Permanent Capital Management LP Takes Position in Invesco Trust for Investment Grade Municipals (NYSE:VGM)

Permanent Capital Management LP acquired a new stake in Invesco Trust for Investment Grade Municipals (NYSE:VGM) in the fourth quarter, Holdings Channel.com reports. The firm acquired 15,274 shares of the investment management company’s stock, valued at approximately $154,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Raymond James Financial Inc. purchased a new stake in shares of Invesco Trust for Investment Grade Municipals in the fourth quarter valued at approximately $2,110,000. Robinson Capital Management LLC increased its position in shares of Invesco Trust for Investment Grade Municipals by 44.5% in the fourth quarter. Robinson Capital Management LLC now owns 1,381,874 shares of the investment management company’s stock valued at $13,957,000 after buying an additional 425,602 shares in the last quarter. Van ECK Associates Corp increased its position in shares of Invesco Trust for Investment Grade Municipals by 3.1% in the fourth quarter. Van ECK Associates Corp now owns 406,392 shares of the investment management company’s stock valued at $4,105,000 after buying an additional 12,316 shares in the last quarter. Indiana Trust & Investment Management Co increased its position in shares of 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 valued at $1,774,000 after buying an additional 3,198 shares in the last quarter. Finally, Leo Wealth LLC boosted its stake in shares of Invesco Trust for Investment Grade Municipals by 1.6% in the fourth quarter. Leo Wealth LLC now owns 221,650 shares of the investment management company’s stock worth $2,239,000 after acquiring an additional 3,527 shares during the last quarter. 38.13% of the stock is currently owned by hedge funds and other institutional investors.

Invesco Trust for Investment Grade Municipals Stock Down 0.2 %

Shares of NYSE:VGM opened at $10.13 on Friday. The business’s 50 day moving average price is $10.13 and its 200-day moving average price is $10.27. Invesco Trust for Investment Grade Municipals has a 1 year low of $9.47 and a 1 year high of $10.70.

Invesco Trust for Investment Grade Municipals Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be paid a $0.0646 dividend. This represents a $0.78 dividend on an annualized basis and a dividend yield of 7.65%. The ex-dividend date is Monday, March 17th.

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.