Invesco Trust for Investment Grade New York Municipals (VTN) To Go Ex-Dividend on April 15th

Invesco Trust for Investment Grade New York Municipals (NYSE:VTN) announced a monthly dividend on Monday, April 1st, Wall Street Journal reports. Investors of record on Tuesday, April 16th will be given a dividend of 0.0394 per share by the investment management company on Tuesday, April 30th. This represents a $0.47 dividend on an annualized basis and a yield of 4.47%. The ex-dividend date of this dividend is Monday, April 15th.

Invesco Trust for Investment Grade New York Municipals Price Performance

VTN stock opened at $10.57 on Friday. Invesco Trust for Investment Grade New York Municipals has a twelve month low of $8.49 and a twelve month high of $10.84. The business’s 50-day simple moving average is $10.63 and its 200 day simple moving average is $10.07.

Insider Buying and Selling at Invesco Trust for Investment Grade New York Municipals

In related news, major shareholder Saba Capital Management, L.P. acquired 12,890 shares of the firm’s stock in a transaction on Friday, March 8th. The shares were bought at an average cost of $10.63 per share, with a total value of $137,020.70. Following the completion of the acquisition, the insider now owns 2,754,279 shares of the company’s stock, valued at $29,277,985.77. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Over the last ninety days, insiders have purchased 17,563 shares of company stock valued at $186,614. 1.00% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Credit Suisse AG bought a new position in Invesco Trust for Investment Grade New York Municipals in the 2nd quarter worth approximately $96,000. Susquehanna International Group LLP bought a new position in Invesco Trust for Investment Grade New York Municipals in the 4th quarter worth approximately $109,000. Nomura Holdings Inc. bought a new stake in shares of Invesco Trust for Investment Grade New York Municipals during the 4th quarter valued at $113,000. Wells Fargo & Company MN raised its position in shares of Invesco Trust for Investment Grade New York Municipals by 12.9% during the 4th quarter. Wells Fargo & Company MN now owns 15,336 shares of the investment management company’s stock valued at $155,000 after acquiring an additional 1,750 shares during the last quarter. Finally, UBS Group AG raised its position in shares of Invesco Trust for Investment Grade New York Municipals by 141.7% during the 2nd quarter. UBS Group AG now owns 25,081 shares of the investment management company’s stock valued at $270,000 after acquiring an additional 14,706 shares during the last quarter. 34.87% of the stock is owned by institutional investors and hedge funds.

About Invesco Trust for Investment Grade New York Municipals

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.