Melone Private Wealth LLC Grows Stake in Inv Vk Tr Inv $VGM

Melone Private Wealth LLC boosted its stake in shares of Inv Vk Tr Inv (NYSE:VGM) by 33.6% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 231,002 shares of the investment management company’s stock after acquiring an additional 58,143 shares during the quarter. Inv Vk Tr Inv comprises about 0.9% of Melone Private Wealth LLC’s investment portfolio, making the stock its 26th biggest position. Melone Private Wealth LLC owned 0.43% of Inv Vk Tr Inv worth $2,449,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Hennion & Walsh Asset Management Inc. increased its position in shares of Inv Vk Tr Inv by 27.5% during the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 1,247,281 shares of the investment management company’s stock valued at $13,221,000 after purchasing an additional 269,066 shares during the last quarter. Worth Asset Management LLC bought a new stake in Inv Vk Tr Inv in the second quarter worth $530,000. Clark Asset Management LLC bought a new stake in Inv Vk Tr Inv in the second quarter worth $123,000. NewEdge Advisors LLC boosted its stake in Inv Vk Tr Inv by 18.8% during the first quarter. NewEdge Advisors LLC now owns 69,770 shares of the investment management company’s stock worth $689,000 after buying an additional 11,055 shares during the period. Finally, Bank of America Corp DE boosted its stake in Inv Vk Tr Inv by 3.9% during the first quarter. Bank of America Corp DE now owns 493,823 shares of the investment management company’s stock worth $4,874,000 after buying an additional 18,626 shares during the period. 38.13% of the stock is currently owned by hedge funds and other institutional investors.

Inv Vk Tr Inv Stock Performance

VGM stock opened at $10.40 on Monday. Inv Vk Tr Inv has a twelve month low of $9.48 and a twelve month high of $10.66. The firm’s fifty day simple moving average is $10.34 and its two-hundred day simple moving average is $10.29.

Inv Vk Tr Inv Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, August 31st. Investors of record on Monday, August 17th will be paid a dividend of $0.0646 per share. The ex-dividend date of this dividend is Monday, August 17th. This represents a c) dividend on an annualized basis and a dividend yield of 7.5%.

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