Invesco Trust for Investment Grade New York Municipals (NYSE:VTN) Stock Price Crosses Above 200 Day Moving Average of $11.00

Invesco Trust for Investment Grade New York Municipals (NYSE:VTN) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $11.00 and traded as high as $11.55. Invesco Trust for Investment Grade New York Municipals shares last traded at $11.55, with a volume of 23,027 shares changing hands.

Invesco Trust for Investment Grade New York Municipals Stock Performance

The business’s 50 day moving average price is $11.35 and its 200-day moving average price is $11.00.

Invesco Trust for Investment Grade New York Municipals Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, September 30th. Stockholders of record on Tuesday, September 17th will be paid a $0.0685 dividend. This represents a $0.82 dividend on an annualized basis and a dividend yield of 7.17%. The ex-dividend date of this dividend is Tuesday, September 17th.

Institutional Trading of Invesco Trust for Investment Grade New York Municipals

Hedge funds have recently made changes to their positions in the stock. Hennion & Walsh Asset Management Inc. lifted its holdings in shares of Invesco Trust for Investment Grade New York Municipals by 3.0% during the second quarter. Hennion & Walsh Asset Management Inc. now owns 227,802 shares of the investment management company’s stock valued at $2,560,000 after acquiring an additional 6,684 shares during the period. Nomura Holdings Inc. bought a new position in Invesco Trust for Investment Grade New York Municipals during the fourth quarter worth about $113,000. Sanders Morris Harris LLC acquired a new stake in Invesco Trust for Investment Grade New York Municipals during the first quarter worth approximately $419,000. Scarborough Advisors LLC bought a new stake in shares of Invesco Trust for Investment Grade New York Municipals in the fourth quarter valued at approximately $260,000. Finally, Whitebox Advisors LLC lifted its holdings in shares of 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 worth $1,353,000 after acquiring an additional 83,766 shares during the period. 34.87% of the stock is owned by hedge funds and other institutional investors.

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.