Inv Vk Invt Ny (NYSE:VTN) to Issue $0.07 Monthly Dividend

Key Points

• Inv Vk Invt Ny declared a monthly dividend of $0.0685 per share, payable September 30 to shareholders of record on September 14. The dividend represents an annualized yield of approximately 7.8%.
• VTN opened at $10.59, below its 50-day and 200-day moving averages of $11.17 and $11.20, respectively. Its 52-week trading range is $10.08 to $12.10.
• Institutional investors hold 34.87% of the fund, with several major firms—including Susquehanna, LPL Financial, Bank of America and Royal Bank of Canada—recently increasing their stakes.

Inv Vk Invt Ny (NYSE:VTN - Get Free Report) announced a monthly dividend on Tuesday, September 1st. Shareholders of record on Monday, September 14th will be paid a dividend of 0.0685 per share by the investment management company on Wednesday, September 30th. This represents a c) dividend on an annualized basis and a yield of 7.8%. The ex-dividend date is Monday, September 14th.

Inv Vk Invt Ny Price Performance

NYSE:VTN opened at $10.59 on Wednesday. The business's 50-day simple moving average is $11.17 and its two-hundred day simple moving average is $11.20. Inv Vk Invt Ny has a 52 week low of $10.08 and a 52 week high of $12.10.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Susquehanna International Group LLP grew its holdings in Inv Vk Invt Ny by 17.6% during the 3rd quarter. Susquehanna International Group LLP now owns 12,425 shares of the investment management company's stock valued at $137,000 after buying an additional 1,861 shares in the last quarter. LPL Financial LLC grew its stake in Inv Vk Invt Ny by 20.0% during the fourth quarter. LPL Financial LLC now owns 40,266 shares of the investment management company's stock valued at $463,000 after acquiring an additional 6,699 shares in the last quarter. Bank of America Corp DE grew its stake in Inv Vk Invt Ny by 6.8% during the second quarter. Bank of America Corp DE now owns 112,148 shares of the investment management company's stock valued at $1,171,000 after acquiring an additional 7,184 shares in the last quarter. Royal Bank of Canada increased its holdings in Inv Vk Invt Ny by 7.5% in the 4th quarter. Royal Bank of Canada now owns 170,015 shares of the investment management company's stock valued at $1,957,000 after acquiring an additional 11,900 shares during the last quarter. Finally, &PARTNERS purchased a new stake in Inv Vk Invt Ny in the 4th quarter worth $147,000. 34.87% of the stock is owned by hedge funds and other institutional investors.

About Inv Vk Invt Ny

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. The fund primarily invests in investment grade New York municipal securities which include municipal bonds, municipal notes, municipal commercial paper, and lease obligations.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source