VTN Invesco Trust for Investment Grade New York Municipals Insider Trading

BofA Corp fully exits VTN position: sold 5,921 shares at $13.69, net purchase 3,789 shares at avg ~$13.72

Bank of America's 10% owner filed Form 4 reporting a complete exit from Invesco Trust for Investment Grade New York Municipals (VTN) on 2019-08-23 to 2019-08-26. The transaction consisted of 1 sale totaling 5,921 shares for $81,037.77 coupled with 29 separate purchases totaling 3,789 shares for $52,019.08, leaving zero shares post-transaction. The sale price of $13.69 was modestly higher than the purchase prices around $13.71–$13.75, reflecting relatively tight pricing across the 4-day window. The prior holdings of 2,132 shares were entirely liquidated (-100.0%), suggesting a complete portfolio adjustment rather than a routine rebalancing.

Saba Capital (10% owner) sold 803,267 shares of VTN for $9.2M; reduced stake by 30% to 1.88M shares

Saba Capital Management executed a material reduction of its position in Invesco Trust for Investment Grade New York Municipals, selling 803,267 shares at $11.50 for a total of $9,237,570.50, which represents a 30.0% decrease in holdings from 2,680,391 shares to 1,877,124 shares. The transaction price of $11.50 sits near the 52-week high of $11.62 (-2.0%), suggesting the sale occurred at elevated valuation levels. The insider's historical record across all tickers shows a 3:1 buy-to-sell ratio (15 prior buys versus 5 prior sells), establishing a long-term accumulation pattern that makes this substantial single-transaction divestiture noteworthy in context.