Hennion & Walsh Asset Management Inc. lowered its stake in shares of Invesco Trust for Investment Grade New York Municipals (NYSE:VTN - Free Report) by 34.1% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 150,218 shares of the investment management company's stock after selling 77,584 shares during the quarter. Hennion & Walsh Asset Management Inc. owned about 0.77% of Invesco Trust for Investment Grade New York Municipals worth $1,732,000 at the end of the most recent quarter.
Separately, Joseph P. Lucia & Associates LLC bought a new position in shares of Invesco Trust for Investment Grade New York Municipals in the second quarter worth about $127,000. Institutional investors and hedge funds own 34.87% of the company's stock.
Insider Transactions at Invesco Trust for Investment Grade New York Municipals
In related news, major shareholder Saba Capital Management, L.P. sold 9,640 shares of the company's stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $11.59, for a total transaction of $111,727.60. Following the completion of the transaction, the insider now directly owns 2,748,018 shares in the company, valued at $31,849,528.62. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.00% of the stock is currently owned by corporate insiders.
Invesco Trust for Investment Grade New York Municipals Price Performance
NYSE:VTN remained flat at $11.15 during mid-day trading on Friday. The company had a trading volume of 33,695 shares, compared to its average volume of 42,105. The firm's 50 day moving average price is $11.44 and its 200 day moving average price is $11.13. Invesco Trust for Investment Grade New York Municipals has a 1 year low of $8.49 and a 1 year high of $11.68.
Invesco Trust for Investment Grade New York Municipals Announces Dividend
The firm also recently disclosed a monthly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Wednesday, October 16th will be given a $0.0685 dividend. The ex-dividend date of this dividend is Wednesday, October 16th. This represents a $0.82 annualized dividend and a dividend yield of 7.37%.
About Invesco Trust for Investment Grade New York Municipals
(
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.
Recommended Stories
Before you consider Invesco Trust for Investment Grade New York Municipals, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Invesco Trust for Investment Grade New York Municipals wasn't on the list.
While Invesco Trust for Investment Grade New York Municipals currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Click the link below and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
