Invesco Trust for Investment Grade New York Municipals (NYSE:VTN) Stock Passes Above 200-Day Moving Average of $11.00

Invesco Trust for Investment Grade New York Municipals (NYSE:VTN) shares crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $11.00 and traded as high as $11.55. Invesco Trust for Investment Grade New York Municipals shares last traded at $11.55, with a volume of 23,027 shares traded.

Invesco Trust for Investment Grade New York Municipals Stock Performance

The firm has a 50 day moving average price of $11.35 and a two-hundred day moving average price of $11.00.

Invesco Trust for Investment Grade New York Municipals Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, September 30th. Shareholders of record on Tuesday, September 17th will be issued a dividend of $0.0685 per share. The ex-dividend date of this dividend is Tuesday, September 17th. This represents a $0.82 annualized dividend and a yield of 7.12%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Hennion & Walsh Asset Management Inc. boosted its position in shares of Invesco Trust for Investment Grade New York Municipals by 3.0% in the second quarter. Hennion & Walsh Asset Management Inc. now owns 227,802 shares of the investment management company’s stock worth $2,560,000 after buying an additional 6,684 shares during the period. Nomura Holdings Inc. purchased a new stake in Invesco Trust for Investment Grade New York Municipals in the 4th quarter worth about $113,000. Joseph P. Lucia & Associates LLC acquired a new stake in Invesco Trust for Investment Grade New York Municipals during the 2nd quarter worth about $127,000. Scarborough Advisors LLC purchased a new position in Invesco Trust for Investment Grade New York Municipals during the 4th quarter valued at about $260,000. Finally, Whitebox Advisors LLC acquired a new position in shares of Invesco Trust for Investment Grade New York Municipals in the 1st quarter valued at about $393,000. 34.87% of the stock is currently 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.