Inv Vk Tr Inv (NYSE:VGM) Hits New 1-Year High – Time to Buy?

Inv Vk Tr Inv (NYSE:VGM)’s stock price reached a new 52-week high during trading on Wednesday . The company traded as high as $10.44 and last traded at $10.3950, with a volume of 42879 shares trading hands. The stock had previously closed at $10.36.

Inv Vk Tr Inv Trading Up 0.2%

The business has a fifty day moving average price of $10.23 and a two-hundred day moving average price of $9.90.

Inv Vk Tr Inv Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 16th will be given a dividend of $0.0646 per share. The ex-dividend date is Tuesday, December 16th. This represents a c) dividend on an annualized basis and a dividend yield of 7.5%.

Hedge Funds Weigh In On Inv Vk Tr Inv

Several large investors have recently made changes to their positions in VGM. Advisory Services Network LLC acquired a new stake in Inv Vk Tr Inv in the 3rd quarter valued at approximately $30,000. WMG Financial Advisors LLC acquired a new position in Inv Vk Tr Inv during the second quarter worth $104,000. Concurrent Investment Advisors LLC lifted its stake in Inv Vk Tr Inv by 24.3% during the third quarter. Concurrent Investment Advisors LLC now owns 12,805 shares of the investment management company’s stock worth $130,000 after purchasing an additional 2,500 shares in the last quarter. Calton & Associates Inc. purchased a new position in shares of Inv Vk Tr Inv during the first quarter worth $132,000. Finally, Permanent Capital Management LP acquired a new stake in shares of Inv Vk Tr Inv in the third quarter valued at $142,000. 38.13% of the stock is currently owned by institutional investors and hedge funds.

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.