Invesco Trust for Investment Grade New York Municipals (NYSE:VTN) Stake Lowered by Hennion & Walsh Asset Management Inc.

Hennion & Walsh Asset Management Inc. cut its stake in shares of Invesco Trust for Investment Grade New York Municipals (NYSE:VTN) by 21.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 221,118 shares of the investment management company’s stock after selling 59,747 shares during the quarter. Hennion & Walsh Asset Management Inc. owned approximately 1.14% of Invesco Trust for Investment Grade New York Municipals worth $2,377,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Blue Bell Private Wealth Management LLC bought a new position in shares of Invesco Trust for Investment Grade New York Municipals during the fourth quarter valued at approximately $54,000. Nomura Holdings Inc. bought a new position in shares of Invesco Trust for Investment Grade New York Municipals during the fourth quarter valued at approximately $113,000. Almitas Capital LLC bought a new position in Invesco Trust for Investment Grade New York Municipals in the 3rd quarter worth approximately $166,000. Scarborough Advisors LLC bought a new position in Invesco Trust for Investment Grade New York Municipals in the 4th quarter worth approximately $260,000. Finally, Sanders Morris Harris LLC bought a new position in Invesco Trust for Investment Grade New York Municipals in the 1st quarter worth approximately $419,000. 34.87% of the stock is owned by institutional investors.

Invesco Trust for Investment Grade New York Municipals Price Performance

VTN stock remained flat at $11.24 on Friday. The company had a trading volume of 46,309 shares, compared to its average volume of 34,664. Invesco Trust for Investment Grade New York Municipals has a 1-year low of $8.49 and a 1-year high of $11.42. The business has a 50 day simple moving average of $10.85 and a two-hundred day simple moving average of $10.65.

Invesco Trust for Investment Grade New York Municipals Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, June 28th. Investors of record on Tuesday, June 18th were issued a $0.0685 dividend. This represents a $0.82 dividend on an annualized basis and a yield of 7.31%. This is a positive change from Invesco Trust for Investment Grade New York Municipals’s previous monthly dividend of $0.04. The ex-dividend date of this dividend was Tuesday, June 18th.

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.