,766,000 after buying an additional 1,896 shares during the last quarter. Institutional investors own 38.13% of the company’s stock.

Invesco Trust for Investment Grade Municipals Trading Up 0.5 %

VGM stock opened at $10.20 on Thursday. The firm has a 50 day moving average of $10.08 and a 200 day moving average of $10.28. Invesco Trust for Investment Grade Municipals has a 52 week low of $9.47 and a 52 week 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, February 28th. Shareholders of record on Tuesday, February 18th will be given a dividend of $0.0646 per share. This represents a $0.78 dividend on an annualized basis and a yield of 7.60%. The ex-dividend date 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.