Sit Investment Associates Inc. Sells 2,712 Shares of Invesco Trust for Investment Grade New York Municipals (NYSE:VTN)

Sit Investment Associates Inc. decreased its stake in shares of Invesco Trust for Investment Grade New York Municipals (NYSE:VTN) by 0.8% during the second quarter, Holdings Channel reports. The firm owned 331,012 shares of the investment management company’s stock after selling 2,712 shares during the quarter. Sit Investment Associates Inc.’s holdings in Invesco Trust for Investment Grade New York Municipals were worth $3,383,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Wolverine Asset Management LLC bought a new position in shares of Invesco Trust for Investment Grade New York Municipals in the 2nd quarter worth approximately $86,000. Credit Suisse AG bought a new position in Invesco Trust for Investment Grade New York Municipals in the second quarter worth approximately $96,000. Susquehanna International Group LLP bought a new position in Invesco Trust for Investment Grade New York Municipals in the fourth quarter worth approximately $109,000. Wells Fargo & Company MN boosted its stake in shares of Invesco Trust for Investment Grade New York Municipals by 12.9% during the 4th quarter. Wells Fargo & Company MN now owns 15,336 shares of the investment management company’s stock worth $155,000 after acquiring an additional 1,750 shares during the last quarter. Finally, Bank of Montreal Can bought a new stake in shares of Invesco Trust for Investment Grade New York Municipals during the 2nd quarter valued at $248,000. Hedge funds and other institutional investors own 25.19% of the company’s stock.

Invesco Trust for Investment Grade New York Municipals Stock Performance

NYSE:VTN opened at $9.57 on Thursday. Invesco Trust for Investment Grade New York Municipals has a one year low of $8.49 and a one year high of $10.95. The business has a fifty day moving average price of $9.12 and a 200-day moving average price of $9.73.

Invesco Trust for Investment Grade New York Municipals Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Thursday, November 30th. Shareholders of record on Wednesday, November 15th will be given a $0.032 dividend. This represents a $0.38 dividend on an annualized basis and a yield of 4.01%. The ex-dividend date is Tuesday, November 14th.

Insider Transactions at Invesco Trust for Investment Grade New York Municipals

In related news, major shareholder Saba Capital Management, L.P. acquired 40,178 shares of the business’s stock in a transaction that occurred on Monday, November 6th. The stock was bought at an average cost of $9.05 per share, for a total transaction of $363,610.90. Following the purchase, the insider now owns 2,149,446 shares in the company, valued at approximately $19,452,486.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders have purchased 161,913 shares of company stock valued at $1,496,469 over the last quarter. 1.00% of the stock is currently owned by company insiders.

Invesco Trust for Investment Grade New York Municipals 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.