VTN vs. VBF, DHF, EMD, SPE, BANX, OFS, JHI, PUYI, OXLC, and PLBC
Should you be buying Invesco Trust for Investment Grade New York Municipals stock or one of its competitors? The main competitors of Invesco Trust for Investment Grade New York Municipals include Invesco Bond Fund (VBF), BNY Mellon High Yield Strategies Fund (DHF), Western Asset Emerging Markets Debt Fund (EMD), Special Opportunities Fund (SPE), ArrowMark Financial (BANX), OFS Capital (OFS), John Hancock Investors Trust (JHI), Highest Performances (PUYI), Oxford Lane Capital (OXLC), and Plumas Bancorp (PLBC).
Invesco Bond Fund (NYSE:VBF) and Invesco Trust for Investment Grade New York Municipals (NYSE:VTN) are both small-cap finance companies, but which is the better investment? We will contrast the two businesses based on the strength of their valuation, earnings, dividends, community ranking, media sentiment, profitability, risk, institutional ownership and analyst recommendations.
43.7% of Invesco Bond Fund shares are held by institutional investors. Comparatively, 34.9% of Invesco Trust for Investment Grade New York Municipals shares are held by institutional investors. 20.3% of Invesco Bond Fund shares are held by company insiders. Comparatively, 1.0% of Invesco Trust for Investment Grade New York Municipals shares are held by company insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a company is poised for long-term growth.
Invesco Bond Fund pays an annual dividend of $0.81 per share and has a dividend yield of 5.3%. Invesco Trust for Investment Grade New York Municipals pays an annual dividend of $0.41 per share and has a dividend yield of 4.0%.
Invesco Bond Fund received 66 more outperform votes than Invesco Trust for Investment Grade New York Municipals when rated by MarketBeat users. However, 73.10% of users gave Invesco Trust for Investment Grade New York Municipals an outperform vote while only 70.23% of users gave Invesco Bond Fund an outperform vote.
In the previous week, Invesco Bond Fund had 1 more articles in the media than Invesco Trust for Investment Grade New York Municipals. MarketBeat recorded 1 mentions for Invesco Bond Fund and 0 mentions for Invesco Trust for Investment Grade New York Municipals. Invesco Trust for Investment Grade New York Municipals' average media sentiment score of 0.36 beat Invesco Bond Fund's score of 0.00 indicating that Invesco Bond Fund is being referred to more favorably in the media.
Invesco Bond Fund has a beta of 0.44, indicating that its stock price is 56% less volatile than the S&P 500. Comparatively, Invesco Trust for Investment Grade New York Municipals has a beta of 0.55, indicating that its stock price is 45% less volatile than the S&P 500.
Summary
Invesco Bond Fund beats Invesco Trust for Investment Grade New York Municipals on 6 of the 8 factors compared between the two stocks.
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This chart shows the number of new MarketBeat users adding VTN and its top 5 competitors to their watchlist. Each company is represented with a line over a 90 day period.
This chart shows the average media sentiment of NYSE and its competitors over the past 90 days as caculated by MarketBeat. The averaged score is equivalent to the following: Very Negative Sentiment <= -1.5, Negative Sentiment > -1.5 and <= -0.5, Neutral Sentiment > -0.5 and < 0.5, Positive Sentiment >= 0.5 and < 1.5, and Very Positive Sentiment >= 1.5.
Invesco Trust for Investment Grade New York Municipals Competitors List
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