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

Shares of Invesco Trust for Investment Grade New York Municipals (NYSE:VTN) passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $11.32 and traded as low as $11.20. Invesco Trust for Investment Grade New York Municipals shares last traded at $11.23, with a volume of 94,103 shares.

Invesco Trust for Investment Grade New York Municipals Trading Down 1.3 %

The firm has a fifty day moving average price of $11.35 and a 200-day moving average price of $11.31.

Invesco Trust for Investment Grade New York Municipals Dividend Announcement

The firm also recently disclosed a dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 17th will be issued a dividend of $0.0685 per share. The ex-dividend date is Tuesday, December 17th.

Insider Transactions at Invesco Trust for Investment Grade New York Municipals

In related news, major shareholder Saba Capital Management, L.P. sold 803,267 shares of the stock in a transaction on Thursday, October 3rd. The stock was sold at an average price of $11.50, for a total value of $9,237,570.50. Following the transaction, the insider now directly owns 1,877,124 shares of the company’s stock, valued at approximately $21,586,926. This trade represents a 29.97 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 1.00% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Hennion & Walsh Asset Management Inc. raised its position in Invesco Trust for Investment Grade New York Municipals by 3.0% in the second quarter. Hennion & Walsh Asset Management Inc. now owns 227,802 shares of the investment management company’s stock valued at $2,560,000 after purchasing an additional 6,684 shares during the period. Whitebox Advisors LLC raised its position in Invesco Trust for Investment Grade New York Municipals by 228.9% in the second quarter. Whitebox Advisors LLC now owns 120,354 shares of the investment management company’s stock valued at $1,353,000 after purchasing an additional 83,766 shares during the period. Rivernorth Capital Management LLC raised its position in Invesco Trust for Investment Grade New York Municipals by 21.4% in the third quarter. Rivernorth Capital Management LLC now owns 197,573 shares of the investment management company’s stock valued at $2,278,000 after purchasing an additional 34,827 shares during the period. Finally, Joseph P. Lucia & Associates LLC acquired a new stake in shares of Invesco Trust for Investment Grade New York Municipals during the second quarter valued at about $127,000. 34.87% of the stock is owned by hedge funds and other institutional investors.

Invesco Trust for Investment Grade New York Municipals Company Profile

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.