Invesco Trust for Investment Grade New York Municipals (NYSE:VTN – Get Free Report) announced a monthly dividend on Friday, May 3rd, Wall Street Journal reports. Investors of record on Thursday, May 16th will be given a dividend of 0.0394 per share by the investment management company on Friday, May 31st. This represents a $0.47 dividend on an annualized basis and a yield of 4.48%. The ex-dividend date of this dividend is Wednesday, May 15th.
Invesco Trust for Investment Grade New York Municipals Stock Up 1.0 %
VTN traded up $0.11 during midday trading on Friday, reaching $10.55. 17,439 shares of the company’s stock were exchanged, compared to its average volume of 40,128. The business has a 50-day simple moving average of $10.59 and a two-hundred day simple moving average of $10.20. Invesco Trust for Investment Grade New York Municipals has a one year low of $8.49 and a one year high of $10.84.
Insider Buying and Selling
In related news, major shareholder Saba Capital Management, L.P. purchased 3,373 shares of the stock in a transaction on Monday, March 11th. The shares were purchased at an average cost of $10.66 per share, for a total transaction of $35,956.18. Following the completion of the transaction, the insider now directly owns 2,757,652 shares of the company’s stock, valued at approximately $29,396,570.32. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.00% of the stock is owned by corporate insiders.
About Invesco Trust for Investment Grade New York Municipals
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.
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