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Invesco Trust For Inv Grade NY Munis (VTN)
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Upturn Advisory Summary
10/15/2025: VTN (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
Analysis of Past Performance
Type Stock | Historic Profit 10.39% | Avg. Invested days 49 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating | Upturn Advisory Performance  3.0 | Stock Returns Performance  2.0 |
| Profits based on simulation | Last Close 10/15/2025 |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 149.74M USD | Price to earnings Ratio 35.34 | 1Y Target Price - |
Price to earnings Ratio 35.34 | 1Y Target Price - | ||
Volume (30-day avg) - | Beta 0.68 | 52 Weeks Range 9.49 - 11.68 | Updated Date 06/29/2025 |
52 Weeks Range 9.49 - 11.68 | Updated Date 06/29/2025 | ||
Dividends yield (FY) 8.02% | Basic EPS (TTM) 0.29 |
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 39% | Operating Margin (TTM) 85.72% |
Management Effectiveness
Return on Assets (TTM) 2.52% | Return on Equity (TTM) 2.88% |
Valuation
Trailing PE 35.34 | Forward PE - | Enterprise Value 346623968 | Price to Sales(TTM) 9.97 |
Enterprise Value 346623968 | Price to Sales(TTM) 9.97 | ||
Enterprise Value to Revenue 30.41 | Enterprise Value to EBITDA - | Shares Outstanding 14608300 | Shares Floating - |
Shares Outstanding 14608300 | Shares Floating - | ||
Percent Insiders - | Percent Institutions 13.34 |
Upturn AI SWOT
Invesco Trust For Inv Grade NY Munis
Company Overview
History and Background
The Invesco Trust for Investment Grade New York Municipals (VTN) is a closed-end fund. It was established to provide current income exempt from federal and New York State and New York City income taxes, consistent with the preservation of capital. Its investment focus is primarily on municipal securities located in New York.
Core Business Areas
- Investment Management: Manages a portfolio of New York municipal securities to generate tax-exempt income.
Leadership and Structure
The fund is managed by Invesco Advisers, Inc. The fund's board oversees the manager and ensures compliance with investment objectives.
Top Products and Market Share
Key Offerings
- Investment Grade New York Municipal Bonds: The fund invests primarily in investment-grade municipal bonds issued by the State of New York and its political subdivisions. The market share cannot be directly quantified as it's a closed-end fund focusing on a specific niche. Competitors include other closed-end municipal bond funds like BlackRock MuniYield New York Quality Fund (MYN) and Nuveen New York Quality Municipal Income Fund (NAN).
Market Dynamics
Industry Overview
The municipal bond market is influenced by factors such as interest rates, tax laws, credit ratings, and economic conditions of the issuing municipalities. Demand is also affected by investor preferences for tax-exempt income.
Positioning
VTN is positioned as a provider of tax-exempt income for investors in New York, focusing on investment-grade municipal bonds. Its competitive advantage lies in its expertise in New York municipal bonds and its closed-end structure.
Total Addressable Market (TAM)
The total addressable market is the overall US municipal bond market, valued in the trillions of dollars. VTN targets a specific segment within this market - New York investment grade municipal bonds. The fund's positioning allows it to capture a share of the investor interest in this tax-advantaged segment, but its market share is constrained by its closed-end fund structure and investment focus.
Upturn SWOT Analysis
Strengths
- Tax-exempt income for New York residents
- Focus on investment-grade bonds
- Experienced management team
- Established track record
Weaknesses
- Concentrated geographic exposure (New York)
- Closed-end fund structure can lead to trading at a discount to NAV
- Sensitivity to interest rate changes
- Limited investment flexibility
Opportunities
- Increasing demand for tax-exempt income
- Potential for rising interest rates to increase yields
- Expansion into other New York municipal bond sectors
- Increased marketing efforts to attract investors
Threats
- Changes in tax laws
- Deterioration of credit quality of New York municipalities
- Rising interest rates decreasing bond values
- Increased competition from other municipal bond funds
Competitors and Market Share
Key Competitors
- MYN
- NAN
Competitive Landscape
VTN competes with other closed-end municipal bond funds for investor capital. Factors such as yield, expense ratio, and historical performance influence investor choices.
Growth Trajectory and Initiatives
Historical Growth: Growth is limited by the fund's closed-end structure. NAV and distribution rates reflect the performance of the underlying municipal bond portfolio.
Future Projections: Future performance depends on interest rate trends, the credit quality of New York municipalities, and overall market conditions.
Recent Initiatives: Initiatives typically involve adjustments to the portfolio composition to optimize yield and manage risk.
Summary
Invesco Trust For Inv Grade NY Munis (VTN) offers tax-exempt income for New York residents via investment-grade bonds. It is a mature fund whose performance depends on municipal bond market dynamics. Key strengths are its focus and established track record, while its weakness lies in its geographic concentration and sensitivity to interest rates. Investors should monitor New York's economic health and interest rate changes.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Invesco website
- Financial data providers (e.g., Bloomberg, Reuters)
Disclaimers:
This analysis is for informational purposes only and does not constitute financial advice. Investment decisions should be based on individual circumstances and consultation with a qualified financial advisor.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Invesco Trust For Inv Grade NY Munis
Exchange NYSE | Headquaters Atlanta, GA, United States | ||
IPO Launch date 1992-05-13 | CEO - | ||
Sector Financial Services | Industry Asset Management | Full time employees - | |
Full time employees - | |||
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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