Robinson Capital Management LLC trimmed its position in Invesco Trust for Investment Grade New York Municipals (NYSE:VTN - Free Report) by 59.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 98,122 shares of the investment management company's stock after selling 144,719 shares during the period. Robinson Capital Management LLC owned approximately 0.50% of Invesco Trust for Investment Grade New York Municipals worth $1,027,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Rivernorth Capital Management LLC increased its stake in Invesco Trust for Investment Grade New York Municipals by 21.4% in the third quarter. Rivernorth Capital Management LLC now owns 197,573 shares of the investment management company's stock valued at $2,278,000 after purchasing an additional 34,827 shares in the last quarter. Hennion & Walsh Asset Management Inc. raised its holdings in shares of Invesco Trust for Investment Grade New York Municipals by 2.0% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 153,293 shares of the investment management company's stock worth $1,605,000 after acquiring an additional 3,075 shares during the period. PFG Investments LLC acquired a new stake in Invesco Trust for Investment Grade New York Municipals in the 4th quarter valued at $112,000. Finally, Joseph P. Lucia & Associates LLC boosted its stake in shares of Invesco Trust for Investment Grade New York Municipals by 131.3% during the 4th quarter. Joseph P. Lucia & Associates LLC now owns 26,064 shares of the investment management company's stock worth $273,000 after buying an additional 14,797 shares during the last quarter. Institutional investors own 34.87% of the company's stock.
Invesco Trust for Investment Grade New York Municipals Stock Up 0.2 %
Shares of NYSE:VTN traded up $0.03 during trading on Friday, hitting $10.64. 11,584 shares of the company were exchanged, compared to its average volume of 63,790. Invesco Trust for Investment Grade New York Municipals has a fifty-two week low of $10.16 and a fifty-two week high of $11.68. The firm has a fifty day moving average price of $10.51 and a two-hundred day moving average price of $11.08.
Invesco Trust for Investment Grade New York Municipals Announces Dividend
The firm also recently announced a monthly dividend, which will be paid on Friday, February 28th. Investors of record on Tuesday, February 18th will be issued a dividend of $0.0685 per share. This represents a $0.82 dividend on an annualized basis and a dividend yield of 7.73%. The ex-dividend date is Tuesday, February 18th.
Invesco Trust for Investment Grade New York Municipals Company Profile
(
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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