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Invesco Trust for Investment Grade Municipals

VGMFinancial ServicesNASDAQ

Asset Management · Last scanned May 30, 2026

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Financials · Annual
Revenue
$17.5M
-16.9% YoY
Net Income
$17.0M
-16.1% YoY
Free Cash Flow
$27.1M

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About Invesco Trust for Investment Grade Municipals

Part of the financial services sector, Invesco Trust for Investment Grade Municipals (VGM) is listed under Asset Management. With a market capitalization of $559.1M, it sits in small-cap territory. 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.

Key stats
Market Cap$559.1M
P/E (TTM)33.26
EPS$0.31
52W Change+7.1%
Dividend Yield7.52%
ROE2.9%
Analysis

Invesco Trust for Investment Grade Municipals carries $324.6M in total debt, a figure that investors should evaluate relative to the company's earnings power. Annual free cash flow of $27.1M supports ongoing capital allocation decisions and provides a cushion against unexpected expenses or downturns. ROE of 2.9% points to modest capital efficiency, indicating how much profit the company produces per dollar of shareholder equity. ROA of 2.6% is on the lower side, which is common in asset-heavy industries. Revenue has been uneven over recent years, ranging from -$92.5M to $17.5M.

As with any equity investment, VGM carries market risk, sector-specific risk, and company-specific risk that investors should evaluate in the context of their own portfolios. These risk factors are not exhaustive — macroeconomic shifts, regulatory changes, and competitive dynamics can all influence Invesco Trust for Investment Grade Municipals's trajectory.

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