Kercheville Advisors LLC Boosts Position in Invesco Trust for Investment Grade Municipals (NYSE:VGM)

Kercheville Advisors LLC boosted its position in shares of Invesco Trust for Investment Grade Municipals (NYSE:VGM) by 8.3% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 13,463 shares of the investment management company’s stock after purchasing an additional 1,027 shares during the quarter. Kercheville Advisors LLC’s holdings in Invesco Trust for Investment Grade Municipals were worth $142,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. Karpus Management Inc. boosted its position in Invesco Trust for Investment Grade Municipals by 20.8% during the first quarter. Karpus Management Inc. now owns 3,865,590 shares of the investment management company’s stock worth $38,115,000 after purchasing an additional 666,037 shares in the last quarter. Robinson Capital Management LLC increased its stake in Invesco Trust for Investment Grade Municipals by 16.4% during the first quarter. Robinson Capital Management LLC now owns 683,163 shares of the investment management company’s stock worth $6,532,000 after acquiring an additional 96,457 shares during the last quarter. Allspring Global Investments Holdings LLC increased its stake in Invesco Trust for Investment Grade Municipals by 80.8% during the second quarter. Allspring Global Investments Holdings LLC now owns 445,360 shares of the investment management company’s stock worth $4,574,000 after acquiring an additional 198,972 shares during the last quarter. Van ECK Associates Corp increased its stake in Invesco Trust for Investment Grade Municipals by 5.0% during the first quarter. Van ECK Associates Corp now owns 429,706 shares of the investment management company’s stock worth $4,237,000 after acquiring an additional 20,389 shares during the last quarter. Finally, Leo Wealth LLC increased its stake in Invesco Trust for Investment Grade Municipals by 11.5% during the third quarter. Leo Wealth LLC now owns 218,123 shares of the investment management company’s stock worth $2,303,000 after acquiring an additional 22,415 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 0.6 %

Shares of NYSE VGM opened at $10.17 on Monday. Invesco Trust for Investment Grade Municipals has a 1-year low of $8.15 and a 1-year high of $10.70. The business has a 50-day moving average of $10.46 and a 200-day moving average of $10.19.

Invesco Trust for Investment Grade Municipals Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Wednesday, October 16th will be given a $0.0646 dividend. This represents a $0.78 annualized dividend and a dividend yield of 7.62%. The ex-dividend date is Wednesday, October 16th.

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.