Invesco Trust for Investment Grade Municipals (NYSE:VGM) Shares Cross Above Two Hundred Day Moving Average of $9.63

Invesco Trust for Investment Grade Municipals (NYSE:VGMGet Free Report)’s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $9.63 and traded as high as $9.90. Invesco Trust for Investment Grade Municipals shares last traded at $9.87, with a volume of 80,785 shares changing hands.

Invesco Trust for Investment Grade Municipals Price Performance

The business has a 50-day simple moving average of $9.73 and a two-hundred day simple moving average of $9.65.

Invesco Trust for Investment Grade Municipals Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, May 31st. Shareholders of record on Thursday, May 16th will be given a $0.0388 dividend. The ex-dividend date of this dividend is Wednesday, May 15th. This represents a $0.47 annualized dividend and a yield of 4.72%.

Institutional Trading of Invesco Trust for Investment Grade Municipals

Institutional investors have recently made changes to their positions in the business. CENTRAL TRUST Co acquired a new position in shares of Invesco Trust for Investment Grade Municipals in the 1st quarter worth approximately $29,000. Comerica Bank grew its position in Invesco Trust for Investment Grade Municipals by 661.9% in the first quarter. Comerica Bank now owns 4,000 shares of the investment management company’s stock valued at $39,000 after acquiring an additional 3,475 shares during the period. Financial Management Professionals Inc. acquired a new position in Invesco Trust for Investment Grade Municipals during the first quarter worth $56,000. Private Trust Co. NA bought a new position in shares of Invesco Trust for Investment Grade Municipals during the fourth quarter valued at $75,000. Finally, SageView Advisory Group LLC acquired a new stake in shares of Invesco Trust for Investment Grade Municipals in the 1st quarter valued at $92,000. 38.13% of the stock is currently owned by institutional investors and hedge funds.

About Invesco Trust for Investment Grade Municipals

(Get Free Report)

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.

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