Sowell Financial Services LLC Acquires Shares of 2,500 Invesco Trust for Investment Grade Municipals (NYSE:VGM)

Sowell Financial Services LLC acquired a new stake in Invesco Trust for Investment Grade Municipals (NYSE:VGM) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 2,500 shares of the investment management company’s stock, valued at approximately $35,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Fort Pitt Capital Group LLC purchased a new stake in shares of Invesco Trust for Investment Grade Municipals during the fourth quarter worth about $52,000. Wealthcare Advisory Partners LLC purchased a new stake in shares of Invesco Trust for Investment Grade Municipals during the first quarter worth about $108,000. Cullen Frost Bankers Inc. purchased a new stake in shares of Invesco Trust for Investment Grade Municipals during the first quarter worth about $134,000. Susquehanna International Group LLP increased its stake in shares of Invesco Trust for Investment Grade Municipals by 8.7% during the fourth quarter. Susquehanna International Group LLP now owns 12,614 shares of the investment management company’s stock worth $167,000 after purchasing an additional 1,010 shares in the last quarter. Finally, Wedbush Securities Inc. increased its stake in shares of Invesco Trust for Investment Grade Municipals by 11.6% during the first quarter. Wedbush Securities Inc. now owns 14,451 shares of the investment management company’s stock worth $195,000 after purchasing an additional 1,500 shares in the last quarter. 17.52% of the stock is owned by institutional investors.

VGM stock opened at $13.95 on Friday. The stock’s 50-day moving average is $13.85. Invesco Trust for Investment Grade Municipals has a 52 week low of $12.00 and a 52 week high of $14.08.

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, June 30th. Investors of record on Monday, June 14th will be paid a dividend of $0.055 per share. The ex-dividend date of this dividend is Friday, June 11th. This represents a $0.66 annualized dividend and a yield of 4.73%.

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.

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Institutional Ownership by Quarter for Invesco Trust for Investment Grade Municipals (NYSE:VGM)

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