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Invesco Trust For Inv Grade NY Munis (VTN)



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Upturn Advisory Summary
08/14/2025: VTN (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Analysis of Past Performance
Type Stock | Historic Profit -0.6% | Avg. Invested days 44 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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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
Invesco Trust for Investment Grade New York Municipal Securities is a closed-end investment fund. It invests in investment-grade New York municipal securities. Details on founding year and significant milestones are not readily available in standard company profile databases and would require specialized financial data subscriptions.
Core Business Areas
- Municipal Bond Investments: The fund primarily invests in a portfolio of New York municipal bonds considered investment grade, aiming to provide current income exempt from federal and New York state and city income taxes.
Leadership and Structure
Information on specific leadership teams and organizational structure requires specialized financial data subscriptions, not publicly available.
Top Products and Market Share
Key Offerings
- Investment Grade New York Municipal Bonds: The fund's primary product is providing investors with access to a diversified portfolio of investment-grade New York municipal bonds. Exact market share is not directly available. Competitors include other municipal bond funds offered by firms such as BlackRock, Nuveen, and Franklin Templeton.
Market Dynamics
Industry Overview
The municipal bond market involves the issuance and trading of debt securities by state and local governments. It's influenced by interest rates, credit ratings, and tax policies.
Positioning
Invesco Trust For Inv Grade NY Munis is positioned as a provider of tax-exempt income through New York municipal bonds, appealing to investors seeking income and tax advantages.
Total Addressable Market (TAM)
The total addressable market for municipal bonds is vast, encompassing trillions of dollars. Invesco Trust For Inv Grade NY Munis is a small component of the larger New York municipal bond market.
Upturn SWOT Analysis
Strengths
- Tax-exempt income for New York residents
- Investment-grade focus reduces credit risk
- Diversification within New York municipal bonds
Weaknesses
- Closed-end fund structure can lead to trading at a discount to NAV
- Concentration in New York municipal bonds
- Sensitivity to interest rate changes
Opportunities
- Increasing demand for tax-advantaged investments
- Potential for capital appreciation if interest rates decline
- Expansion into other municipal bond strategies
Threats
- Rising interest rates
- Credit downgrades of New York municipal bonds
- Changes in tax laws affecting municipal bond attractiveness
Competitors and Market Share
Key Competitors
- MUB
- VNY
- ITM
Competitive Landscape
Invesco Trust For Inv Grade NY Munis competes with other municipal bond funds based on factors such as expense ratios, distribution rates, and historical performance. Its advantage lies in its focus on investment-grade New York municipal bonds.
Growth Trajectory and Initiatives
Historical Growth: Historical growth would be assessed by examining changes in NAV, assets under management (AUM), and distribution rates over time. This data requires real-time financial access.
Future Projections: Future projections would be based on analyst estimates, factoring in interest rate expectations, economic conditions, and the outlook for New York municipal bonds. Analyst estimates are not included due to real-time access constraints.
Recent Initiatives: Recent initiatives would include any changes in investment strategy, expense management, or shareholder communication. Requires up-to-date news sources and company announcements.
Summary
Invesco Trust for Investment Grade New York Municipal Securities offers tax-exempt income to New York residents. As a closed-end fund, its market price can deviate from its NAV. Interest rate increases and credit downgrades pose risks. The fund benefits from the demand for tax-advantaged investments, but is concentrated in New York municipal bonds.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Publicly available fund prospectuses, financial news sources (limited access), ETF.com, Yahoo Finance (limited).
Disclaimers:
This analysis is based on limited publicly available information and does not constitute financial advice. Market share estimates are approximate. Real-time financial data subscriptions were not used for the production of this analysis.
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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