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Invesco Trust for Investment Grade New York Municipals is currently in a long term uptrend where the price is trading 7.0% above its 200 day moving average.
From a valuation standpoint, the stock is 22.8% cheaper than other stocks from the Financial Services sector with a price to sales ratio of 7.0.
Based on the above factors, Invesco Trust for Investment Grade New York Municipals gets an overall score of 2/5.
| Exchange | NYSE |
|---|---|
| CurrencyCode | USD |
| ISIN | US46131T1016 |
| Sector | Financial Services |
| Industry | Asset Management |
| Beta | 0.61 |
|---|---|
| Market Cap | 151M |
| PE Ratio | 10.69 |
| Target Price | None |
| Dividend Yield | 7.9% |
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. The fund primarily invests in investment grade New York municipal securities which include municipal bonds, municipal notes, municipal commercial paper, and lease obligations. It employs fundamental analysis with bottom-up security selection approach to create its portfolio. The fund was formerly known as Invesco Van Kampen Trust for Investment Grade New York Municipals. Invesco Trust for Investment Grade New York Municipals was formed on March 27, 1992 and is domiciled in the United States.
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