Invesco Trust for Investment Grade Municipals (NYSE:VGM) Share Price Crosses Above Two Hundred Day Moving Average – Time to Sell?

Invesco Trust for Investment Grade Municipals (NYSE:VGM) shares passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $10.23 and traded as high as $10.33. Invesco Trust for Investment Grade Municipals shares last traded at $10.26, with a volume of 260,806 shares changing hands.

Invesco Trust for Investment Grade Municipals Stock Down 0.3 %

The company has a 50-day moving average price of $10.44 and a 200 day moving average price of $10.23.

Invesco Trust for Investment Grade Municipals Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be paid a dividend of $0.0646 per share. The ex-dividend date is Friday, November 15th. This represents a $0.78 annualized dividend and a yield of 7.56%.

Institutional Trading of Invesco Trust for Investment Grade Municipals

A number of hedge funds have recently made changes to their positions in the stock. Comerica Bank grew its position in Invesco Trust for Investment Grade Municipals by 661.9% during the first quarter. Comerica Bank now owns 4,000 shares of the investment management company’s stock valued at $39,000 after purchasing an additional 3,475 shares in the last quarter. SageView Advisory Group LLC purchased a new position in shares of Invesco Trust for Investment Grade Municipals during the 1st quarter valued at $92,000. Kingswood Wealth Advisors LLC acquired a new position in shares of Invesco Trust for Investment Grade Municipals in the second quarter worth $107,000. Sovereign Financial Group Inc. purchased a new stake in shares of Invesco Trust for Investment Grade Municipals during the third quarter worth $116,000. Finally, Almitas Capital LLC acquired a new stake in Invesco Trust for Investment Grade Municipals during the second quarter valued at $129,000. 38.13% of the stock is owned by hedge funds and other institutional investors.

Invesco Trust for Investment Grade Municipals Company 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.