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Tuesday 7/15 Insider Buying Report: VGM, VKQ
Tuesday, July 15, 12:22 PM ET

Bargain hunters are wise to pay careful attention to insider buying, because although there are many various reasons for an insider to sell a stock, presumably the only reason they would use their hard-earned dollars to make a purchase, is that they expect to make money. Today we look at two noteworthy recent insider buys.

At Invesco Van Kampen Trust for Investment Grade Municipals (NYSE:VGM), a filing with the SEC revealed that on Thursday, Director Rodney F. Dammeyer bought 19,490 shares of VGM, at a cost of $12.77 each, for a total investment of $248,887. Invesco Van Kampen Trust for Investment Grade Municipals is trading off about 0.2% on the day Tuesday.

And also on Thursday, Director Rodney F. Dammeyer purchased $248,636 worth of Invesco Van Kampen Municipal Trust (NYSE:VKQ), purchasing 20,330 shares at a cost of $12.23 each. Before this latest buy, Dammeyer made one other purchase in the past twelve months, buying $250,175 shares at a cost of $11.50 each. Invesco Van Kampen Municipal Trust is trading down about 0.1% on the day Tuesday.

For MarketNewsVideo.com, I'm Sayoko Murase.

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