Invesco Trust for Investment Grade Municipals (NYSE:VGM) Shares Sold by Sit Investment Associates Inc.

Sit Investment Associates Inc. cut its stake in shares of Invesco Trust for Investment Grade Municipals (NYSE:VGM) by 8.2% during the fourth quarter, Holdings Channel reports. The firm owned 2,286,766 shares of the investment management company’s stock after selling 205,051 shares during the quarter. Sit Investment Associates Inc.’s holdings in Invesco Trust for Investment Grade Municipals were worth $23,096,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Mountain Hill Investment Partners Corp. purchased a new position in Invesco Trust for Investment Grade Municipals in the 4th quarter worth about $71,000. Capital Investment Advisors LLC purchased a new position in shares of Invesco Trust for Investment Grade Municipals in the fourth quarter worth approximately $134,000. Janney Montgomery Scott LLC acquired a new stake in shares of Invesco Trust for Investment Grade Municipals during the fourth quarter valued at approximately $150,000. Permanent Capital Management LP acquired a new stake in shares of Invesco Trust for Investment Grade Municipals during the fourth quarter valued at approximately $154,000. Finally, StoneX Group Inc. purchased a new stake in shares of Invesco Trust for Investment Grade Municipals in the 4th quarter valued at approximately $197,000. 38.13% of the stock is owned by hedge funds and other institutional investors.

Invesco Trust for Investment Grade Municipals Trading Down 2.3 %

NYSE VGM opened at $9.89 on Friday. The firm’s 50 day moving average price is $10.10 and its two-hundred day moving average price is $10.21. Invesco Trust for Investment Grade Municipals has a twelve month low of $9.47 and a twelve month high of $10.70.

Invesco Trust for Investment Grade Municipals Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 16th will be issued a dividend of $0.0646 per share. The ex-dividend date is Wednesday, April 16th. This represents a $0.78 dividend on an annualized basis and a dividend yield of 7.84%.

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.