Gridiron Partners LLC Invests $1.58 Million in Invesco Trust for Investment Grade Municipals (NYSE:VGM)

Gridiron Partners LLC bought a new position in shares of Invesco Trust for Investment Grade Municipals (NYSE:VGM) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 159,983 shares of the investment management company’s stock, valued at approximately $1,582,000. Invesco Trust for Investment Grade Municipals accounts for about 1.1% of Gridiron Partners LLC’s investment portfolio, making the stock its 17th largest holding. Gridiron Partners LLC owned approximately 0.30% of Invesco Trust for Investment Grade Municipals at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Robinson Capital Management LLC raised its position in shares of Invesco Trust for Investment Grade Municipals by 103.2% during the third quarter. Robinson Capital Management LLC now owns 451,610 shares of the investment management company’s stock worth $3,857,000 after purchasing an additional 229,345 shares during the period. Melone Private Wealth LLC raised its position in Invesco Trust for Investment Grade Municipals by 1.1% during the fourth quarter. Melone Private Wealth LLC now owns 185,086 shares of the investment management company’s stock valued at $1,830,000 after buying an additional 1,973 shares during the period. Landscape Capital Management L.L.C. raised its position in Invesco Trust for Investment Grade Municipals by 101.3% during the third quarter. Landscape Capital Management L.L.C. now owns 40,617 shares of the investment management company’s stock valued at $345,000 after buying an additional 20,443 shares during the period. Summit Trail Advisors LLC acquired a new position in Invesco Trust for Investment Grade Municipals during the fourth quarter valued at $209,000. Finally, Karpus Management Inc. raised its position in Invesco Trust for Investment Grade Municipals by 15.6% during the third quarter. Karpus Management Inc. now owns 2,461,545 shares of the investment management company’s stock valued at $20,923,000 after buying an additional 331,592 shares during the period. 38.13% of the stock is owned by institutional investors and hedge funds.

Invesco Trust for Investment Grade Municipals Stock Up 0.3 %

NYSE:VGM traded up $0.03 during trading hours on Friday, hitting $9.93. 49,467 shares of the company’s stock traded hands, compared to its average volume of 160,953. Invesco Trust for Investment Grade Municipals has a twelve month low of $8.15 and a twelve month high of $10.20. The stock’s fifty day moving average price is $9.72 and its two-hundred day moving average price is $9.72.

Invesco Trust for Investment Grade Municipals Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, June 28th. Investors of record on Tuesday, June 18th will be given a dividend of $0.0646 per share. This represents a $0.78 annualized dividend and a yield of 7.81%. This is a positive change from Invesco Trust for Investment Grade Municipals’s previous monthly dividend of $0.04. The ex-dividend date of this dividend is Tuesday, June 18th.

Invesco Trust for Investment Grade Municipals Profile

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.