Alpine Global Management LLC Purchases New Position in Invesco Trust for Investment Grade New York Municipals (NYSE:VTN)

Alpine Global Management LLC bought a new stake in shares of Invesco Trust for Investment Grade New York Municipals (NYSE:VTN - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 47,420 shares of the investment management company's stock, valued at approximately $496,000. Alpine Global Management LLC owned about 0.24% of Invesco Trust for Investment Grade New York Municipals at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the business. Rivernorth Capital Management LLC raised its stake in Invesco Trust for Investment Grade New York Municipals by 24.0% in the 3rd quarter. Rivernorth Capital Management LLC now owns 201,747 shares of the investment management company's stock valued at $2,326,000 after acquiring an additional 39,001 shares during the period. Hennion & Walsh Asset Management Inc. raised its holdings in Invesco Trust for Investment Grade New York Municipals by 2.0% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 153,293 shares of the investment management company's stock valued at $1,605,000 after acquiring an additional 3,075 shares during the period. PFG Investments LLC purchased a new stake in shares of Invesco Trust for Investment Grade New York Municipals during the fourth quarter worth $112,000. Joseph P. Lucia & Associates LLC boosted its holdings in shares of Invesco Trust for Investment Grade New York Municipals by 131.3% in the fourth quarter. Joseph P. Lucia & Associates LLC now owns 26,064 shares of the investment management company's stock worth $273,000 after acquiring an additional 14,797 shares during the period. Finally, Wolverine Asset Management LLC grew its position in shares of Invesco Trust for Investment Grade New York Municipals by 1,314.1% in 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 in the last quarter. 34.87% of the stock is currently owned by institutional investors.

Invesco Trust for Investment Grade New York Municipals Stock Performance

Invesco Trust for Investment Grade New York Municipals stock traded up $0.10 during midday trading on Friday, reaching $10.21. 27,576 shares of the stock were exchanged, compared to its average volume of 58,964. The company's fifty day moving average is $10.37 and its 200-day moving average is $10.74. Invesco Trust for Investment Grade New York Municipals has a 52 week low of $9.49 and a 52 week high of $11.68.

Invesco Trust for Investment Grade New York Municipals Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 16th will be issued a $0.0685 dividend. This represents a $0.82 dividend on an annualized basis and a dividend yield of 8.05%. The ex-dividend date of this dividend is Wednesday, April 16th.

Invesco Trust for Investment Grade New York Municipals 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.