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

Key Points

• Inv Vk Invt Ny (VTN) declared a monthly dividend of $0.0685 per share, payable April 30 to shareholders of record April 14, which equates to an approximate 7.4% annualized yield.
• Shares opened at $11.12 and were trading down about 0.4%; the 12‑month range is $9.70–$12.10 and the 50‑ and 200‑day moving averages are roughly $11.38 and $11.33, respectively.
• Institutional ownership totals 34.87%, with recent position increases by Susquehanna, LPL Financial and Bank of America and new stakes from Aventura Private Wealth and Fingerlakes Wealth Management.

Inv Vk Invt Ny (NYSE:VTN - Get Free Report) declared a monthly dividend on Wednesday, April 1st. Shareholders of record on Tuesday, April 14th will be paid a dividend of 0.0685 per share by the investment management company on Thursday, April 30th. This represents a c) annualized dividend and a yield of 7.4%. The ex-dividend date is Tuesday, April 14th.

Inv Vk Invt Ny Trading Down 0.4%

Shares of VTN stock opened at $11.12 on Friday. Inv Vk Invt Ny has a 12 month low of $9.70 and a 12 month high of $12.10. The business's 50 day moving average is $11.38 and its two-hundred day moving average is $11.33.

Hedge Funds Weigh In On Inv Vk Invt Ny

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Susquehanna International Group LLP grew its holdings in Inv Vk Invt Ny by 17.6% during the third quarter. Susquehanna International Group LLP now owns 12,425 shares of the investment management company's stock valued at $137,000 after purchasing an additional 1,861 shares during the last quarter. Aventura Private Wealth LLC acquired a new position in Inv Vk Invt Ny during the fourth quarter valued at approximately $46,000. LPL Financial LLC grew its holdings 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 purchasing an additional 6,699 shares during the last quarter. Bank of America Corp DE grew its holdings 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 purchasing an additional 7,184 shares during the last quarter. Finally, Fingerlakes Wealth Management Inc. bought a new stake in shares of Inv Vk Invt Ny in the third quarter valued at approximately $111,000. Institutional investors and hedge funds own 34.87% of the company's stock.

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.

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