Saba Capital Management L.P. Sells 2,556,757 Shares of Invesco Trust for Investment Grade New York Municipals (NYSE:VTN)

Saba Capital Management L.P. cut its holdings in Invesco Trust for Investment Grade New York Municipals (NYSE:VTN - Free Report) by 92.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 200,901 shares of the investment management company's stock after selling 2,556,757 shares during the quarter. Saba Capital Management L.P. owned approximately 1.03% of Invesco Trust for Investment Grade New York Municipals worth $2,103,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of VTN. Ashton Thomas Securities LLC lifted its position in shares of Invesco Trust for Investment Grade New York Municipals by 145.5% in the 4th quarter. Ashton Thomas Securities LLC now owns 111,700 shares of the investment management company's stock worth $1,169,000 after purchasing an additional 66,200 shares during the period. CF Capital LLC purchased a new stake in Invesco Trust for Investment Grade New York Municipals in the fourth quarter worth about $541,000. Alpine Global Management LLC bought a new stake in Invesco Trust for Investment Grade New York Municipals during the 4th quarter valued at approximately $496,000. Balyasny Asset Management L.P. purchased a new position in shares of Invesco Trust for Investment Grade New York Municipals during the 4th quarter worth approximately $204,000. Finally, LPL Financial LLC purchased a new position in shares of Invesco Trust for Investment Grade New York Municipals during the 4th quarter worth approximately $199,000. Hedge funds and other institutional investors own 34.87% of the company's stock.

Invesco Trust for Investment Grade New York Municipals Trading Down 0.4%

Shares of VTN traded down $0.05 on Thursday, reaching $10.17. The stock had a trading volume of 33,714 shares, compared to its average volume of 57,721. The company has a 50-day simple moving average of $10.28 and a 200-day simple moving average of $10.61. Invesco Trust for Investment Grade New York Municipals has a 12-month low of $9.49 and a 12-month high of $11.68.

Invesco Trust for Investment Grade New York Municipals Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, May 30th. Shareholders of record on Friday, May 16th will be issued 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 8.09%.

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.