Inv Vk Invt Ny (NYSE:VTN – Get Free Report) crossed below its two hundred day moving average during trading on Wednesday. The stock has a two hundred day moving average of $10.79 and traded as low as $9.67. Inv Vk Invt Ny shares last traded at $9.70, with a volume of 133,210 shares.
Inv Vk Invt Ny Trading Down 0.8%
The stock’s fifty day simple moving average is $10.03 and its two-hundred day simple moving average is $10.78.
Inv Vk Invt Ny Increases Dividend
The business also recently declared a monthly dividend, which will be paid on Friday, October 30th. Shareholders of record on Wednesday, October 14th will be issued a $0.0685 dividend. The ex-dividend date is Wednesday, October 14th. This is a positive change from Inv Vk Invt Ny’s previous monthly dividend of $0.0685. This represents a $0.82 dividend on an annualized basis and a yield of 8.4%.
Hedge Funds Weigh In On Inv Vk Invt Ny
A hedge fund recently bought a new stake in Inv Vk Invt Ny stock. Integrated Wealth Concepts LLC bought a new position in shares of Inv Vk Invt Ny (NYSE:VTN – Free Report) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 4,200 shares of the investment management company’s stock, valued at approximately $49,000. 34.87% of the stock is currently owned by hedge funds and other institutional investors.
Inv Vk Invt Ny Company Profile
Invesco Trust for Investment Grade New York Municipals (NYSE: VTN) is a closed-end investment company that seeks to provide current income exempt from regular federal income tax and New York State and New York City income taxes.
The fund invests primarily in investment-grade municipal securities issued by or on behalf of governmental entities in New York. Its portfolio may include bonds financing public infrastructure and other essential services, with the fund’s investment strategy focused on generating tax-advantaged income rather than operating a commercial business.
VTN is managed by investment professionals affiliated with Invesco, a global asset-management firm.
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