Invesco Trust for Investment Grade New York Municipals (NYSE:VTN) Shares Cross Below Two Hundred Day Moving Average – Here’s What Happened

Invesco Trust for Investment Grade New York Municipals (NYSE:VTN)’s share price crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $10.96 and traded as low as $10.71. Invesco Trust for Investment Grade New York Municipals shares last traded at $10.73, with a volume of 41,439 shares.

Invesco Trust for Investment Grade New York Municipals Stock Down 1.1 %

The firm’s 50 day moving average is $10.53 and its two-hundred day moving average is $10.96.

Invesco Trust for Investment Grade New York Municipals Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 16th will be paid a dividend of $0.0685 per share. The ex-dividend date is Wednesday, April 16th. This represents a $0.82 annualized dividend and a dividend yield of 7.78%.

Institutional Investors Weigh In On Invesco Trust for Investment Grade New York Municipals

Several institutional investors and hedge funds have recently modified their holdings of VTN. Raymond James Financial Inc. purchased a new stake in shares of Invesco Trust for Investment Grade New York Municipals during the fourth quarter worth about $112,000. PFG Investments LLC acquired a new stake in shares of Invesco Trust for Investment Grade New York Municipals in the 4th quarter valued at about $112,000. Walleye Capital LLC acquired a new position in shares of Invesco Trust for Investment Grade New York Municipals in the 4th quarter worth approximately $115,000. Wolverine Asset Management LLC increased its stake in Invesco Trust for Investment Grade New York Municipals by 1,314.1% during the fourth quarter. Wolverine Asset Management LLC now owns 13,618 shares of the investment management company’s stock valued at $143,000 after purchasing an additional 12,655 shares during the last quarter. Finally, Cary Street Partners Financial LLC bought a new position in Invesco Trust for Investment Grade New York Municipals in the fourth quarter worth about $153,000. Hedge funds and other institutional investors own 34.87% of the company’s stock.

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.