Karpus Management Inc. Sells 1,281,993 Shares of Inv Vk Tr Inv $VGM

Karpus Management Inc. decreased its stake in shares of Inv Vk Tr Inv (NYSE:VGM) by 41.3% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 1,822,741 shares of the investment management company’s stock after selling 1,281,993 shares during the period. Karpus Management Inc. owned 3.36% of Inv Vk Tr Inv worth $17,298,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in VGM. StoneX Group Inc. boosted its position in Inv Vk Tr Inv by 17.0% during the second quarter. StoneX Group Inc. now owns 22,802 shares of the investment management company’s stock worth $216,000 after purchasing an additional 3,306 shares during the period. M Holdings Securities Inc. bought a new stake in shares of Inv Vk Tr Inv during the 2nd quarter worth $318,000. First Trust Advisors LP grew its stake in Inv Vk Tr Inv by 19.5% in the 2nd quarter. First Trust Advisors LP now owns 18,292 shares of the investment management company’s stock valued at $174,000 after buying an additional 2,987 shares during the last quarter. Guggenheim Capital LLC raised its holdings in Inv Vk Tr Inv by 23.7% in the 2nd quarter. Guggenheim Capital LLC now owns 1,088,357 shares of the investment management company’s stock worth $10,329,000 after acquiring an additional 208,225 shares during the period. Finally, Northwestern Mutual Wealth Management Co. raised its holdings in Inv Vk Tr Inv by 25.6% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 24,264 shares of the investment management company’s stock worth $230,000 after acquiring an additional 4,949 shares during the period. 38.13% of the stock is currently owned by institutional investors and hedge funds.

Inv Vk Tr Inv Stock Performance

VGM stock opened at $10.36 on Friday. Inv Vk Tr Inv has a 52-week low of $9.28 and a 52-week high of $10.50. The company has a 50-day moving average of $10.18 and a two-hundred day moving average of $9.83.

Inv Vk Tr Inv Dividend Announcement

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

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.