Sit Investment Associates Inc. lowered its holdings in Invesco Trust for Investment Grade New York Municipals (NYSE:VTN - Free Report) by 78.8% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 409,252 shares of the investment management company's stock after selling 1,522,408 shares during the quarter. Sit Investment Associates Inc. owned about 2.10% of Invesco Trust for Investment Grade New York Municipals worth $4,285,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Ashton Thomas Securities LLC increased its stake in Invesco Trust for Investment Grade New York Municipals by 145.5% in the fourth quarter. Ashton Thomas Securities LLC now owns 111,700 shares of the investment management company's stock valued at $1,169,000 after purchasing an additional 66,200 shares during the period. LPL Financial LLC purchased a new position in shares of Invesco Trust for Investment Grade New York Municipals during the fourth quarter worth about $199,000. Raymond James Financial Inc. acquired a new position in Invesco Trust for Investment Grade New York Municipals in the 4th quarter valued at about $112,000. Wolverine Asset Management LLC increased its position in Invesco Trust for Investment Grade New York Municipals by 1,314.1% in the 4th quarter. Wolverine Asset Management LLC now owns 13,618 shares of the investment management company's stock valued at $143,000 after acquiring an additional 12,655 shares during the period. Finally, Joseph P. Lucia & Associates LLC raised its stake in 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 valued at $273,000 after acquiring an additional 14,797 shares during the last quarter. Institutional investors and hedge funds own 34.87% of the company's stock.
Invesco Trust for Investment Grade New York Municipals Price Performance
Shares of Invesco Trust for Investment Grade New York Municipals stock traded down $0.04 during trading hours on Friday, hitting $9.79. 33,396 shares of the company were exchanged, compared to its average volume of 58,545. The business has a 50-day moving average of $10.50 and a 200-day moving average of $10.84. Invesco Trust for Investment Grade New York Municipals has a 1 year low of $9.49 and a 1 year high of $11.68.
Invesco Trust for Investment Grade New York Municipals Announces Dividend
The firm also recently announced a monthly dividend, which will be paid on Wednesday, April 30th. Shareholders 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 yield of 8.40%. The ex-dividend date is Wednesday, April 16th.
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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