Claro Advisors LLC Sells 2,624 Shares of Invesco Trust for Investment Grade Municipals (NYSE:VGM)

Claro Advisors LLC trimmed its holdings in shares of Invesco Trust for Investment Grade Municipals (NYSE:VGM) by 2.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 104,541 shares of the investment management company’s stock after selling 2,624 shares during the quarter. Claro Advisors LLC’s holdings in Invesco Trust for Investment Grade Municipals were worth $1,056,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. Sovereign Financial Group Inc. purchased a new position in shares of Invesco Trust for Investment Grade Municipals in the third quarter valued at $116,000. Almitas Capital LLC bought a new position in shares of Invesco Trust for Investment Grade Municipals in the 2nd quarter worth $129,000. Dynamic Advisor Solutions LLC raised its position in shares of Invesco Trust for Investment Grade Municipals by 16.1% during the 3rd 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 in the last quarter. Capital Investment Advisors LLC purchased a new position in Invesco Trust for Investment Grade Municipals in the fourth quarter worth $134,000. Finally, Kercheville Advisors LLC raised its position in Invesco Trust for Investment Grade Municipals by 8.3% during 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 in the last quarter. 38.13% of the stock is currently owned by institutional investors.

Invesco Trust for Investment Grade Municipals Stock Performance

NYSE:VGM traded down $0.02 during mid-day trading on Monday, reaching $9.92. The stock had a trading volume of 44,210 shares, compared to its average volume of 120,616. Invesco Trust for Investment Grade Municipals has a one year low of $9.47 and a one year high of $10.70. The firm has a 50 day moving average price of $10.19 and a two-hundred day moving average price of $10.32.

Invesco Trust for Investment Grade Municipals Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 17th will be issued a dividend of $0.0646 per share. The ex-dividend date is Friday, January 17th. This represents a $0.78 dividend on an annualized basis and a yield of 7.81%.

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.