Alpine Global Management LLC Makes New Investment in Invesco Trust for Investment Grade New York Municipals (NYSE:VTN)

Alpine Global Management LLC bought a new position in shares of Invesco Trust for Investment Grade New York Municipals (NYSE:VTN - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 47,420 shares of the investment management company's stock, valued at approximately $496,000. Alpine Global Management LLC owned about 0.24% of Invesco Trust for Investment Grade New York Municipals at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Cary Street Partners Financial LLC purchased a new position in shares of Invesco Trust for Investment Grade New York Municipals during the 4th quarter valued at about $153,000. CF Capital LLC acquired a new position in Invesco Trust for Investment Grade New York Municipals in the fourth quarter valued at approximately $541,000. Balyasny Asset Management L.P. purchased a new stake in Invesco Trust for Investment Grade New York Municipals in the 4th quarter worth approximately $204,000. Bank of America Corp DE grew its stake in shares of Invesco Trust for Investment Grade New York Municipals by 6.5% during the 4th quarter. Bank of America Corp DE now owns 250,348 shares of the investment management company's stock worth $2,621,000 after purchasing an additional 15,185 shares during the period. Finally, Stifel Financial Corp increased its holdings in shares of Invesco Trust for Investment Grade New York Municipals by 19.4% during the 4th quarter. Stifel Financial Corp now owns 45,616 shares of the investment management company's stock valued at $478,000 after purchasing an additional 7,418 shares in the last quarter. 34.87% of the stock is currently owned by institutional investors and hedge funds.

Invesco Trust for Investment Grade New York Municipals Trading Down 0.7%

Shares of Invesco Trust for Investment Grade New York Municipals stock traded down $0.08 during trading hours on Wednesday, reaching $10.15. The stock had a trading volume of 32,517 shares, compared to its average volume of 56,807. Invesco Trust for Investment Grade New York Municipals has a twelve month low of $9.49 and a twelve month high of $11.68. The stock's 50 day moving average is $10.26 and its 200 day moving average is $10.58.

Invesco Trust for Investment Grade New York Municipals Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, May 30th. Investors of record on Friday, May 16th will be paid a $0.0685 dividend. The ex-dividend date is Friday, May 16th. This represents a $0.82 dividend on an annualized basis and a yield of 8.10%.

Invesco Trust for Investment Grade New York Municipals Company 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.