Invesco Trust for Investment Grade New York Municipals (NYSE:VTN) Stock Passes Above 200-Day Moving Average of $10.20

Invesco Trust for Investment Grade New York Municipals (NYSE:VTN) shares passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $10.20 and traded as high as $10.48. Invesco Trust for Investment Grade New York Municipals shares last traded at $10.44, with a volume of 13,014 shares traded.

Invesco Trust for Investment Grade New York Municipals Price Performance

The company has a 50-day moving average price of $10.59 and a 200 day moving average price of $10.20.

Invesco Trust for Investment Grade New York Municipals Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, May 31st. Investors of record on Thursday, May 16th will be paid a dividend of $0.0394 per share. The ex-dividend date is Wednesday, May 15th. This represents a $0.47 annualized dividend and a yield of 4.48%.

Insider Buying and Selling

In other Invesco Trust for Investment Grade New York Municipals news, major shareholder Saba Capital Management, L.P. bought 12,890 shares of the company’s stock in a transaction that occurred on Friday, March 8th. The shares were purchased at an average cost of $10.63 per share, for a total transaction of $137,020.70. Following the purchase, the insider now directly owns 2,754,279 shares in the company, valued at $29,277,985.77. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 1.00% of the stock is owned by company insiders.

Institutional Trading of Invesco Trust for Investment Grade New York Municipals

Large investors have recently added to or reduced their stakes in the company. Robinson Capital Management LLC grew its stake in Invesco Trust for Investment Grade New York Municipals by 6.8% during the 3rd quarter. Robinson Capital Management LLC now owns 208,936 shares of the investment management company’s stock valued at $1,891,000 after purchasing an additional 13,329 shares during the last quarter. Fiera Capital Corp grew its holdings in Invesco Trust for Investment Grade New York Municipals by 2.4% during the third quarter. Fiera Capital Corp now owns 349,204 shares of the investment management company’s stock worth $3,181,000 after acquiring an additional 8,209 shares during the period. AQR Arbitrage LLC grew its holdings in Invesco Trust for Investment Grade New York Municipals by 89.9% during the third quarter. AQR Arbitrage LLC now owns 136,986 shares of the investment management company’s stock worth $1,248,000 after acquiring an additional 64,847 shares during the period. Almitas Capital LLC acquired a new stake in Invesco Trust for Investment Grade New York Municipals during the third quarter worth about $166,000. Finally, Fort Point Capital Partners LLC acquired a new stake in Invesco Trust for Investment Grade New York Municipals during the third quarter worth about $161,000. Hedge funds and other institutional investors own 34.87% of the company’s stock.

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.