Invesco Trust for Investment Grade New York Municipals (NYSE:VTN) Declares Monthly Dividend of $0.04

Invesco Trust for Investment Grade New York Municipals (NYSE:VTNGet Rating) announced a monthly dividend on Thursday, June 2nd, Wall Street Journal reports. Investors of record on Wednesday, June 15th will be given a dividend of 0.0421 per share by the investment management company on Thursday, June 30th. This represents a $0.51 dividend on an annualized basis and a dividend yield of 4.46%. The ex-dividend date is Tuesday, June 14th.

NYSE VTN traded up $0.05 during trading hours on Thursday, hitting $11.34. 10,453 shares of the company were exchanged, compared to its average volume of 45,661. The stock has a 50-day moving average price of $10.95 and a 200 day moving average price of $12.19. Invesco Trust for Investment Grade New York Municipals has a 52 week low of $10.06 and a 52 week high of $14.17.

A number of hedge funds and other institutional investors have recently modified their holdings of VTN. Rivernorth Capital Management LLC increased its stake in Invesco Trust for Investment Grade New York Municipals by 93.3% during the first quarter. Rivernorth Capital Management LLC now owns 145,681 shares of the investment management company’s stock worth $1,688,000 after acquiring an additional 70,315 shares during the last quarter. Morgan Stanley increased its stake in Invesco Trust for Investment Grade New York Municipals by 27.8% during the second quarter. Morgan Stanley now owns 143,862 shares of the investment management company’s stock worth $1,998,000 after acquiring an additional 31,291 shares during the last quarter. Robinson Capital Management LLC increased its stake in Invesco Trust for Investment Grade New York Municipals by 15.0% during the first quarter. Robinson Capital Management LLC now owns 179,715 shares of the investment management company’s stock worth $2,079,000 after acquiring an additional 23,377 shares during the last quarter. Guggenheim Capital LLC increased its stake in Invesco Trust for Investment Grade New York Municipals by 3.4% during the first quarter. Guggenheim Capital LLC now owns 399,959 shares of the investment management company’s stock worth $4,635,000 after acquiring an additional 13,312 shares during the last quarter. Finally, Wells Fargo & Company MN increased its stake in Invesco Trust for Investment Grade New York Municipals by 166.3% during the second quarter. Wells Fargo & Company MN now owns 18,716 shares of the investment management company’s stock worth $260,000 after acquiring an additional 11,688 shares during the last quarter. 21.86% of the stock is currently owned by institutional investors.

About Invesco Trust for Investment Grade New York Municipals (Get Rating)

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.

Further Reading

Dividend History for Invesco Trust for Investment Grade New York Municipals (NYSE:VTN)

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