Kennedy Investment Group Cuts Stake in Inv Vk Tr Inv $VGM

Kennedy Investment Group reduced its stake in shares of Inv Vk Tr Inv (NYSE:VGM) by 94.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,419 shares of the investment management company’s stock after selling 168,804 shares during the quarter. Kennedy Investment Group’s holdings in Inv Vk Tr Inv were worth $108,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in the stock. Cornerstone Wealth Management LLC grew its holdings in Inv Vk Tr Inv by 13.8% during the 4th quarter. Cornerstone Wealth Management LLC now owns 17,165 shares of the investment management company’s stock valued at $178,000 after buying an additional 2,076 shares in the last quarter. Allworth Financial LP increased its holdings in shares of Inv Vk Tr Inv by 727.9% in the fourth quarter. Allworth Financial LP now owns 5,688 shares of the investment management company’s stock worth $59,000 after purchasing an additional 5,001 shares during the last quarter. World Investment Advisors increased its holdings in shares of Inv Vk Tr Inv by 21.2% in the fourth quarter. World Investment Advisors now owns 67,694 shares of the investment management company’s stock worth $702,000 after purchasing an additional 11,860 shares during the last quarter. Comerica Bank increased its holdings in shares of Inv Vk Tr Inv by 85.2% in the fourth quarter. Comerica Bank now owns 5,370 shares of the investment management company’s stock worth $56,000 after purchasing an additional 2,470 shares during the last quarter. Finally, Camelot Portfolios LLC bought a new stake in shares of Inv Vk Tr Inv in the fourth quarter worth about $103,000. 38.13% of the stock is owned by hedge funds and other institutional investors.

Inv Vk Tr Inv Stock Down 0.9%

Shares of VGM stock opened at $9.94 on Wednesday. Inv Vk Tr Inv has a 12-month low of $9.37 and a 12-month high of $10.66. The stock’s 50-day moving average price is $10.17 and its 200-day moving average price is $10.28.

Inv Vk Tr Inv Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, May 29th. Stockholders of record on Thursday, May 14th will be issued a $0.0646 dividend. This represents a c) annualized dividend and a dividend yield of 7.8%. The ex-dividend date of this dividend is Thursday, May 14th.

Inv Vk Tr Inv 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. The fund primarily invests in investment grade municipal securities which include municipal bonds, municipal notes, municipal commercial paper, and lease obligations.