Invesco Trust for Investment Grade New York Municipals (VTN)
Invesco Trust for Investment Grade New York Municipals operates in the Asset Management industry of the Financial Services sector, headquartered in Atlanta, GA, US. The stock last traded at $11.10, down 1.42% on the session, giving a market capitalisation of $162.2M. On trailing twelve-month figures it carries a trailing P/E of 34.69, a net margin of 50.8%. Its beta of 0.68 implies it has historically moved less than the broad market.
The Invesco Trust for Investment Grade New York Municipals is a closed-end mutual fund from Invesco Ltd. that focuses on fixed income investments. Its management is a collaborative effort involving a range of Invesco's global asset management subsidiaries, specifically 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. The fund's primary investment strategy involves allocating capital within the fixed income markets of the United States. It predominantly targets investment-grade municipal debt instruments issued by New York entities, such as municipal bonds, notes, commercial paper, and lease obligations. Its portfolio is constructed using a disciplined methodology that integrates fundamental analysis with a bottom-up approach to security selection. Initially known as Invesco Van Kampen Trust for Investment Grade New York Municipals, this fund commenced operations on March 27, 1992, and is legally established in the United States.
Invesco Trust for Investment Grade New York Municipals is most often compared with the following Financial Services names: