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Invesco Trust For Inv Grade Munis (VGM)
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Upturn Advisory Summary
10/15/2025: VGM (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
Analysis of Past Performance
Type Stock | Historic Profit 7.5% | Avg. Invested days 43 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating | Upturn Advisory Performance  2.0 | Stock Returns Performance  2.0 |
| Profits based on simulation | Last Close 10/15/2025 |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 514.12M USD | Price to earnings Ratio 24.95 | 1Y Target Price - |
Price to earnings Ratio 24.95 | 1Y Target Price - | ||
Volume (30-day avg) - | Beta 0.67 | 52 Weeks Range 9.28 - 10.70 | Updated Date 06/29/2025 |
52 Weeks Range 9.28 - 10.70 | Updated Date 06/29/2025 | ||
Dividends yield (FY) 8.18% | Basic EPS (TTM) 0.38 |
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 47.96% | Operating Margin (TTM) 87.17% |
Management Effectiveness
Return on Assets (TTM) 2.49% | Return on Equity (TTM) 3.34% |
Valuation
Trailing PE 24.95 | Forward PE - | Enterprise Value 794670016 | Price to Sales(TTM) 12.15 |
Enterprise Value 794670016 | Price to Sales(TTM) 12.15 | ||
Enterprise Value to Revenue 27 | Enterprise Value to EBITDA - | Shares Outstanding 54232000 | Shares Floating - |
Shares Outstanding 54232000 | Shares Floating - | ||
Percent Insiders - | Percent Institutions 37.63 |
Upturn AI SWOT
Invesco Trust For Inv Grade Munis
Company Overview
History and Background
Invesco Trust For Investment Grade Municipals is a closed-end management investment company. It seeks to provide common shareholders with a high level of current income exempt from federal income tax, consistent with preservation of capital.
Core Business Areas
- Investment Grade Municipal Bonds: Investing in a portfolio of investment-grade municipal bonds, focusing on tax-exempt income. The trust aims to provide consistent returns and capital preservation.
Leadership and Structure
The fund is managed by Invesco Advisers, Inc. The portfolio management team is responsible for the day-to-day investment decisions.
Top Products and Market Share
Key Offerings
- Investment Grade Municipal Bonds: Primarily focuses on a diversified portfolio of investment-grade municipal bonds. Market share data isn't directly applicable to closed-end funds in the same way as operating companies. Competitors include other municipal bond funds managed by firms like BlackRock, Nuveen, and Franklin Templeton.
Market Dynamics
Industry Overview
The municipal bond market is influenced by interest rates, tax policies, and the creditworthiness of municipal issuers. Demand is generally driven by investors seeking tax-exempt income.
Positioning
Invesco Trust For Investment Grade Municipals positions itself as a provider of tax-exempt income through a diversified portfolio of investment-grade municipal bonds. Its competitive advantage relies on Invesco's expertise in fixed income management.
Total Addressable Market (TAM)
The TAM is the total US municipal bond market, valued in the trillions of dollars. Invesco's fund aims to capture a segment of this market by focusing on investment-grade securities.
Upturn SWOT Analysis
Strengths
- Experienced management team
- Diversified portfolio of investment-grade municipal bonds
- Tax-exempt income for investors
- Established brand recognition
Weaknesses
- Sensitivity to interest rate changes
- Potential for credit risk in municipal bonds
- Closed-end fund structure can lead to trading at a discount to NAV
- Management fees reduce investor returns
Opportunities
- Increasing demand for tax-exempt income in a rising tax environment
- Potential for capital appreciation in a declining interest rate environment
- Expansion of the municipal bond market
- Innovative investment strategies
Threats
- Rising interest rates
- Increased competition from other municipal bond funds
- Changes in tax laws that reduce the attractiveness of municipal bonds
- Economic downturn leading to municipal defaults
Competitors and Market Share
Key Competitors
- VGM (VGM)
- NUV (NUV)
- EIM (EIM)
Competitive Landscape
The fund operates in a competitive market for municipal bond investments. Key differentiators include investment strategy, expense ratio, and distribution rate.
Growth Trajectory and Initiatives
Historical Growth: Growth is dependent on the fund's ability to attract and retain assets, which is influenced by investment performance and market conditions.
Future Projections: Future projections are influenced by factors such as interest rate forecasts, tax policy changes, and economic growth.
Recent Initiatives: Initiatives often involve optimizing portfolio composition, managing expenses, and enhancing shareholder communication.
Summary
Invesco Trust for Investment Grade Municipals is a closed-end fund focused on providing tax-exempt income through investment-grade municipal bonds. Its success depends on navigating interest rate fluctuations and managing credit risk effectively. The fund benefits from Invesco's expertise, but faces competition and regulatory uncertainties. Maintaining a diversified portfolio and attractive yield are key for attracting and retaining investors.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Invesco Fund Fact Sheet
- Morningstar
- SEC Filings
Disclaimers:
The information provided is for informational purposes only and should not be construed as investment advice. Market share figures are estimates and may vary. Investment decisions should be based on individual circumstances and consultation with a financial professional.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Invesco Trust For Inv Grade Munis
Exchange NYSE | Headquaters Atlanta, GA, United States | ||
IPO Launch date 1992-02-19 | CEO - | ||
Sector Financial Services | Industry Asset Management | Full time employees - | |
Full time employees - | |||
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.
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