Worth Asset Management LLC Invests $530,000 in Inv Vk Tr Inv $VGM

Worth Asset Management LLC bought a new stake in Inv Vk Tr Inv (NYSE:VGM) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 50,005 shares of the investment management company’s stock, valued at approximately $530,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Advisory Services Network LLC purchased a new stake in Inv Vk Tr Inv in the third quarter worth $30,000. Comerica Bank boosted its stake in Inv Vk Tr Inv by 85.2% in the 4th 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 period. Allworth Financial LP boosted its stake in Inv Vk Tr Inv by 727.9% in the 4th 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 period. Fifth Third Bancorp bought a new position in Inv Vk Tr Inv in the 1st quarter worth about $81,000. Finally, Camelot Portfolios LLC purchased a new position in Inv Vk Tr Inv during the 4th quarter valued at about $103,000. 38.13% of the stock is owned by hedge funds and other institutional investors.

Inv Vk Tr Inv Trading Up 0.9%

Shares of VGM opened at $10.40 on Friday. The business’s 50-day moving average price is $10.34 and its 200-day moving average price is $10.29. Inv Vk Tr Inv has a twelve month low of $9.48 and a twelve month high of $10.66.

Inv Vk Tr Inv Announces Dividend

The company also recently disclosed 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) annualized dividend and a 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.