Sovereign Financial Group Inc. acquired a new stake in shares of Invesco Trust for Investment Grade Municipals (NYSE:VGM – Free Report) in the third quarter, HoldingsChannel reports. The firm acquired 10,938 shares of the investment management company’s stock, valued at approximately $116,000.
A number of other institutional investors have also modified their holdings of the stock. Dynamic Advisor Solutions LLC lifted its position in shares of Invesco Trust for Investment Grade Municipals by 16.1% during the third quarter. Dynamic Advisor Solutions LLC now owns 12,950 shares of the investment management company’s stock valued at $137,000 after buying an additional 1,800 shares during the last quarter. Hennion & Walsh Asset Management Inc. boosted its holdings in Invesco Trust for Investment Grade Municipals by 5.8% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 56,535 shares of the investment management company’s stock worth $581,000 after buying an additional 3,099 shares during the last quarter. Comerica Bank grew its holdings in shares of Invesco Trust for Investment Grade Municipals by 661.9% during the first quarter. Comerica Bank now owns 4,000 shares of the investment management company’s stock worth $39,000 after buying an additional 3,475 shares in the last quarter. Financial Management Professionals Inc. purchased a new stake in Invesco Trust for Investment Grade Municipals in the 1st quarter valued at $56,000. Finally, SageView Advisory Group LLC acquired a new stake in Invesco Trust for Investment Grade Municipals during the first quarter worth $92,000. 38.13% of the stock is owned by hedge funds and other institutional investors.
Invesco Trust for Investment Grade Municipals Price Performance
NYSE VGM opened at $10.48 on Thursday. Invesco Trust for Investment Grade Municipals has a 1-year low of $8.15 and a 1-year high of $10.70. The stock has a 50-day moving average of $10.46 and a two-hundred day moving average of $10.13.
Invesco Trust for Investment Grade Municipals Announces Dividend
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.
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