Invesco Trust for Investment Grade New York Municipals (NYSE:VTN – Get Free Report) declared a monthly dividend on Wednesday, April 3rd, Wall Street Journal reports. Investors of record on Tuesday, April 16th will be paid 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 dividend yield of 4.45%. The ex-dividend date is Monday, April 15th.
Invesco Trust for Investment Grade New York Municipals Stock Down 0.9 %
VTN traded down $0.10 on Wednesday, reaching $10.62. The stock had a trading volume of 12,846 shares, compared to its average volume of 37,771. Invesco Trust for Investment Grade New York Municipals has a 12-month low of $8.49 and a 12-month high of $10.84. The business’s 50-day moving average price is $10.61 and its two-hundred day moving average price is $10.01.
Insider Activity
In related news, major shareholder Saba Capital Management, L.P. bought 43,299 shares of the company’s stock in a transaction dated Friday, January 5th. The shares were acquired at an average price of $10.47 per share, for a total transaction of $453,340.53. Following the completion of the transaction, the insider now directly owns 2,701,024 shares in the company, valued at $28,279,721.28. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders have purchased a total of 69,776 shares of company stock worth $733,462 over the last 90 days. 1.00% of the stock is currently owned by company insiders.
Hedge Funds Weigh In On Invesco Trust for Investment Grade New York Municipals
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.
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