Invesco Trust for Investment Grade New York Municipals (NYSE:VTN) Share Price Crosses Below 200-Day Moving Average – Time to Sell?

Shares of Invesco Trust for Investment Grade New York Municipals (NYSE:VTN) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $10.96 and traded as low as $10.71. Invesco Trust for Investment Grade New York Municipals shares last traded at $10.73, with a volume of 41,439 shares trading hands.

Invesco Trust for Investment Grade New York Municipals Trading Down 0.2 %

The business’s 50-day moving average price is $10.52 and its two-hundred day moving average price is $10.96.

Invesco Trust for Investment Grade New York Municipals Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be issued a $0.0685 dividend. This represents a $0.82 annualized dividend and a dividend yield of 7.66%. The ex-dividend date of this dividend is Monday, March 17th.

Institutional Trading of Invesco Trust for Investment Grade New York Municipals

A number of institutional investors have recently modified their holdings of VTN. PFG Investments LLC bought a new stake in Invesco Trust for Investment Grade New York Municipals during the fourth quarter worth about $112,000. Raymond James Financial Inc. acquired a new stake in shares of Invesco Trust for Investment Grade New York Municipals in the 4th quarter valued at approximately $112,000. Walleye Capital LLC bought a new position in shares of Invesco Trust for Investment Grade New York Municipals in the fourth quarter valued at $115,000. Wolverine Asset Management LLC increased its holdings in Invesco Trust for Investment Grade New York Municipals by 1,314.1% during the fourth quarter. Wolverine Asset Management LLC now owns 13,618 shares of the investment management company’s stock worth $143,000 after buying an additional 12,655 shares during the last quarter. Finally, Cary Street Partners Financial LLC bought a new stake in Invesco Trust for Investment Grade New York Municipals during the fourth quarter worth $153,000. 34.87% of the stock is currently owned by institutional investors.

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.