Invesco Trust for Investment Grade Municipals chart

Last update: 2022-12-30
Key statistics and financials
Revenue per share 0.81
Dividend & Yield0.47$ (4.83%)
Beta 0.4
Market capitalization 526.05M
Operating cash flow 68.73M
ESG Scores unknown

Company description

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.

Sector: Financial Services - Industry: Asset Management

Financial Ratios
Quick Ratio6.19
Working Capital0.62
Return On Equity0.01
Debt To Equity0.65
Fixed Asset Ratio-0.13
Fixed Interest Cover6.53

Financial data

Financial Statements

Cashflow Statement 2019-02-28 2020-02-29 2021-02-28 2022-02-28
Change To Liabilities
Total Cashflows From Investing Activities
Net Borrowings -29.97M 26.33M -24.06M -19.37M
Total Cash From Financing Activities -65.86M -7.13M -57.79M -54.26M
Change To Operating Activities 141.54k 85.08k -148.45k -128.4k
Issuance Of Stock
Net Income 19.23M 91.64M 6.84M -2.54M
Change In Cash 4.27M 4.27M 4.27M 4.27M
Effect Of Exchange Rate
Total Cash From Operating Activities 65.86M 7.13M 57.79M 58.53M
Depreciation
Change To Account Receivables 1.25M 47.12k 13.66k 1.25M
Other Cashflows From Financing Activities
Change To Netincome 45.23M -84.64M 51.08M 59.94M
Capital Expenditures

Income Statement 2019-02-28 2020-02-29 2021-02-28 2022-02-28
Research Development
Income Before Tax 19.23M 91.64M 6.84M -2.54M
Net Income 19.23M 91.64M 6.84M -2.54M
Selling General Administrative 7.28M 7.37M 7.16M 7.19M
Gross Profit 52.44M 50.34M 48.79M 44.16M
Ebit 44.97M 42.98M 41.62M 36.97M
Operating Income 44.97M 42.98M 41.62M 36.97M
Interest Expense -11.1M -11.57M -6.37M -4.6M
Income Tax Expense
Total Revenue 52.44M 50.34M 48.79M 44.16M
Cost Of Revenue
Total Other Income ExpenseNet -25.74M 48.66M -34.78M -39.51M
Net Income From Continuing Ops 19.23M 91.64M 6.84M -2.54M
Net Income Applicable To Common Shares 19.23M 91.64M 6.84M -2.54M

Balance Sheet Statement 2019-02-28 2020-02-29 2021-02-28 2022-02-28
Total Liabilities 489.67M 521.66M 492.17M 483.18M
Total Stockholder Equity 721.92M 780.1M 753.19M 715.76M
Other Current Liabilities 74.63k 65.53k 86.64k 102.75k
Total Assets 1.21B 1.3B 1.25B 1.2B
Common Stock 705.06M 703.54M 703.8M 703.63M
Other Current Assets
Retained Earnings 16.86M 76.56M 49.39M 12.12M
Treasury Stock
Cash 4.27M
Total Current Liabilities 3.83M 7.61M 2.14M 12.33M
Other Stockholder Equity
Property, Plant, and Equipment
Total Current Assets 16.87M 16.19M 13.22M 19.46M
Net Tangible Assets 721.92M 780.1M 753.19M 715.76M
Net Receivables 16.87M 16.19M 13.22M 15.19M
Accounts Payable 1.01M 6.59M 1.29M 11.81M


Insider Transactions

Here are the insider transactions of stock shares related to Invesco Trust for Investment Grade Municipals:

Filer Name Transaction Text Ownership Date Filer Relation Shares
DAMMEYER RODNEY F.Sale at price 13.20 per share.I2015-11-02Trustee20k
DAMMEYER RODNEY F.Sale at price 13.13 - 13.15 per share.I2015-10-30Trustee30k
DAMMEYER RODNEY F.Sale at price 12.93 per share.I2015-09-23Trustee10.5k
BYRON THOMASSale at price 12.89 per share.D2015-08-13Other Executive500
DAMMEYER RODNEY F.Sale at price 13.36 per share.I2015-04-15Director22.06k
BYRON THOMASPurchase at price 13.16 per share.D2015-03-17Other Executive400
DAMMEYER RODNEY F.Sale at price 12.81 per share.I2014-07-17Director5k
DAMMEYER RODNEY F.Purchase at price 12.77 per share.I2014-07-10Director19.49k
DAMMEYER RODNEY F.Stock Gift at price 0.00 per share.D2012-10-19Director92.95k
DAMMEYER RODNEY F.Sale at price 15.34 per share.I2012-05-07Director26k
BANK OF AMERICA CORPPurchase at price 14.25 per share.I2011-09-26Beneficial Owner of more than 10% of a Class of Security500
BANK OF AMERICA CORPSale at price 14.23 per share.I2011-09-26Beneficial Owner of more than 10% of a Class of Security500
BANK OF AMERICA CORPPurchase at price 14.24 per share.I2011-09-12Beneficial Owner of more than 10% of a Class of Security1.73k
BANK OF AMERICA CORPSale at price 14.13 per share.I2011-09-12Beneficial Owner of more than 10% of a Class of Security1.73k
DAMMEYER RODNEY F.Sale at price 13.46 per share.D2011-06-07Director26.11k
DAMMEYER RODNEY F.Sale at price 13.42 - 13.48 per share.D2011-06-06Director34.2k
BANK OF AMERICA CORPPurchase at price 12.95 per share.I2011-04-15Beneficial Owner of more than 10% of a Class of Security2.61k
BANK OF AMERICA CORPSale at price 13.01 per share.I2011-04-15Beneficial Owner of more than 10% of a Class of Security2.61k
CHOATE JERRY DPurchase at price 12.97 per share.D2011-03-09Director2.3k
DAMMEYER RODNEY F.Purchase at price 14.25 - 14.46 per share.D/I2010-11-30Director6.67k
DAMMEYER RODNEY F.Purchase at price 14.09 per share.D/I2010-11-24Director28.56k
DAMMEYER RODNEY F.Purchase at price 15.24 per share.I2010-11-08Director10.81k
DAMMEYER RODNEY F.Purchase at price 15.16 per share.I2010-11-05Director9.19k
DAMMEYER RODNEY F.Purchase at price 14.90 - 14.94 per share.D/I2010-10-21Director32.69k
DAMMEYER RODNEY F.Purchase at price 14.87 per share.I2010-10-19Director600
DAMMEYER RODNEY F.Purchase at price 15.07 per share.D2010-10-08Director31.2k
DAMMEYER RODNEY F.Purchase at price 15.04 per share.D2010-10-07Director34.2k
DAMMEYER RODNEY F.Purchase at price 15.04 per share.D2010-10-05Director33.94k
DAMMEYER RODNEY F.Purchase at price 15.08 per share.D2010-08-26Director16.5k
DAMMEYER RODNEY F.Purchase at price 15.09 per share.I2010-08-25Director16.5k
WOOD EDWARD C IIIPurchase at price 14.13 per share.D2010-05-07Officer1k
BANK OF AMERICA CORPPurchase at price 14.19 - 14.20 per share.I2010-03-29Beneficial Owner of more than 10% of a Class of Security2.08k
BANK OF AMERICA CORPSale at price 14.15 - 14.16 per share.I2010-03-29Beneficial Owner of more than 10% of a Class of Security2.08k
DAMMEYER RODNEY F.Sale at price 10.35 per share.D2009-03-12Director19.83k
DAMMEYER RODNEY F.Sale at price 10.21 - 10.41 per share.D2009-01-21Director11.42k
DAMMEYER RODNEY F.Sale at price 10.29 - 10.81 per share.D2009-01-20Director10k
DAMMEYER RODNEY F.Sale at price 13.67 - 13.75 per share.D2008-08-29Director12.7k
DOBERMAN AMY RSale at price 13.61 - 13.62 per share.D2008-08-25Officer15k
DAMMEYER RODNEY F.Sale at price 13.61 - 13.62 per share.D2008-08-22Director15k
DOBERMAN AMY RSale at price 13.61 - 13.62 per share.D2008-08-22Officer15k
DAMMEYER RODNEY F.Purchase at price 13.53 - 13.58 per share.D2007-11-26Director10k
DAMMEYER RODNEY F.Purchase at price 14.83 - 14.86 per share.D2007-07-18Director7.5k
DAMMEYER RODNEY F.Purchase at price 14.83 - 14.88 per share.D2007-07-17Director12.5k
DAMMEYER RODNEY F.Purchase at price 14.53 - 14.55 per share.D2006-08-02Director5k
DAMMEYER RODNEY F.Purchase at price 14.45 - 14.49 per share.D2006-08-01Director10k
DAMMEYER RODNEY F.Purchase at price 14.45 - 14.51 per share.D2005-10-14Director5k
DAMMEYER RODNEY F.Purchase at price 14.57 - 14.58 per share.D2005-10-13Director5k
DAMMEYER RODNEY F.Sale at price 14.35 - 14.45 per share.D2005-03-28Director8k
WHALEN WAYNE WSale at price 13.87 per share.D2004-08-12Director
WOOLSEY SUZANNE HPurchase at price 14.07 - 14.08 per share.D2004-05-12Director355
BRANAGAN JERRY MILESPurchase at price 13.89 per share.D2004-05-11Director69

Insider transaction explanations

Insider buying is the legal purchase of shares by a senior executive or director of a company. "Filer Name" corresponds to the name of the stock buyer or seller. "Transaction Text" describes the transaction. "Ownership" gives information about the transaction type. "Date" is the reported transaction date. "Filer Relation" gives the role of the insider in the company. "Shares" is the value of the transaction. You will find the complete description of the General Transaction Codes on the SEC dedicated page


Investment strategy backtesting

These are the result of three automatic investment systems applied to Invesco Trust for Investment Grade Municipals. You will find the performance of an systematic investment system, a momentum strategy, and a buy the dip trading strategy.


Systematic investment results on Invesco Trust for Investment Grade Municipals

Here is the result of two systematic investment strategies applied to Invesco Trust for Investment Grade Municipals. The first strategy automatically buys the first day of the month, and the second strategy buys the fifteenth day of the month.

Systematic investment equity curve on Invesco Trust for Investment Grade Municipals

The following chart shows the equity curve of the two systematic investment strategies applied to Invesco Trust for Investment Grade Municipals:

Invesco Trust for Investment Grade Municipals automated entries

The systematic investment strategy that buys the first day of the month would give a performance of 9.23% on the backtest period.

Performance at glance

Performance

9.23 %

Latent gain

207.55 $

Invested capital

2247.7 $

Annualized return

2.23 %
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Momentum strategy results on Invesco Trust for Investment Grade Municipals

This is the result of two momentum investment strategies applied to Invesco Trust for Investment Grade Municipals. The first strategy uses a momentum signal calculated on one quarter, and the second uses a momentum signal calculated on two quarters.

Momentum entry openings on Invesco Trust for Investment Grade Municipals

The following chart shows all the entries opened by the momentum investment system on Invesco Trust for Investment Grade Municipals:

Invesco Trust for Investment Grade Municipals momentum entries
  • The first momentum investment strategy would give 11.68% of return on Invesco Trust for Investment Grade Municipals. That represents 671.8$ of latent gain with 5753.94$ of employed capital.
  • The second momentum investment strategy would give 11.91% of return on Invesco Trust for Investment Grade Municipals. That represents 447.91$ of latent gain with 3761.09$ of employed capital.
Performance at glance (1Q Momentum)

Performance

11.68 %

Latent gain

671.8 $

Invested capital

5753.94 $

Annualized return

4.77 %
Performance at glance (2Q Momentum)

Performance

11.91 %

Latent gain

447.91 $

Invested capital

3761.09 $

Annualized return

3.25 %

Momentum equity curve on Invesco Trust for Investment Grade Municipals

The following chart shows the equity curve of the two momentum strategies applied to Invesco Trust for Investment Grade Municipals:

Invesco Trust for Investment Grade Municipals momentum equity

Note: the dividends potentially given by Invesco Trust for Investment Grade Municipals are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on Invesco Trust for Investment Grade Municipals

The following chart shows the employed capital evolution of the two momentum strategies on Invesco Trust for Investment Grade Municipals since the beginning:

Invesco Trust for Investment Grade Municipals

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250$, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000$.


Buy the dip strategy result on Invesco Trust for Investment Grade Municipals

Buy the dip entry openings on Invesco Trust for Investment Grade Municipals

Invesco Trust for Investment Grade Municipals

The performance achieved by the robo-advisor on Invesco Trust for Investment Grade Municipals is 10.2%. That represents 102.61$ of latent gain with 1005.76$ of employed capital. The following chart shows Invesco Trust for Investment Grade Municipals stock price with all the entries opened by the automated investment system.

Note: The blue line represents the weekly stock price of Invesco Trust for Investment Grade Municipals, and the green triangles represent the entry openings. The artificall robo-advisor needs at least 100 weeks of trading history to work.

Performance at glance

Performance

10.2 %

Latent gain

102.61 $

Invested capital

1005.76 $

Annualized return

4.77 %

Equity curve of the strategy applied to Invesco Trust for Investment Grade Municipals

The following chart shows the result of the investment strategy applied to Invesco Trust for Investment Grade Municipals:

Invesco Trust for Investment Grade Municipals

Note: the dividends potentially given by Invesco Trust for Investment Grade Municipals are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on Invesco Trust for Investment Grade Municipals

The following chart shows the employed capital evolution since the beginning of the investment strategy on Invesco Trust for Investment Grade Municipals:

Invesco Trust for Investment Grade Municipals

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250$, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000$.


Investment strategies comparison on Invesco Trust for Investment Grade Municipals

In this section, I will compare the three previous investment strategies applied to Invesco Trust for Investment Grade Municipals.

Equity curve comparison on Invesco Trust for Investment Grade Municipals

The following chart shows the equity curve of the artificall advisor, the trend folowing and the automatic investment strategies:

Invesco Trust for Investment Grade Municipals investment strategy comparison

Employed capital comparison on Invesco Trust for Investment Grade Municipals

Invesco Trust for Investment Grade Municipals investment comparison

Performance comparison on Invesco Trust for Investment Grade Municipals

Strategy Latent Profit Growth Employed capital CAGR
Automatic investment 9.23% 207.55$ 2247.7$ 2.23%
Momentum 1 quarter 11.68% 671.8$ 5753.94$ 2.99%
Momentum 2 quarters 11.91% 447.91$ 3761.09$ 3.25%
Non-directional 10.2% 102.61$ 1005.76$ 4.77%
Annualized return comparison

Automatic investment

2.23 %

Momentum 1Q

3.25 %

Momentum 2Q

3.25 %

Non-directional

4.77 %

Correlated stocks

Here are the most positively and negatively correlated stocks with Invesco Trust for Investment Grade Municipals:

Negative correlation

Most negatively correlated stocks this year


Most negatively correlated stocks last 3 months


Note: The algorithm computes the probability of correlation between Invesco Trust for Investment Grade Municipals and the other stocks. There may be false positives or some missing correlated stocks. If the price of Invesco Trust for Investment Grade Municipals does not vary for 36 weeks, the correlation calculation result will be wrong.


Company information

Company name Invesco Trust for Investment Grade Municipals
Country United States
City Atlanta
Address 1555 Peachtree Street, N.E.
Phone 404 892 0896
Website www.invesco.com/portal/site/us/investors/closed-end/product-detail?productId=30626
FullTime employees
Industry Asset Management
Sector Financial Services
Exchange XNYS
Ticker VGM
Market www.nyse.com

Invesco Trust for Investment Grade Municipals ESG Scores

Environment scores

Environment ESG Factors Scores
Environment Score 0
Peer Environment Performance unknown
Environment Percentile unknown
Palm Oil unknown
Nuclear unknown
Fur Leather unknown
GMO unknown
Coal unknown
Pesticides unknown
Animal Testing unknown

Social scores

Social ESG Factors Scores
Social Score 0
Peer Social Performance unknown
Social Percentile unknown
Highest Controversy unknown
Peer Highest Controversy Performance unknown
Adult unknown
Gambling unknown
Alcoholic unknown
Tobacco unknown
Catholic unknown
Controversial Weapons unknown
Small Arms unknown
Military Contract unknown
Peer Count unknown

Related Controversy:


Governance scores

Governance ESG Factors Scores
Governance Score 0
Peer Governance Performance unknown
Governance Percentile unknown

ESG at glance
Total ESG Scores: unknown
Environment Score: 0
Social Score: 0
Governance Score: 0

ESG Performance: unknown

Peer Group: unknown

Peer Esg Score Performance: unknown

Rating Year: unknown

Rating Month: unknown

Max Age: unknown

Percentile: unknown