Invesco Trust for Investment Grade New York Municipals (NYSE:VTN) Stock Price Crosses Below 200-Day Moving Average – Here’s Why

Invesco Trust for Investment Grade New York Municipals (NYSE:VTN) passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $10.96 and traded as low as $10.71. Invesco Trust for Investment Grade New York Municipals shares last traded at $10.73, with a volume of 41,439 shares.

Invesco Trust for Investment Grade New York Municipals Trading Down 1.1 %

The firm’s fifty day simple moving average is $10.53 and its 200 day simple moving average is $10.96.

Invesco Trust for Investment Grade New York Municipals Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, April 30th. Investors of record on Wednesday, April 16th will be issued a $0.0685 dividend. This represents a $0.82 dividend on an annualized basis and a yield of 7.78%. The ex-dividend date is Wednesday, April 16th.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Guggenheim Capital LLC boosted its stake in Invesco Trust for Investment Grade New York Municipals by 3.9% in the fourth quarter. Guggenheim Capital LLC now owns 350,865 shares of the investment management company’s stock valued at $3,674,000 after acquiring an additional 13,277 shares in the last quarter. Bank of America Corp DE raised its stake in shares of Invesco Trust for Investment Grade New York Municipals by 6.5% during the fourth quarter. Bank of America Corp DE now owns 250,348 shares of the investment management company’s stock worth $2,621,000 after purchasing an additional 15,185 shares during the last quarter. Rivernorth Capital Management LLC lifted its holdings in shares of Invesco Trust for Investment Grade New York Municipals by 24.0% during the third quarter. Rivernorth Capital Management LLC now owns 201,747 shares of the investment management company’s stock worth $2,326,000 after purchasing an additional 39,001 shares during the period. Hennion & Walsh Asset Management Inc. increased its stake in Invesco Trust for Investment Grade New York Municipals by 2.0% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 153,293 shares of the investment management company’s stock valued at $1,605,000 after buying an additional 3,075 shares during the period. Finally, Ashton Thomas Securities LLC raised its position in Invesco Trust for Investment Grade New York Municipals by 145.5% during the 4th quarter. Ashton Thomas Securities LLC now owns 111,700 shares of the investment management company’s stock worth $1,169,000 after buying an additional 66,200 shares during the last quarter. Institutional investors and hedge funds own 34.87% 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.