Rivernorth Capital Management LLC Has $2.33 Million Holdings in Invesco Trust for Investment Grade New York Municipals (NYSE:VTN)

Rivernorth Capital Management LLC lifted its stake in Invesco Trust for Investment Grade New York Municipals (NYSE:VTN) by 24.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 201,747 shares of the investment management company’s stock after acquiring an additional 39,001 shares during the period. Rivernorth Capital Management LLC’s holdings in Invesco Trust for Investment Grade New York Municipals were worth $2,326,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of VTN. Whitebox Advisors LLC grew its position in Invesco Trust for Investment Grade New York Municipals by 228.9% in the 2nd quarter. Whitebox Advisors LLC now owns 120,354 shares of the investment management company’s stock worth $1,353,000 after purchasing an additional 83,766 shares during the last quarter. Joseph P. Lucia & Associates LLC bought a new position in Invesco Trust for Investment Grade New York Municipals during the second quarter valued at about $127,000. Finally, Hennion & Walsh Asset Management Inc. grew its holdings in shares of Invesco Trust for Investment Grade New York Municipals by 3.0% during the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 227,802 shares of the investment management company’s stock worth $2,560,000 after purchasing an additional 6,684 shares in the last quarter. Institutional investors own 34.87% of the company’s stock.

Insider Activity at Invesco Trust for Investment Grade New York Municipals

In other Invesco Trust for Investment Grade New York Municipals news, major shareholder Saba Capital Management, L.P. sold 803,267 shares of the stock in a transaction on Thursday, October 3rd. The stock was sold at an average price of $11.50, for a total transaction of $9,237,570.50. Following the completion of the transaction, the insider now directly owns 1,877,124 shares in the company, valued at $21,586,926. This represents a 29.97 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.00% of the stock is currently owned by insiders.

Invesco Trust for Investment Grade New York Municipals Stock Down 1.4 %

Shares of VTN stock opened at $11.23 on Friday. Invesco Trust for Investment Grade New York Municipals has a one year low of $10.15 and a one year high of $11.68. The stock has a fifty day moving average price of $11.36 and a 200 day moving average price of $11.31.

Invesco Trust for Investment Grade New York Municipals Announces Dividend

The firm also recently announced a dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 17th will be given a dividend of $0.0685 per share. The ex-dividend date of this dividend is Tuesday, December 17th.

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.