Cambridge Investment Research Advisors Inc. Purchases 12,800 Shares of Invesco Trust for Investment Grade Municipals (NYSE:VGM)

Cambridge Investment Research Advisors Inc. boosted its stake in shares of Invesco Trust for Investment Grade Municipals (NYSE:VGM – Get Rating) by 35.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 49,201 shares of the investment management company’s stock after purchasing an additional 12,800 shares during the quarter. Cambridge Investment Research Advisors Inc. owned about 0.09% of Invesco Trust for Investment Grade Municipals worth $494,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in the stock. Guggenheim Capital LLC boosted its position in Invesco Trust for Investment Grade Municipals by 7.8% during the first quarter. Guggenheim Capital LLC now owns 1,562,221 shares of the investment management company’s stock valued at $18,152,000 after purchasing an additional 112,975 shares in the last quarter. Karpus Management Inc. boosted its position in Invesco Trust for Investment Grade Municipals by 18.6% during the third quarter. Karpus Management Inc. now owns 389,764 shares of the investment management company’s stock valued at $3,648,000 after purchasing an additional 61,124 shares in the last quarter. Van ECK Associates Corp boosted its position in Invesco Trust for Investment Grade Municipals by 8.1% during the fourth quarter. Van ECK Associates Corp now owns 298,891 shares of the investment management company’s stock valued at $3,004,000 after purchasing an additional 22,299 shares in the last quarter. Melone Private Wealth LLC boosted its position in Invesco Trust for Investment Grade Municipals by 1.3% during the fourth quarter. Melone Private Wealth LLC now owns 177,158 shares of the investment management company’s stock valued at $1,780,000 after purchasing an additional 2,265 shares in the last quarter. Finally, Royal Bank of Canada raised its stake in Invesco Trust for Investment Grade Municipals by 2.2% in the third quarter. Royal Bank of Canada now owns 175,430 shares of the investment management company’s stock valued at $1,642,000 after buying an additional 3,711 shares during the last quarter. Institutional investors own 23.63% of the company’s stock.

Invesco Trust for Investment Grade Municipals Trading Up 0.6 %

Invesco Trust for Investment Grade Municipals stock opened at $9.42 on Friday. The stock has a 50-day moving average of $9.77 and a two-hundred day moving average of $9.88. Invesco Trust for Investment Grade Municipals has a one year low of $9.00 and a one year high of $11.20.

Invesco Trust for Investment Grade Municipals Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Wednesday, May 31st. Shareholders of record on Monday, May 15th will be paid a $0.0361 dividend. This represents a $0.43 dividend on an annualized basis and a yield of 4.60%. The ex-dividend date is Friday, May 12th.

Invesco Trust for Investment Grade Municipals Profile

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Invesco Trust For Investment Grade Municipals is a closed-end management investment company. Its investment objective is to provide common shareholders with a high level of current income exempt from federal income taxes, consistent with preservation of capital. The company was founded on January 24, 1992 and is headquartered in Atlanta, GA.