Alpine Global Management LLC Makes New $496,000 Investment in Invesco Trust for Investment Grade New York Municipals (NYSE:VTN)

Alpine Global Management LLC purchased a new position in Invesco Trust for Investment Grade New York Municipals (NYSE:VTN) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 47,420 shares of the investment management company’s stock, valued at approximately $496,000. Alpine Global Management LLC owned 0.24% of Invesco Trust for Investment Grade New York Municipals as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Stifel Financial Corp boosted its holdings in Invesco Trust for Investment Grade New York Municipals by 19.4% in the 4th quarter. Stifel Financial Corp now owns 45,616 shares of the investment management company’s stock worth $478,000 after acquiring an additional 7,418 shares during the period. Raymond James Financial Inc. purchased a new position in Invesco Trust for Investment Grade New York Municipals in the 4th quarter worth approximately $112,000. PFG Investments LLC purchased a new position in Invesco Trust for Investment Grade New York Municipals in the 4th quarter worth approximately $112,000. Walleye Capital LLC purchased a new position in Invesco Trust for Investment Grade New York Municipals in the 4th quarter worth approximately $115,000. Finally, Wolverine Asset Management LLC boosted its holdings in Invesco Trust for Investment Grade New York Municipals by 1,314.1% in the 4th quarter. Wolverine Asset Management LLC now owns 13,618 shares of the investment management company’s stock worth $143,000 after acquiring an additional 12,655 shares during the period. Hedge funds and other institutional investors own 34.87% of the company’s stock.

Invesco Trust for Investment Grade New York Municipals Stock Performance

NYSE VTN opened at $10.20 on Friday. Invesco Trust for Investment Grade New York Municipals has a fifty-two week low of $9.49 and a fifty-two week high of $11.68. The business has a 50 day moving average price of $10.28 and a two-hundred day moving average price of $10.60.

Invesco Trust for Investment Grade New York Municipals Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, May 30th. Shareholders of record on Friday, May 16th will be issued a $0.0685 dividend. This represents a $0.82 dividend on an annualized basis and a yield of 8.06%. The ex-dividend date is Friday, May 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.