Thomas J. Herzfeld Advisors Inc. Cuts Stake in Invesco Trust for Investment Grade New York Municipals (NYSE:VTN)

Thomas J. Herzfeld Advisors Inc. lessened its stake in shares of Invesco Trust for Investment Grade New York Municipals (NYSE:VTN) by 41.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 24,132 shares of the investment management company’s stock after selling 17,401 shares during the period. Thomas J. Herzfeld Advisors Inc. owned 0.12% of Invesco Trust for Investment Grade New York Municipals worth $253,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Rivernorth Capital Management LLC raised its holdings in shares of Invesco Trust for Investment Grade New York Municipals by 21.4% during 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 acquiring an additional 34,827 shares during the last quarter. Hennion & Walsh Asset Management Inc. raised 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 purchasing an additional 3,075 shares during the last quarter. PFG Investments LLC acquired a new position in Invesco Trust for Investment Grade New York Municipals in the 4th quarter valued at $112,000. Joseph P. Lucia & Associates LLC lifted its holdings in Invesco Trust for Investment Grade New York Municipals by 131.3% in the 4th quarter. Joseph P. Lucia & Associates LLC now owns 26,064 shares of the investment management company’s stock valued at $273,000 after purchasing an additional 14,797 shares in the last quarter. Finally, Wolverine Asset Management LLC grew its holdings in shares of Invesco Trust for Investment Grade New York Municipals by 1,314.1% during the fourth quarter. Wolverine Asset Management LLC now owns 13,618 shares of the investment management company’s stock worth $143,000 after buying an additional 12,655 shares in the last quarter. 34.87% of the stock is owned by hedge funds and other institutional investors.

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

Shares of NYSE VTN opened at $10.42 on Tuesday. The firm has a 50-day simple moving average of $10.54 and a 200-day simple moving average of $10.93. Invesco Trust for Investment Grade New York Municipals has a 52 week low of $10.16 and a 52 week high of $11.68.

Invesco Trust for Investment Grade New York Municipals Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 16th will be paid a $0.0685 dividend. This represents a $0.82 dividend on an annualized basis and a yield of 7.89%. The ex-dividend date of this dividend is Wednesday, April 16th.

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.