Inv Vk Tr Inv (NYSE:VGM) Share Price Crosses Below 200 Day Moving Average – Should You Sell?

Inv Vk Tr Inv (NYSE:VGM)’s stock price passed below its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of $10.17 and traded as low as $8.39. Inv Vk Tr Inv shares last traded at $8.6120, with a volume of 796,895 shares traded.

Inv Vk Tr Inv Trading Up 1.1%

The company’s 50 day moving average price is $9.99 and its 200-day moving average price is $10.16.

Inv Vk Tr Inv Announces Dividend

The company also recently announced a monthly dividend, which was paid on Wednesday, September 30th. Investors of record on Monday, September 14th were issued a $0.0646 dividend. The ex-dividend date was Monday, September 14th. This represents a $0.78 dividend on an annualized basis and a yield of 8.9%.

Hedge Funds Weigh In On Inv Vk Tr Inv

Large investors have recently modified their holdings of the company. Hennion & Walsh Asset Management Inc. grew its holdings in shares of Inv Vk Tr Inv by 27.5% during the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 1,247,281 shares of the investment management company’s stock worth $13,221,000 after purchasing an additional 269,066 shares during the period. NewEdge Advisors LLC grew its stake in Inv Vk Tr Inv by 96.2% during the second quarter. NewEdge Advisors LLC now owns 136,864 shares of the investment management company’s stock worth $1,451,000 after buying an additional 67,094 shares during the period. Cetera Investment Advisers grew its stake in Inv Vk Tr Inv by 46.0% during the first quarter. Cetera Investment Advisers now owns 187,141 shares of the investment management company’s stock worth $1,847,000 after buying an additional 58,961 shares during the period. Melone Private Wealth LLC increased its position in shares of Inv Vk Tr Inv by 33.6% in the second quarter. Melone Private Wealth LLC now owns 231,002 shares of the investment management company’s stock worth $2,449,000 after acquiring an additional 58,143 shares in the last quarter. Finally, Worth Asset Management LLC purchased a new position in shares of Inv Vk Tr Inv in the 2nd quarter valued at $530,000. 38.13% of the stock is currently owned by hedge funds and other institutional investors.

About Inv Vk Tr Inv

Invesco Trust for Investment Grade Municipals is a closed-end management investment company listed on the New York Stock Exchange under the symbol VGM. The fund is designed to provide investors with a high level of current income that is generally exempt from regular U.S. federal income tax.

The fund invests primarily in municipal securities issued by states, counties, cities and other governmental entities, as well as related public authorities. Its portfolio focuses on investment-grade municipal bonds and may include securities financing public services and infrastructure such as transportation, education, utilities and health care.

VGM is advised by Invesco, a global investment management firm.