Invesco Trust for Investment Grade Municipals (VGM)
Invesco Trust for Investment Grade Municipals operates in the Asset Management industry of the Financial Services sector, headquartered in Atlanta, GA, US. The stock last traded at $9.12, up 0.53% on the session, giving a market capitalisation of $494.6M. On trailing twelve-month figures it carries a trailing P/E of 29.42, a net margin of 46.6%. Its beta of 0.69 implies it has historically moved less than the broad market.
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. It employs fundamental analysis with bottom-up security selection approach to create its portfolio. The fund was formerly known as Invesco Van Kampen Trust for Investment Grade Municipals. Invesco Trust for Investment Grade Municipals was formed on January 24, 1992 and is domiciled in the United States.
Invesco Trust for Investment Grade Municipals is most often compared with the following Financial Services names: