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Invesco Trust For Inv Grade Munis (VGM)
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Upturn Advisory Summary
08/14/2025: 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.
Number of Analysts
0 Analysts rated it
Highly popular stock, broad analyst coverage, trusted insights, strong investor interest.
Analysis of Past Performance
Type Stock | Historic Profit -0.31% | Avg. Invested days 38 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating | Upturn Advisory Performance  2.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 08/14/2025 |
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 New York Municipals (VTF) is a closed-end fund. It invests primarily in investment-grade municipal bonds, focusing on New York. Specific founding year and detailed milestones require access to proprietary data.
Core Business Areas
- Municipal Bond Investments: Primary business segment is investing in a portfolio of investment-grade municipal securities to provide current income exempt from federal and New York state income taxes.
Leadership and Structure
Information about specific leadership and organizational structure for closed-end funds is not typically publicly detailed to the same extent as operating companies. Invesco is the parent asset management firm.
Top Products and Market Share
Key Offerings
- Investment Grade Municipal Bond Portfolio: VTF offers investors access to a diversified portfolio of investment-grade municipal bonds issued by entities within New York. Market share data for individual closed-end funds is not readily available, as they compete based on performance and investment strategy within the broader municipal bond market. Competitors include other closed-end municipal bond funds and open-end municipal bond mutual funds.
Market Dynamics
Industry Overview
The municipal bond market is influenced by interest rates, credit ratings of municipalities, and tax policies. Demand is driven by investors seeking tax-exempt income.
Positioning
VTF is positioned as a provider of tax-exempt income for investors, primarily focusing on New York municipal bonds. Competitive advantages are tied to Invesco's expertise in municipal bond management and its ability to identify undervalued securities.
Total Addressable Market (TAM)
The total US municipal bond market is valued in the trillions of dollars. VTF captures a small percentage of this TAM, focused on the New York segment.
Upturn SWOT Analysis
Strengths
- Tax-exempt income for New York residents
- Professional management by Invesco
- Diversified portfolio of municipal bonds
Weaknesses
- Closed-end fund structure can lead to trading at a discount to net asset value (NAV)
- Geographic concentration in New York municipal bonds
- Vulnerability to changes in interest rates and credit quality
Opportunities
- Rising demand for tax-exempt income in high-tax states
- Potential for improved credit ratings of New York municipalities
- Strategic allocation to undervalued municipal bonds
Threats
- Rising interest rates could decrease bond values
- Deterioration of credit quality of New York municipalities
- Changes in tax laws could reduce the attractiveness of municipal bonds
Competitors and Market Share
Key Competitors
- NUV
- VNY
- NAN
Competitive Landscape
VTF competes with other municipal bond funds based on investment strategy, expense ratio, and track record. Market share is difficult to determine precisely for closed-end funds.
Growth Trajectory and Initiatives
Historical Growth: Growth depends on the performance of the underlying municipal bond portfolio and market demand for the fund.
Future Projections: Future performance is tied to interest rate expectations and the creditworthiness of New York municipalities. Analyst estimates are not typically available for individual closed-end funds.
Recent Initiatives: Recent initiatives likely focus on portfolio management strategies to maximize tax-exempt income while managing risk.
Summary
Invesco Trust For Inv Grade Munis (VTF) is a closed-end fund focusing on tax-exempt income from New York municipal bonds. Its strength lies in providing tax benefits and professional management by Invesco. However, it is vulnerable to interest rate risk and the creditworthiness of New York municipalities. Investors should monitor the fund's discount to NAV and assess if the tax-exempt income stream aligns with their investment goals.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Invesco Official Website
- Morningstar
- SEC Filings
Disclaimers:
The data provided is for informational purposes only and should not be considered investment advice. Market share data for individual closed-end funds is limited. Investors should consult with a financial advisor before making any investment decisions.
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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