Sit Investment Associates Inc. Reduces Position in Invesco Trust for Investment Grade Municipals (VGM)

Sit Investment Associates Inc. reduced its holdings in Invesco Trust for Investment Grade Municipals (NYSE:VGM) by 3.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 679,254 shares of the investment management company’s stock after selling 25,990 shares during the quarter. Sit Investment Associates Inc.’s holdings in Invesco Trust for Investment Grade Municipals were worth $9,102,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in VGM. HighTower Advisors LLC raised its holdings in shares of Invesco Trust for Investment Grade Municipals by 23.0% in the 2nd quarter. HighTower Advisors LLC now owns 13,141 shares of the investment management company’s stock worth $177,000 after purchasing an additional 2,458 shares in the last quarter. Strid Group LLC bought a new stake in shares of Invesco Trust for Investment Grade Municipals in the 2nd quarter worth approximately $201,000. Advisor Group Inc. raised its holdings in shares of Invesco Trust for Investment Grade Municipals by 8.2% in the 2nd quarter. Advisor Group Inc. now owns 18,055 shares of the investment management company’s stock worth $242,000 after purchasing an additional 1,372 shares in the last quarter. Oppenheimer & Co. Inc. raised its holdings in shares of Invesco Trust for Investment Grade Municipals by 0.7% in the 2nd quarter. Oppenheimer & Co. Inc. now owns 20,450 shares of the investment management company’s stock worth $274,000 after purchasing an additional 150 shares in the last quarter. Finally, Wedbush Securities Inc. raised its holdings in shares of Invesco Trust for Investment Grade Municipals by 16.1% in the 2nd quarter. Wedbush Securities Inc. now owns 33,254 shares of the investment management company’s stock worth $446,000 after purchasing an additional 4,603 shares in the last quarter. Institutional investors and hedge funds own 9.23% of the company’s stock.

Invesco Trust for Investment Grade Municipals (NYSE:VGM) traded down 0.45% during mid-day trading on Friday, hitting $13.35. 71,138 shares of the company were exchanged. Invesco Trust for Investment Grade Municipals has a 12-month low of $12.34 and a 12-month high of $13.80. The company has a 50 day moving average of $13.52 and a 200 day moving average of $13.39.

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, October 31st. Investors of record on Friday, October 13th will be paid a dividend of $0.0636 per share. This represents a $0.76 annualized dividend and a yield of 5.71%. The ex-dividend date is Thursday, October 12th.

TRADEMARK VIOLATION NOTICE: “Sit Investment Associates Inc. Reduces Position in Invesco Trust for Investment Grade Municipals (VGM)” was first posted by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this article on another publication, it was illegally co

Several other hedge funds and other institutional investors have also added to or reduced their stakes in VGM. HighTower Advisors LLC raised its holdings in shares of Invesco Trust for Investment Grade Municipals by 23.0% in the 2nd quarter. HighTower Advisors LLC now owns 13,141 shares of the investment management company’s stock worth $177,000 after purchasing an additional 2,458 shares in the last quarter. Strid Group LLC bought a new stake in shares of Invesco Trust for Investment Grade Municipals in the 2nd quarter worth approximately $201,000. Advisor Group Inc. raised its holdings in shares of Invesco Trust for Investment Grade Municipals by 8.2% in the 2nd quarter. Advisor Group Inc. now owns 18,055 shares of the investment management company’s stock worth $242,000 after purchasing an additional 1,372 shares in the last quarter. Oppenheimer & Co. Inc. raised its holdings in shares of Invesco Trust for Investment Grade Municipals by 0.7% in the 2nd quarter. Oppenheimer & Co. Inc. now owns 20,450 shares of the investment management company’s stock worth $274,000 after purchasing an additional 150 shares in the last quarter. Finally, Wedbush Securities Inc. raised its holdings in shares of Invesco Trust for Investment Grade Municipals by 16.1% in the 2nd quarter. Wedbush Securities Inc. now owns 33,254 shares of the investment management company’s stock worth $446,000 after purchasing an additional 4,603 shares in the last quarter. Institutional investors and hedge funds own 9.23% of the company’s stock.

Invesco Trust for Investment Grade Municipals (NYSE:VGM) traded down 0.45% during mid-day trading on Friday, hitting $13.35. 71,138 shares of the company were exchanged. Invesco Trust for Investment Grade Municipals has a 12-month low of $12.34 and a 12-month high of $13.80. The company has a 50 day moving average of $13.52 and a 200 day moving average of $13.39.

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, October 31st. Investors of record on Friday, October 13th will be paid a dividend of $0.0636 per share. This represents a $0.76 annualized dividend and a yield of 5.71%. The ex-dividend date is Thursday, October 12th.

TRADEMARK VIOLATION NOTICE: “Sit Investment Associates Inc. Reduces Position in Invesco Trust for Investment Grade Municipals (VGM)” was first posted by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this article on another publication, it was illegally copied and reposted in violation of US & international copyright laws. The original version of this article can be viewed at https://ledgergazette.com/2017/10/21/sit-investment-associates-inc-reduces-position-in-invesco-trust-for-investment-grade-municipals-vgm.html.

Invesco Trust for Investment Grade Municipals Company Profile

Invesco Van Kampen Trust For Investment Grade Municipals (the Trust), formerly Invesco Trust for Investment Grade Municipals, is a diversified, closed-end management investment trust. The Trust’s investment objective is to provide common shareholders with a high level of current income exempt from federal income tax, consistent with preservation of capital.

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

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