Invesco Trust for Investment Grade New York Municipals (NYSE:VTN) Stock Passes Above Two Hundred Day Moving Average – What’s Next?

Invesco Trust for Investment Grade New York Municipals (NYSE:VTN) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $11.10 and traded as high as $11.59. Invesco Trust for Investment Grade New York Municipals shares last traded at $11.52, with a volume of 59,800 shares.

Invesco Trust for Investment Grade New York Municipals Stock Performance

The company has a 50 day simple moving average of $11.43 and a two-hundred day simple moving average of $11.10.

Invesco Trust for Investment Grade New York Municipals Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Wednesday, October 16th will be issued a dividend of $0.0685 per share. The ex-dividend date of this dividend is Wednesday, October 16th. This represents a $0.82 annualized dividend and a dividend yield of 7.14%.

Insider Buying and Selling

In other Invesco Trust for Investment Grade New York Municipals news, major shareholder Saba Capital Management, L.P. sold 9,640 shares of the company’s stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $11.59, for a total transaction of $111,727.60. Following the completion of the sale, the insider now owns 2,748,018 shares of the company’s stock, valued at $31,849,528.62. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.00% of the stock is currently owned by corporate insiders.

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

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Whitebox Advisors LLC boosted its stake in Invesco Trust for Investment Grade New York Municipals by 228.9% during the 2nd quarter. Whitebox Advisors LLC now owns 120,354 shares of the investment management company’s stock valued at $1,353,000 after purchasing an additional 83,766 shares during the period. Sanders Morris Harris LLC acquired a new stake in shares of Invesco Trust for Investment Grade New York Municipals in the first quarter worth $419,000. Joseph P. Lucia & Associates LLC bought a new position in Invesco Trust for Investment Grade New York Municipals during the second quarter worth $127,000. Nomura Holdings Inc. acquired a new position in Invesco Trust for Investment Grade New York Municipals during the 4th quarter valued at $113,000. Finally, Hennion & Walsh Asset Management Inc. boosted its holdings in Invesco Trust for Investment Grade New York Municipals by 3.0% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 227,802 shares of the investment management company’s stock valued at $2,560,000 after purchasing an additional 6,684 shares during the period. 34.87% of the stock is owned by institutional investors and hedge funds.

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.