November 16, 2016 - By Marguerite Chambers · 0 Comments
Invesco Trust For Investment Grade New York Municipals (NYSE:VTN) institutional sentiment increased to 0.88 in 2016 Q2. Its up 0.10, from 0.78 in 2016Q1. The ratio is more positive, as 7 funds opened new or increased equity positions, while 8 sold and decreased positions in Invesco Trust For Investment Grade New York Municipals. The funds in our partner’s database reported: 984,121 shares, down from 1.01 million shares in 2016Q1. Also, the number of funds holding Invesco Trust For Investment Grade New York Municipals in their top 10 equity positions was flat from 0 to 0 for the same number . Sold All: 3 Reduced: 5 Increased: 6 New Position: 1.
Invesco Trust for Investment Grade New York Municipals , formerly Invesco Van Kampen Trust for Investment Grade New York Municipals, is a diversified, closed-end management investment trust. The company has a market cap of $265.48 million. The Trust’s investment objective is to provide common shareholders with a high level of current income exempt from federal, as well as from New York State and New York City income taxes, consistent with preservation of capital. It currently has negative earnings. Under normal market conditions, the Trust will invest over 80% of its total assets in New York municipal securities rated investment grade at the time of investment.
About 49,657 shares traded hands. Invesco Van Kmpn Trst for Inv Gr NY Mcps (NYSE:VTN) has declined 13.60% since April 14, 2016 and is downtrending. It has underperformed by 18.28% the S&P500.
Lucas Capital Management holds 0.26% of its portfolio in Invesco Van Kmpn Trst for Inv Gr NY Mcps for 22,435 shares. Essex Financial Services Inc. owns 15,286 shares or 0.06% of their US portfolio. Moreover, Advisory Services Network Llc has 0.04% invested in the company for 9,800 shares. The Illinois-based Guggenheim Capital Llc has invested 0.02% in the stock. Horizon Kinetics Llc, a New York-based fund reported 40,273 shares.#img1#
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By Marguerite Chambers