Wells Fargo & Company MN Trims Stock Holdings in Invesco Trust for Investment Grade New York Municipals (NYSE:VTN)

Wells Fargo & Company MN lowered its position in Invesco Trust for Investment Grade New York Municipals (NYSE:VTN) by 29.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,428 shares of the investment management company’s stock after selling 4,799 shares during the quarter. Wells Fargo & Company MN’s holdings in Invesco Trust for Investment Grade New York Municipals were worth $120,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Raymond James Financial Inc. acquired a new stake in Invesco Trust for Investment Grade New York Municipals in the fourth quarter valued at $112,000. Ashton Thomas Securities LLC lifted its position in shares of Invesco Trust for Investment Grade New York Municipals by 145.5% in the fourth quarter. Ashton Thomas Securities LLC now owns 111,700 shares of the investment management company’s stock valued at $1,169,000 after acquiring an additional 66,200 shares in the last quarter. Wolverine Asset Management LLC lifted its position in shares of Invesco Trust for Investment Grade New York Municipals by 1,314.1% in the fourth quarter. Wolverine Asset Management LLC now owns 13,618 shares of the investment management company’s stock valued at $143,000 after acquiring an additional 12,655 shares in the last quarter. LPL Financial LLC purchased a new stake in shares of Invesco Trust for Investment Grade New York Municipals in the fourth quarter valued at $199,000. Finally, Hennion & Walsh Asset Management Inc. lifted its position in shares of Invesco Trust for Investment Grade New York Municipals by 2.0% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 153,293 shares of the investment management company’s stock valued at $1,605,000 after acquiring an additional 3,075 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 Performance

Shares of NYSE:VTN opened at $10.43 on Monday. Invesco Trust for Investment Grade New York Municipals has a 52-week low of $9.49 and a 52-week high of $11.68. The stock’s fifty day simple moving average is $10.31 and its 200-day simple moving average is $10.65.

Invesco Trust for Investment Grade New York Municipals Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, May 30th. Shareholders of record on Friday, May 16th will be paid a dividend of $0.0685 per share. The ex-dividend date of this dividend is Friday, May 16th. This represents a $0.82 annualized dividend and a yield of 7.88%.

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.