VGM Stock Summary and Trading Ideas (Invesco Trust For Investment Grade Municipals Common (De) | NYSE:VGM)

The Trust seeks to provide investors with a high level of current income exempt from federal income tax, consistent with preservation of capital. The trust seek to achieve the Trust’s investment objective by investing primarily in municipal securities that are rated investment grade at the time of investment. Municipal securities include municipal bonds, municipal notes, municipal commercial paper and lease obligations. The Trust may also invest up to 20% of its net assets in non-investment-grade and unrated securities that it determines to be of comparable quality. From time to time, the trust may invest in municipal securities that pay interest subject to the federal alternative minimum tax.

Invesco Trust For Investment Grade Municipals Common (De) trades on the NYSE stock market under the symbol VGM.

As of April 18, 2024, VGM stock price declined to $9.49 with 125,804 million shares trading.

VGM has a beta of 0.68, meaning it tends to be less sensitive to market movements. VGM has a correlation of 0.32 to the broad based SPY ETF.

VGM has a market cap of $514.66 million. This is considered a Small Cap stock.

In the last 3 years, VGM stock traded as high as $14.36 and as low as $8.17.

VGM has underperformed the market in the last year with a return of +1.7%, while the SPY ETF gained +22.2%. In the last 3 month period, VGM fell short of the market, returning +0.6%, while SPY returned +5.2%. However, in the most recent 2 weeks VGM has outperformed the stock market by returning -1.4%, while SPY returned -2.6%.

VGM support price is $9.48 and resistance is $9.58 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that VGM stock will trade within this expected range on the day.