Shares of Invesco Trust for Investment Grade New York Municipals (NYSE:VTN - Get Free Report) passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $11.17 and traded as low as $11.17. Invesco Trust for Investment Grade New York Municipals shares last traded at $11.17, with a volume of 59,905 shares trading hands.
Invesco Trust for Investment Grade New York Municipals Stock Performance
The business's 50 day simple moving average is $11.42 and its two-hundred day simple moving average is $11.17.
Invesco Trust for Investment Grade New York Municipals Announces Dividend
The company also recently disclosed a monthly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 15th will be issued a $0.0685 dividend. The ex-dividend date is Friday, November 15th. This represents a $0.82 dividend on an annualized basis and a yield of 7.33%.
Insider Buying and Selling at Invesco Trust for Investment Grade New York Municipals
In other news, major shareholder Saba Capital Management, L.P. sold 9,640 shares of the business's stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $11.59, for a total value of $111,727.60. Following the completion of the transaction, the insider now owns 2,748,018 shares in the company, valued at $31,849,528.62. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 1.00% of the company's stock.
Institutional Trading of Invesco Trust for Investment Grade New York Municipals
Institutional investors have recently made changes to their positions in the stock. Hennion & Walsh Asset Management Inc. lifted its position in 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 purchasing an additional 6,684 shares during the period. Whitebox Advisors LLC raised 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 buying an additional 83,766 shares during the last quarter. Finally, Joseph P. Lucia & Associates LLC bought a new position in shares of Invesco Trust for Investment Grade New York Municipals during the 2nd quarter valued at $127,000. Hedge funds and other institutional investors own 34.87% of the company's stock.
About Invesco Trust for Investment Grade New York Municipals
(
Get Free Report)
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.
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