Invesco Trust for Investment Grade New York Municipals (NYSE:VTN) Share Price Crosses Below 200 Day Moving Average – What’s Next?

Invesco Trust for Investment Grade New York Municipals (NYSE:VTN) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $11.12 and traded as low as $10.55. Invesco Trust for Investment Grade New York Municipals shares last traded at $10.55, with a volume of 73,069 shares trading hands.

Invesco Trust for Investment Grade New York Municipals Price Performance

The business has a 50 day simple moving average of $10.65 and a 200 day simple moving average of $11.12.

Invesco Trust for Investment Grade New York Municipals Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, February 28th. Stockholders of record on Tuesday, February 18th will be paid a dividend of $0.0685 per share. The ex-dividend date is Tuesday, February 18th. This represents a $0.82 annualized dividend and a dividend yield of 7.79%.

Institutional Trading of Invesco Trust for Investment Grade New York Municipals

Several large investors have recently made changes to their positions in the stock. Hennion & Walsh Asset Management Inc. boosted its stake in shares of Invesco Trust for Investment Grade New York Municipals by 2.0% during the 4th 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 in the last quarter. Raymond James Financial Inc. bought a new stake in Invesco Trust for Investment Grade New York Municipals during the 4th quarter valued at approximately $112,000. PFG Investments LLC bought a new stake in Invesco Trust for Investment Grade New York Municipals during the 4th quarter valued at approximately $112,000. Wolverine Asset Management LLC boosted its stake in Invesco Trust for Investment Grade New York Municipals by 1,314.1% during the 4th quarter. Wolverine Asset Management LLC now owns 13,618 shares of the investment management company’s stock valued at $143,000 after purchasing an additional 12,655 shares during the period. Finally, Joseph P. Lucia & Associates LLC boosted 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 purchasing an additional 14,797 shares during the period. Institutional investors own 34.87% of the company’s stock.

Invesco Trust for Investment Grade New York Municipals Company Profile

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.