Invesco Trust for Investment Grade New York Municipals (NYSE:VTN) Stock Price Crosses Below 200 Day Moving Average - Should You Sell?

Invesco Trust for Investment Grade New York Municipals (NYSE:VTN - Get Free Report) shares passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $11.12 and traded as low as $10.55. Invesco Trust for Investment Grade New York Municipals shares last traded at $10.55, with a volume of 73,069 shares changing hands.

Invesco Trust for Investment Grade New York Municipals Trading Up 0.8 %

The company's fifty day moving average price is $10.57 and its 200-day moving average price is $11.10.

Invesco Trust for Investment Grade New York Municipals Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, February 28th. Stockholders of record on Tuesday, February 18th will be issued a dividend of $0.0685 per share. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $0.82 annualized dividend and a dividend yield of 7.77%.

Hedge Funds Weigh In On Invesco Trust for Investment Grade New York Municipals

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Hennion & Walsh Asset Management Inc. increased its holdings in Invesco Trust for Investment Grade New York Municipals by 2.0% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 153,293 shares of the investment management company's stock worth $1,605,000 after buying an additional 3,075 shares during the period. Stifel Financial Corp increased its holdings in Invesco Trust for Investment Grade New York Municipals by 19.4% in the 4th quarter. Stifel Financial Corp now owns 45,616 shares of the investment management company's stock worth $478,000 after buying an additional 7,418 shares during the period. Raymond James Financial Inc. acquired a new position in Invesco Trust for Investment Grade New York Municipals in the 4th quarter worth approximately $112,000. PFG Investments LLC acquired a new position in Invesco Trust for Investment Grade New York Municipals in the 4th quarter worth approximately $112,000. Finally, Walleye Capital LLC acquired a new position in Invesco Trust for Investment Grade New York Municipals in the 4th quarter worth approximately $115,000. Institutional investors and hedge funds 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.