Invesco Trust for Investment Grade New York Municipals (NYSE:VTN) Announces $0.04 Monthly Dividend

Invesco Trust for Investment Grade New York Municipals (NYSE:VTNGet Free Report) announced a monthly dividend on Monday, April 1st, Wall Street Journal reports. Investors of record on Tuesday, April 16th will be paid a dividend of 0.0394 per share by the investment management company on Tuesday, April 30th. This represents a $0.47 dividend on an annualized basis and a yield of 4.45%. The ex-dividend date of this dividend is Monday, April 15th.

Invesco Trust for Investment Grade New York Municipals Stock Performance

VTN traded down $0.10 during trading on Wednesday, reaching $10.62. 12,510 shares of the company were exchanged, compared to its average volume of 37,771. The company’s 50-day moving average is $10.61 and its two-hundred day moving average is $10.01. Invesco Trust for Investment Grade New York Municipals has a 12-month low of $8.49 and a 12-month high of $10.84.

Insiders Place Their Bets

In other Invesco Trust for Investment Grade New York Municipals news, major shareholder Saba Capital Management, L.P. sold 8,755 shares of the company’s stock in a transaction dated Tuesday, January 9th. The stock was sold at an average price of $10.47, for a total value of $91,664.85. Following the transaction, the insider now directly owns 2,692,269 shares in the company, valued at approximately $28,188,056.43. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have acquired 69,776 shares of company stock worth $733,462 in the last ninety days. 1.00% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Invesco Trust for Investment Grade New York Municipals

A number of institutional investors have recently added to or reduced their stakes in the business. Rivernorth Capital Management LLC bought a new position in shares of Invesco Trust for Investment Grade New York Municipals during the 2nd quarter valued at about $1,371,000. Logan Stone Capital LLC increased its position in shares of Invesco Trust for Investment Grade New York Municipals by 195.4% during the 4th quarter. Logan Stone Capital LLC now owns 179,154 shares of the investment management company’s stock valued at $1,809,000 after purchasing an additional 118,503 shares during the last quarter. Morgan Stanley increased its position in shares of Invesco Trust for Investment Grade New York Municipals by 47.9% during the 4th quarter. Morgan Stanley now owns 144,552 shares of the investment management company’s stock valued at $1,460,000 after purchasing an additional 46,841 shares during the last quarter. Robinson Capital Management LLC increased its position in shares of Invesco Trust for Investment Grade New York Municipals by 15.0% during the 1st quarter. Robinson Capital Management LLC now owns 179,715 shares of the investment management company’s stock valued at $2,079,000 after purchasing an additional 23,377 shares during the last quarter. Finally, Stifel Financial Corp increased its position in shares of Invesco Trust for Investment Grade New York Municipals by 94.9% during the 4th quarter. Stifel Financial Corp now owns 35,738 shares of the investment management company’s stock valued at $372,000 after purchasing an additional 17,402 shares during the last quarter. 34.87% of the stock is currently owned by institutional investors.

About Invesco Trust for Investment Grade New York Municipals

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Invesco Trust for Investment Grade New York 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.

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Dividend History for Invesco Trust for Investment Grade New York Municipals (NYSE:VTN)

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