Tyche Wealth Partners LLC Acquires New Shares in Invesco Trust for Investment Grade Municipals (NYSE:VGM)

Tyche Wealth Partners LLC acquired a new stake in shares of Invesco Trust for Investment Grade Municipals (NYSE:VGM) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 79,379 shares of the investment management company’s stock, valued at approximately $785,000. Tyche Wealth Partners LLC owned about 0.15% of Invesco Trust for Investment Grade Municipals at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of VGM. Captrust Financial Advisors bought a new position in Invesco Trust for Investment Grade Municipals in the second quarter valued at about $30,000. Money Concepts Capital Corp purchased a new stake in shares of Invesco Trust for Investment Grade Municipals during the fourth quarter worth about $32,000. JPMorgan Chase & Co. purchased a new stake in shares of Invesco Trust for Investment Grade Municipals during the first quarter worth about $49,000. Private Trust Co. NA purchased a new stake in shares of Invesco Trust for Investment Grade Municipals during the fourth quarter worth about $75,000. Finally, Nomura Holdings Inc. purchased a new stake in shares of Invesco Trust for Investment Grade Municipals during the first quarter worth about $99,000. 38.13% of the stock is owned by hedge funds and other institutional investors.

Invesco Trust for Investment Grade Municipals Stock Performance

Shares of NYSE:VGM traded up $0.01 during trading on Wednesday, hitting $9.51. 132,876 shares of the company’s stock were exchanged, compared to its average volume of 124,314. The business’s 50-day simple moving average is $9.82 and its 200 day simple moving average is $9.46. Invesco Trust for Investment Grade Municipals has a 52-week low of $8.15 and a 52-week high of $10.04.

Invesco Trust for Investment Grade Municipals Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Tuesday, April 30th. Investors of record on Tuesday, April 16th will be paid a dividend of $0.0388 per share. The ex-dividend date is Monday, April 15th. This represents a $0.47 dividend on an annualized basis and a yield of 4.90%.

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.