CF Capital LLC Buys New Position in Invesco Trust for Investment Grade New York Municipals (NYSE:VTN)

CF Capital LLC purchased a new position in shares of Invesco Trust for Investment Grade New York Municipals (NYSE:VTN - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 51,707 shares of the investment management company's stock, valued at approximately $541,000. CF Capital LLC owned 0.27% of Invesco Trust for Investment Grade New York Municipals at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the business. Hennion & Walsh Asset Management Inc. raised its position in Invesco Trust for Investment Grade New York Municipals by 2.0% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 153,293 shares of the investment management company's stock valued at $1,605,000 after purchasing an additional 3,075 shares in the last quarter. PFG Investments LLC acquired a new stake in Invesco Trust for Investment Grade New York Municipals in the fourth quarter valued at approximately $112,000. Joseph P. Lucia & Associates LLC lifted its stake in Invesco Trust for Investment Grade New York Municipals by 131.3% in the fourth quarter. Joseph P. Lucia & Associates LLC now owns 26,064 shares of the investment management company's stock worth $273,000 after acquiring an additional 14,797 shares during the last quarter. Wolverine Asset Management LLC increased its position in shares of Invesco Trust for Investment Grade New York Municipals by 1,314.1% in the 4th quarter. Wolverine Asset Management LLC now owns 13,618 shares of the investment management company's stock valued at $143,000 after purchasing an additional 12,655 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in shares of Invesco Trust for Investment Grade New York Municipals in the 4th quarter valued at approximately $112,000. 34.87% of the stock is currently owned by institutional investors and hedge funds.

Invesco Trust for Investment Grade New York Municipals Price Performance

Shares of Invesco Trust for Investment Grade New York Municipals stock traded up $0.05 during trading on Friday, hitting $10.43. 9,441 shares of the stock were exchanged, compared to its average volume of 57,231. The firm's 50-day moving average price is $10.31 and its 200 day moving average price is $10.65. Invesco Trust for Investment Grade New York Municipals has a 12-month low of $9.49 and a 12-month high of $11.68.

Invesco Trust for Investment Grade New York Municipals Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, May 30th. Shareholders of record on Friday, May 16th will be issued a dividend of $0.0685 per share. This represents a $0.82 dividend on an annualized basis and a yield of 7.88%. The ex-dividend date of this dividend is Friday, May 16th.

Invesco Trust for Investment Grade New York Municipals Profile

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.