Janney Montgomery Scott LLC Decreases Position in Invesco Trust for Investment Grade New York Municipals (NYSE:VTN)

Janney Montgomery Scott LLC lowered its stake in shares of Invesco Trust for Investment Grade New York Municipals (NYSE:VTNGet Rating) by 13.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 10,532 shares of the investment management company’s stock after selling 1,702 shares during the period. Janney Montgomery Scott LLC owned 0.05% of Invesco Trust for Investment Grade New York Municipals worth $113,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. Karpus Management Inc. increased its stake in shares of Invesco Trust for Investment Grade New York Municipals by 2.4% during the 1st quarter. Karpus Management Inc. now owns 1,019,059 shares of the investment management company’s stock worth $11,811,000 after purchasing an additional 23,650 shares during the last quarter. Hennion & Walsh Asset Management Inc. increased its stake in shares of Invesco Trust for Investment Grade New York Municipals by 6.3% during the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 434,374 shares of the investment management company’s stock worth $4,678,000 after purchasing an additional 25,838 shares during the last quarter. Guggenheim Capital LLC increased its stake in shares of Invesco Trust for Investment Grade New York Municipals by 3.4% during the 1st quarter. Guggenheim Capital LLC now owns 399,959 shares of the investment management company’s stock worth $4,635,000 after purchasing an additional 13,312 shares during the last quarter. Robinson Capital Management LLC grew its stake in Invesco Trust for Investment Grade New York Municipals by 15.0% in the 1st quarter. Robinson Capital Management LLC now owns 179,715 shares of the investment management company’s stock valued at $2,079,000 after buying an additional 23,377 shares in the last quarter. Finally, Rivernorth Capital Management LLC grew its stake in Invesco Trust for Investment Grade New York Municipals by 93.3% in the 1st quarter. Rivernorth Capital Management LLC now owns 145,681 shares of the investment management company’s stock valued at $1,688,000 after buying an additional 70,315 shares in the last quarter. Hedge funds and other institutional investors own 17.17% of the company’s stock.

Invesco Trust for Investment Grade New York Municipals Trading Up 0.4 %

Invesco Trust for Investment Grade New York Municipals stock opened at $9.90 on Friday. Invesco Trust for Investment Grade New York Municipals has a 1-year low of $9.13 and a 1-year high of $13.88. The firm has a 50 day simple moving average of $9.67 and a 200 day simple moving average of $10.40.

Invesco Trust for Investment Grade New York Municipals Cuts Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, November 30th. Investors of record on Tuesday, November 15th will be paid a $0.0371 dividend. The ex-dividend date of this dividend is Monday, November 14th. This represents a $0.45 dividend on an annualized basis and a yield of 4.50%.

Invesco Trust for Investment Grade New York Municipals Company Profile

(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

Institutional Ownership by Quarter for Invesco Trust for Investment Grade New York Municipals (NYSE:VTN)

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