Inv Vk Tr Inv (NYSE:VGM) Hits New 1-Year High – Should You Buy?

Inv Vk Tr Inv (NYSE:VGM)’s stock price reached a new 52-week high on Friday . The stock traded as high as $10.46 and last traded at $10.4550, with a volume of 26491 shares changing hands. The stock had previously closed at $10.43.

Inv Vk Tr Inv Stock Performance

The firm’s 50 day simple moving average is $10.26 and its 200 day simple moving average is $9.94.

Inv Vk Tr Inv Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, January 30th. Investors of record on Thursday, January 15th will be given a $0.0646 dividend. This represents a c) dividend on an annualized basis and a yield of 7.4%. The ex-dividend date of this dividend is Thursday, January 15th.

Institutional Investors Weigh In On Inv Vk Tr Inv

Hedge funds and other institutional investors have recently modified their holdings of the business. Advisory Services Network LLC purchased a new position in Inv Vk Tr Inv during the 3rd quarter valued at $30,000. WMG Financial Advisors LLC purchased a new position in Inv Vk Tr Inv in the 2nd quarter worth about $104,000. Concurrent Investment Advisors LLC lifted its holdings in Inv Vk Tr Inv by 24.3% during the 3rd quarter. Concurrent Investment Advisors LLC now owns 12,805 shares of the investment management company’s stock valued at $130,000 after buying an additional 2,500 shares in the last quarter. Permanent Capital Management LP bought a new stake in Inv Vk Tr Inv during the 3rd quarter valued at about $142,000. Finally, Capital Investment Advisors LLC grew its stake in Inv Vk Tr Inv by 11.5% in the 3rd quarter. Capital Investment Advisors LLC now owns 14,555 shares of the investment management company’s stock worth $147,000 after acquiring an additional 1,500 shares in the last quarter. 38.13% of the stock is currently owned by hedge funds and other institutional investors.

About Inv Vk Tr Inv

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.