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

Karpus Management Inc. cut its stake in shares of Invesco Trust for Investment Grade New York Municipals (NYSE:VTN) by 2.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 68,675 shares of the investment management company’s stock after selling 1,625 shares during the period. Karpus Management Inc. owned about 0.35% of Invesco Trust for Investment Grade New York Municipals worth $738,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Blue Bell Private Wealth Management LLC bought a new stake in shares of Invesco Trust for Investment Grade New York Municipals during the 4th quarter valued at $54,000. Nomura Holdings Inc. bought a new stake in shares of Invesco Trust for Investment Grade New York Municipals during the 4th quarter valued at $113,000. Scarborough Advisors LLC bought a new stake in shares of Invesco Trust for Investment Grade New York Municipals during the 4th quarter valued at $260,000. Sanders Morris Harris LLC bought a new stake in shares of Invesco Trust for Investment Grade New York Municipals during the 1st quarter valued at $419,000. Finally, Robinson Capital Management LLC boosted its holdings in Invesco Trust for Investment Grade New York Municipals by 83.8% in the 4th quarter. Robinson Capital Management LLC now owns 383,936 shares of the investment management company’s stock worth $3,989,000 after buying an additional 175,000 shares during the period. 34.87% of the stock is currently owned by hedge funds and other institutional investors.

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

Invesco Trust for Investment Grade New York Municipals stock traded up $0.01 during mid-day trading on Thursday, hitting $11.19. The stock had a trading volume of 37,695 shares, 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 one year low of $8.49 and a one year high of $11.44.

Invesco Trust for Investment Grade New York Municipals Dividend Announcement

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

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.