Invesco Trust for Investment Grade New York Municipals

Invesco Trust for Investment Grade New York Municipalsverified

VTN

Price:

$11.585

Market Cap:

$225.65M

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 c...[Read more]

Industry

Asset Management

IPO Date

1992-05-13

Stock Exchange

NYSE

Ticker

VTN

The PE Ratio as of September 2024 (TTM) for Invesco Trust for Investment Grade New York Municipals (VTN) is 13.63

According to Invesco Trust for Investment Grade New York Municipals’s latest financial reports and current stock price. The company's current PE Ratio is 13.63. This represents a change of 6.91% compared to the average of 12.75 of the last 4 quarters.

Invesco Trust for Investment Grade New York Municipals (VTN) Historical PE Ratio (quarterly & annually)

How has VTN PE Ratio performed in the past?

The mean historical PE Ratio of Invesco Trust for Investment Grade New York Municipals over the last ten years is 44.89. The current 13.63 PE Ratio has changed 2.94% with respect to the historical average. Over the past ten years (40 quarters), VTN's PE Ratio was at its highest in in the November 2022 quarter at 142.27. The PE Ratio was at its lowest in in the November 2017 quarter at -25.51.

Quarterly (TTM)
Annual

Average

44.89

Median

10.24

Minimum

-111.21

Maximum

511.31

Invesco Trust for Investment Grade New York Municipals (VTN) PE Ratio by Quarter and Year

Discovering the peaks and valleys of Invesco Trust for Investment Grade New York Municipals PE Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 112.65%

Maximum Annual PE Ratio = 511.31

Minimum Annual Increase = -1139.16%

Minimum Annual PE Ratio = -111.21

Quarterly (TTM)
Annual
YearPE RatioChange
202412.51-288.13%
2023-6.65-101.30%
2022511.31-1139.16%
2021-49.20-726.90%
20207.85-73.56%
201929.69-0.14%
201829.73-126.73%
2017-111.21-756.12%
201616.95112.65%
20157.97-133.46%

Invesco Trust for Investment Grade New York Municipals (VTN) Average PE Ratio

How has VTN PE Ratio performed in the past?

The current PE Ratio of Invesco Trust for Investment Grade New York Municipals (VTN) is less than than its 3-year, less than than its 5-year, and less than than its 10-year historical averages

3-year avg

172.39

5-year avg

95.16

10-year avg

44.89

Invesco Trust for Investment Grade New York Municipals (VTN) PE Ratio vs. Peers

How is VTN’s PE Ratio compared to its peers?

Invesco Trust for Investment Grade New York Municipals’s PE Ratio is less than PIMCO New York Municipal Income Fund II (23.06), less than Eaton Vance New York Municipal Income Trust (16.56), less than PIMCO New York Municipal Income Fund III (20.35), less than BlackRock New York Municipal Income Trust (24.44), greater than Invesco California Value Municipal Income Trust (4.59), greater than GAMCO Natural Resources, Gold & Income Trust (10.42), greater than Nuveen Pennsylvania Quality Municipal Income Fund (9.69), greater than Invesco Advantage Municipal Income Trust II (4.64), less than MFS Investment Grade Municipal Trust (28.45), greater than Virtus Convertible & Income 2024 Target Term Fund (0), greater than Invesco High Income 2024 Target Term Fund (3.77), greater than Eaton Vance National Municipal Opportunities Trust (9.04), less than Federated Hermes Premier Municipal Income Fund (26.65), greater than Nuveen California Select Tax-Free Income Portfolio (5.79), less than BlackRock MuniHoldings New York Quality Fund, Inc. (26.22), less than DWS Municipal Income Trust (35.74), greater than RiverNorth Flexible Municipal Income Fund II, Inc. (0),

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