Thomas J. Herzfeld Advisors Inc. Purchases 5,940 Shares of Invesco Trust for Investment Grade Municipals (NYSE:VGM)

Thomas J. Herzfeld Advisors Inc. raised its holdings in Invesco Trust for Investment Grade Municipals (NYSE:VGM) by 18.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 38,798 shares of the investment management company’s stock after buying an additional 5,940 shares during the quarter. Thomas J. Herzfeld Advisors Inc.’s holdings in Invesco Trust for Investment Grade Municipals were worth $392,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in VGM. Robinson Capital Management LLC boosted its position in shares of Invesco Trust for Investment Grade Municipals by 44.5% during the 4th quarter. Robinson Capital Management LLC now owns 1,381,874 shares of the investment management company’s stock valued at $13,957,000 after acquiring an additional 425,602 shares in the last quarter. LPL Financial LLC lifted its stake in Invesco Trust for Investment Grade Municipals by 143.4% during the fourth quarter. LPL Financial LLC now owns 361,472 shares of the investment management company’s stock worth $3,651,000 after purchasing an additional 212,940 shares during the period. Raymond James Financial Inc. acquired a new stake in Invesco Trust for Investment Grade Municipals during the fourth quarter valued at approximately $2,110,000. Absolute Investment Advisers LLC bought a new stake in shares of Invesco Trust for Investment Grade Municipals in the 4th quarter valued at approximately $1,091,000. Finally, HighTower Advisors LLC acquired a new position in shares of Invesco Trust for Investment Grade Municipals in the 3rd quarter worth approximately $429,000. Institutional investors and hedge funds own 38.13% of the company’s stock.

Invesco Trust for Investment Grade Municipals Stock Performance

Invesco Trust for Investment Grade Municipals stock opened at $9.96 on Tuesday. The business has a 50 day simple moving average of $10.11 and a 200 day simple moving average of $10.22. Invesco Trust for Investment Grade Municipals has a one year low of $9.47 and a one year high of $10.70.

Invesco Trust for Investment Grade Municipals Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 16th will be paid a $0.0646 dividend. The ex-dividend date of this dividend is Wednesday, April 16th. This represents a $0.78 annualized dividend and a dividend yield of 7.79%.

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.