Invesco Trust for Investment Grade New York Municipals (NYSE:VTN) Shares Acquired by Rivernorth Capital Management LLC

Rivernorth Capital Management LLC grew its stake in Invesco Trust for Investment Grade New York Municipals (NYSE:VTN) by 21.4% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 197,573 shares of the investment management company’s stock after purchasing an additional 34,827 shares during the period. Rivernorth Capital Management LLC owned approximately 1.01% of Invesco Trust for Investment Grade New York Municipals worth $2,278,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Hennion & Walsh Asset Management Inc. grew its holdings in Invesco Trust for Investment Grade New York Municipals by 3.0% during the second quarter. Hennion & Walsh Asset Management Inc. now owns 227,802 shares of the investment management company’s stock worth $2,560,000 after acquiring an additional 6,684 shares during the period. Whitebox Advisors LLC grew its holdings in Invesco Trust for Investment Grade New York Municipals by 228.9% during the second quarter. Whitebox Advisors LLC now owns 120,354 shares of the investment management company’s stock worth $1,353,000 after acquiring an additional 83,766 shares during the period. Finally, Joseph P. Lucia & Associates LLC acquired a new position in Invesco Trust for Investment Grade New York Municipals during the second quarter worth $127,000. Institutional investors and hedge funds own 34.87% of the company’s stock.

Invesco Trust for Investment Grade New York Municipals Price Performance

Shares of VTN stock opened at $11.54 on Thursday. The business’s fifty day moving average price is $11.37 and its 200 day moving average price is $11.29. Invesco Trust for Investment Grade New York Municipals has a 1-year low of $10.15 and a 1-year high of $11.68.

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. Investors 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 Buying and Selling

In other Invesco Trust for Investment Grade New York Municipals news, major shareholder Saba Capital Management, L.P. sold 803,267 shares of the company’s 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 sale, the insider now owns 1,877,124 shares of the company’s stock, valued at approximately $21,586,926. This represents a 29.97 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 1.00% of the stock is currently owned by corporate insiders.

Invesco Trust for Investment Grade New York Municipals 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.