Invesco Trust for Investment Grade New York Municipals (NYSE:VTN) Stock Crosses Below 200 Day Moving Average of $10.13

Invesco Trust for Investment Grade New York Municipals (NYSE:VTN – Get Rating) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $10.13 and traded as low as $10.11. Invesco Trust for Investment Grade New York Municipals shares last traded at $10.24, with a volume of 37,436 shares trading hands.

Invesco Trust for Investment Grade New York Municipals Stock Performance

The business’s 50-day simple moving average is $10.42 and its 200 day simple moving average is $10.13.

Invesco Trust for Investment Grade New York Municipals Cuts Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, March 31st. Shareholders of record on Wednesday, March 15th will be issued a $0.035 dividend. The ex-dividend date is Tuesday, March 14th. This represents a $0.42 dividend on an annualized basis and a yield of 4.10%.

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

Several large investors have recently bought and sold shares of VTN. Credit Suisse AG bought a new stake in Invesco Trust for Investment Grade New York Municipals in the 2nd quarter worth approximately $96,000. Raymond James & Associates purchased a new stake in shares of Invesco Trust for Investment Grade New York Municipals during the 3rd quarter worth $98,000. Wolverine Asset Management LLC acquired a new position in Invesco Trust for Investment Grade New York Municipals during the 3rd quarter valued at about $103,000. Susquehanna International Group LLP acquired a new position in Invesco Trust for Investment Grade New York Municipals during the 4th quarter valued at about $109,000. Finally, Wells Fargo & Company MN increased its holdings in shares of Invesco Trust for Investment Grade New York Municipals by 12.9% in the fourth quarter. Wells Fargo & Company MN now owns 15,336 shares of the investment management company’s stock valued at $155,000 after purchasing an additional 1,750 shares during the period. 17.76% of the stock is currently owned by institutional investors.

Invesco Trust for Investment Grade New York Municipals Company Profile

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Invesco Trust for Investment Grade New York Municipals operates as a non-diversified, closed-end investment company. It intends to provide common shareholders with current income exempt from federal as well as from New York State and New York City income taxes, consistent with preservation of capital.