Blue Bell Private Wealth Management LLC Makes New Investment in Invesco Trust for Investment Grade New York Municipals (NYSE:VTN)

Blue Bell Private Wealth Management LLC bought a new position in Invesco Trust for Investment Grade New York Municipals (NYSE:VTN) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 5,213 shares of the investment management company’s stock, valued at approximately $54,000.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Saba Capital Management L.P. increased its holdings in shares of Invesco Trust for Investment Grade New York Municipals by 122.4% in the 3rd quarter. Saba Capital Management L.P. now owns 1,304,789 shares of the investment management company’s stock worth $11,887,000 after purchasing an additional 718,176 shares in the last quarter. Guggenheim Capital LLC boosted its stake in shares of Invesco Trust for Investment Grade New York Municipals by 3.4% in the 1st quarter. Guggenheim Capital LLC now owns 399,959 shares of the investment management company’s stock worth $4,635,000 after buying an additional 13,312 shares during the last quarter. Fiera Capital Corp boosted its stake in shares of Invesco Trust for Investment Grade New York Municipals by 2.4% in the 3rd quarter. Fiera Capital Corp now owns 349,204 shares of the investment management company’s stock worth $3,181,000 after buying an additional 8,209 shares during the last quarter. Robinson Capital Management LLC boosted its stake in shares of Invesco Trust for Investment Grade New York Municipals by 6.8% in the 3rd quarter. Robinson Capital Management LLC now owns 208,936 shares of the investment management company’s stock worth $1,891,000 after buying an additional 13,329 shares during the last quarter. Finally, Logan Stone Capital LLC boosted its stake in shares of Invesco Trust for Investment Grade New York Municipals by 195.4% in the 4th quarter. Logan Stone Capital LLC now owns 179,154 shares of the investment management company’s stock worth $1,809,000 after buying an additional 118,503 shares during the last quarter. Institutional investors own 34.87% of the company’s stock.

Invesco Trust for Investment Grade New York Municipals Stock Performance

VTN stock opened at $10.67 on Tuesday. Invesco Trust for Investment Grade New York Municipals has a 1 year low of $8.49 and a 1 year high of $10.84. The stock’s fifty day moving average price is $10.63 and its 200-day moving average price is $10.05.

Invesco Trust for Investment Grade New York Municipals Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Tuesday, April 16th will be paid a $0.0394 dividend. The ex-dividend date of this dividend is Monday, April 15th. This represents a $0.47 dividend on an annualized basis and a dividend yield of 4.43%.

Insider Transactions at Invesco Trust for Investment Grade New York Municipals

In other news, major shareholder Saba Capital Management, L.P. purchased 3,373 shares of the company’s stock in a transaction dated Monday, March 11th. The shares were purchased at an average cost of $10.66 per share, for a total transaction of $35,956.18. Following the purchase, the insider now directly owns 2,757,652 shares in the company, valued at approximately $29,396,570.32. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders have bought a total of 26,477 shares of company stock worth $280,122 in the last ninety days. Insiders own 1.00% 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.