Karpus Management Inc. Cuts Stake in Invesco Trust for Investment Grade New York Municipals (NYSE:VTN)

Karpus Management Inc. lessened its holdings in shares of Invesco Trust for Investment Grade New York Municipals (NYSE:VTN) by 2.3% in the 1st quarter, Holdings Channel reports. The fund owned 68,675 shares of the investment management company’s stock after selling 1,625 shares during the quarter. Karpus Management Inc.’s holdings in Invesco Trust for Investment Grade New York Municipals were worth $738,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of VTN. Blue Bell Private Wealth Management LLC purchased a new stake in Invesco Trust for Investment Grade New York Municipals during the 4th quarter valued at about $54,000. Nomura Holdings Inc. purchased a new stake in Invesco Trust for Investment Grade New York Municipals during the 4th quarter valued at about $113,000. Scarborough Advisors LLC purchased a new stake in Invesco Trust for Investment Grade New York Municipals during the 4th quarter valued at about $260,000. Sanders Morris Harris LLC purchased a new stake in Invesco Trust for Investment Grade New York Municipals during the 1st quarter valued at about $419,000. Finally, Robinson Capital Management LLC grew its stake in Invesco Trust for Investment Grade New York Municipals by 83.8% during the 4th quarter. Robinson Capital Management LLC now owns 383,936 shares of the investment management company’s stock valued at $3,989,000 after acquiring an additional 175,000 shares in the last quarter. Hedge funds and other institutional investors own 34.87% of the company’s stock.

Invesco Trust for Investment Grade New York Municipals Stock Up 0.1 %

NYSE VTN traded up $0.01 during trading hours on Thursday, hitting $11.19. 37,695 shares of the company’s stock traded hands, compared to its average volume of 38,362. The firm’s 50-day moving average is $11.11 and its 200-day moving average is $10.76. Invesco Trust for Investment Grade New York Municipals has a 52-week low of $8.49 and a 52-week high of $11.44.

Invesco Trust for Investment Grade New York Municipals Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Tuesday, July 16th will be paid a $0.0685 dividend. The ex-dividend date of this dividend is Tuesday, July 16th. This represents a $0.82 annualized dividend and a dividend yield of 7.35%.

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.