HighTower Advisors LLC Invests $429,000 in Invesco Trust for Investment Grade Municipals (NYSE:VGM)

HighTower Advisors LLC acquired a new stake in Invesco Trust for Investment Grade Municipals (NYSE:VGM) in the 3rd quarter, Holdings Channel.com reports. The fund acquired 39,868 shares of the investment management company’s stock, valued at approximately $429,000.

A number of other large investors have also added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC lifted its holdings in shares of 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 purchasing an additional 198,972 shares during the period. Pathstone Holdings LLC raised its position in Invesco Trust for Investment Grade Municipals by 27.3% during the 3rd quarter. Pathstone Holdings LLC now owns 764,291 shares of the investment management company’s stock worth $8,071,000 after purchasing an additional 163,705 shares during the last quarter. Rothschild Investment LLC acquired a new position in Invesco Trust for Investment Grade Municipals during the 2nd quarter worth about $1,297,000. Quarry LP bought a new stake in shares of Invesco Trust for Investment Grade Municipals in the 2nd quarter valued at about $327,000. Finally, Leo Wealth LLC increased its stake in shares of Invesco Trust for Investment Grade Municipals by 11.5% in the third quarter. Leo Wealth LLC now owns 218,123 shares of the investment management company’s stock valued at $2,303,000 after buying an additional 22,415 shares during the period. Institutional investors own 38.13% of the company’s stock.

Invesco Trust for Investment Grade Municipals Trading Up 0.7 %

VGM opened at $9.89 on Friday. Invesco Trust for Investment Grade Municipals has a twelve month low of $9.47 and a twelve month high of $10.70. The company has a fifty day moving average of $10.28 and a 200-day moving average of $10.34.

Invesco Trust for Investment Grade Municipals Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 17th will be issued a $0.0646 dividend. This represents a $0.78 dividend on an annualized basis and a dividend yield of 7.84%. The ex-dividend date is Tuesday, December 17th.

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.