Invesco Trust for Investment Grade Municipals (NYSE:VGM) Stock Position Cut by Tyche Wealth Partners LLC

Tyche Wealth Partners LLC lessened its stake in Invesco Trust for Investment Grade Municipals (NYSE:VGM) by 5.8% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 67,364 shares of the investment management company’s stock after selling 4,180 shares during the quarter. Tyche Wealth Partners LLC’s holdings in Invesco Trust for Investment Grade Municipals were worth $680,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the business. Sovereign Financial Group Inc. purchased a new stake in shares of Invesco Trust for Investment Grade Municipals in the third quarter worth approximately $116,000. Capital Investment Advisors LLC bought a new position in shares of Invesco Trust for Investment Grade Municipals in the fourth quarter valued at approximately $134,000. Dynamic Advisor Solutions LLC raised its position in shares of Invesco Trust for Investment Grade Municipals by 16.1% in the third quarter. Dynamic Advisor Solutions LLC now owns 12,950 shares of the investment management company’s stock valued at $137,000 after purchasing an additional 1,800 shares during the period. Kercheville Advisors LLC raised its position in shares of Invesco Trust for Investment Grade Municipals by 8.3% in the third quarter. Kercheville Advisors LLC now owns 13,463 shares of the investment management company’s stock valued at $142,000 after purchasing an additional 1,027 shares during the period. Finally, Janney Montgomery Scott LLC bought a new position in shares of Invesco Trust for Investment Grade Municipals in the fourth quarter valued at approximately $150,000. Institutional investors own 38.13% of the company’s stock.

Invesco Trust for Investment Grade Municipals Stock Up 0.7 %

Shares of VGM stock opened at $10.21 on Thursday. Invesco Trust for Investment Grade Municipals has a 1 year low of $9.47 and a 1 year high of $10.70. The firm’s fifty day simple moving average is $10.14 and its 200 day simple moving average is $10.29.

Invesco Trust for Investment Grade Municipals Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, February 28th. Investors of record on Tuesday, February 18th will be given a dividend of $0.0646 per share. This represents a $0.78 dividend on an annualized basis and a yield of 7.59%. The ex-dividend date is Tuesday, February 18th.

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.