Indivisible Partners Invests $2.62 Million in Inv Vk Invt Ny $VTN

Key Points

• Indivisible Partners opened a new position in Inv Vk Invt Ny (NYSE:VTN), buying 227,767 shares in Q4 valued at approximately $2.62 million per its 13F filing.
• The fund declared a monthly dividend of $0.0685 per share payable May 29 (record date May 14), implying a roughly 7.4% yield.
• Other institutional moves include Hennion & Walsh increasing its stake by 87.3% to 473,944 shares (about $5.46M), and hedge funds/institutions now own about 34.87% of VTN.

Indivisible Partners purchased a new position in Inv Vk Invt Ny (NYSE:VTN - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 227,767 shares of the investment management company's stock, valued at approximately $2,622,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Hennion & Walsh Asset Management Inc. lifted its stake in shares of Inv Vk Invt Ny by 87.3% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 473,944 shares of the investment management company's stock worth $5,455,000 after buying an additional 220,915 shares in the last quarter. North Ground Capital increased its position in Inv Vk Invt Ny by 73.6% during the third quarter. North Ground Capital now owns 106,729 shares of the investment management company's stock worth $1,176,000 after purchasing an additional 45,256 shares during the last quarter. Alpine Global Management LLC acquired a new stake in Inv Vk Invt Ny during the third quarter worth about $619,000. Bank of America Corp DE increased its position 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 worth $1,171,000 after purchasing an additional 7,184 shares during the last quarter. Finally, Fingerlakes Wealth Management Inc. acquired a new stake in Inv Vk Invt Ny during the third quarter worth about $111,000. 34.87% of the stock is owned by hedge funds and other institutional investors.

Get Inv Vk Invt Ny SMS alerts:

Sign Up

Inv Vk Invt Ny Stock Performance

Inv Vk Invt Ny stock opened at $11.14 on Wednesday. Inv Vk Invt Ny has a 12-month low of $9.97 and a 12-month high of $12.10. The company has a 50-day moving average price of $11.21 and a 200 day moving average price of $11.35.

Inv Vk Invt Ny Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, May 29th. Investors of record on Thursday, May 14th will be given a dividend of $0.0685 per share. This represents a c) annualized dividend and a yield of 7.4%. The ex-dividend date is Thursday, May 14th.

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.