Inv Vk Tr Inv (NYSE:VGM) Sees Strong Trading Volume – Here’s What Happened

Shares of Inv Vk Tr Inv (NYSE:VGM) saw strong trading volume on Wednesday . 275,927 shares were traded during mid-day trading, an increase of 44% from the previous session’s volume of 191,908 shares.The stock last traded at $10.08 and had previously closed at $10.17.

Inv Vk Tr Inv Stock Up 0.5%

The stock has a fifty day moving average price of $10.14 and a two-hundred day moving average price of $10.27.

Inv Vk Tr Inv Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be issued a $0.0646 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 7.7%. The ex-dividend date is Monday, June 15th.

Institutional Trading of Inv Vk Tr Inv

Hedge funds have recently bought and sold shares of the business. Advisory Services Network LLC bought a new stake in Inv Vk Tr Inv during the third quarter worth $30,000. Comerica Bank lifted its holdings in Inv Vk Tr Inv by 85.2% during the fourth quarter. Comerica Bank now owns 5,370 shares of the investment management company’s stock worth $56,000 after acquiring an additional 2,470 shares during the period. Allworth Financial LP lifted its holdings in Inv Vk Tr Inv by 727.9% during the fourth quarter. Allworth Financial LP now owns 5,688 shares of the investment management company’s stock worth $59,000 after acquiring an additional 5,001 shares during the period. Fifth Third Bancorp bought a new stake in Inv Vk Tr Inv during the first quarter worth $81,000. Finally, Camelot Portfolios LLC bought a new stake in Inv Vk Tr Inv during the fourth quarter worth $103,000. 38.13% of the stock is currently owned by institutional investors.

About Inv Vk Tr Inv

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. The fund primarily invests in investment grade municipal securities which include municipal bonds, municipal notes, municipal commercial paper, and lease obligations.