Invesco Trust for Investment Grade New York Municipals Declares Monthly Dividend of $0.04 (NYSE:VTN)

Invesco Trust for Investment Grade New York Municipals (NYSE:VTN - Get Free Report) announced a monthly dividend on Monday, April 1st, Wall Street Journal reports. Investors of record on Tuesday, April 16th will be given a dividend of 0.0394 per share by the investment management company on Tuesday, April 30th. This represents a $0.47 annualized dividend and a yield of 4.45%. The ex-dividend date of this dividend is Monday, April 15th.

Invesco Trust for Investment Grade New York Municipals Trading Down 0.9 %

Invesco Trust for Investment Grade New York Municipals stock traded down $0.10 during midday trading on Wednesday, hitting $10.62. The stock had a trading volume of 12,510 shares, compared to its average volume of 37,771. The firm's fifty day moving average is $10.61 and its two-hundred day moving average is $10.01. Invesco Trust for Investment Grade New York Municipals has a 52-week low of $8.49 and a 52-week high of $10.84.

Insider Buying and Selling at Invesco Trust for Investment Grade New York Municipals

In related news, major shareholder Saba Capital Management, L.P. acquired 3,373 shares of the business's stock in a transaction on Monday, March 11th. The stock was acquired at an average cost of $10.66 per share, with a total value of $35,956.18. Following the acquisition, the insider now directly owns 2,757,652 shares in the company, valued at approximately $29,396,570.32. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders purchased a total of 69,776 shares of company stock valued at $733,462 in the last three months. 1.00% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of VTN. Rivernorth Capital Management LLC bought a new position in shares of Invesco Trust for Investment Grade New York Municipals during the 2nd quarter valued at approximately $1,371,000. Logan Stone Capital LLC lifted its position in Invesco Trust for Investment Grade New York Municipals by 195.4% in the fourth quarter. Logan Stone Capital LLC now owns 179,154 shares of the investment management company's stock worth $1,809,000 after buying an additional 118,503 shares during the last quarter. Morgan Stanley lifted its position in Invesco Trust for Investment Grade New York Municipals by 47.9% in the fourth quarter. Morgan Stanley now owns 144,552 shares of the investment management company's stock worth $1,460,000 after buying an additional 46,841 shares during the last quarter. Robinson Capital Management LLC lifted its position in Invesco Trust for Investment Grade New York Municipals by 15.0% in the first quarter. Robinson Capital Management LLC now owns 179,715 shares of the investment management company's stock worth $2,079,000 after buying an additional 23,377 shares during the last quarter. Finally, Stifel Financial Corp lifted its position in Invesco Trust for Investment Grade New York Municipals by 94.9% in the fourth quarter. Stifel Financial Corp now owns 35,738 shares of the investment management company's stock worth $372,000 after buying an additional 17,402 shares during the last quarter. 34.87% of the stock is currently owned by institutional investors.

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.