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

Shares of Invesco Trust for Investment Grade New York Municipals (NYSE:VTN) passed below its two hundred day moving average during trading on Monday . The stock has a two hundred 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 traded.

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

The stock has a fifty day moving average price of $10.52 and a two-hundred day moving average price of $10.96.

Invesco Trust for Investment Grade New York Municipals Dividend Announcement

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

Institutional Investors Weigh In On Invesco Trust for Investment Grade New York Municipals

Institutional investors and hedge funds have recently bought and sold shares of the company. Ashton Thomas Securities LLC boosted its holdings in shares of Invesco Trust for Investment Grade New York Municipals by 145.5% in the 4th 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 in the last quarter. CF Capital LLC acquired a new stake in Invesco Trust for Investment Grade New York Municipals in the fourth quarter valued at about $541,000. Alpine Global Management LLC bought a new position in Invesco Trust for Investment Grade New York Municipals in the fourth quarter valued at about $496,000. Rivernorth Capital Management LLC raised its stake in Invesco Trust for Investment Grade New York Municipals by 24.0% during the third quarter. Rivernorth Capital Management LLC now owns 201,747 shares of the investment management company’s stock worth $2,326,000 after acquiring an additional 39,001 shares in the last quarter. Finally, Balyasny Asset Management L.P. bought a new position in shares of Invesco Trust for Investment Grade New York Municipals in the fourth quarter worth about $204,000. Institutional investors own 34.87% of the company’s stock.

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.