Invesco California Value Municipal Income Trust (NYSE:VCV – Get Free Report) shares crossed above their 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of $9.90 and has traded as high as $10.74. Invesco California Value Municipal Income Trust shares last traded at $10.67 with volume of 99,940 shares changing hands.
Invesco California Value Municipal Income Trust stock price performance
The stock has a 50-day moving average price of $10.20 and a 200-day moving average price of $9.90.
Dividend Announcement for Invesco California Value Municipal Income Trust
The company also recently announced a monthly dividend, which will be paid on Wednesday, July 31st. Investors of record on Tuesday, July 16th will receive a dividend of $0.0646. This represents a dividend of $0.78 on an annualized basis and a dividend yield of 7.27%. The ex-dividend date is Tuesday, July 16th.
Institutional investors comment on the Invesco California Value Municipal Income Trust
Hedge funds have recently added to or reduced their holdings in the company. Pacific Wealth Strategies Group Inc. increased its holdings in shares of Invesco California Value Municipal Income Trust by 7.4% in the fourth quarter. Pacific Wealth Strategies Group Inc. now owns 62,470 shares of the investment company’s stock worth $612,000 after acquiring an additional 4,280 shares in the last quarter. Wolverine Asset Management LLC increased its holdings in Invesco California Value Municipal Income Trust by 197.6% in the fourth quarter. Wolverine Asset Management LLC now owns 44,686 shares of the investment company’s stock worth $438,000 after acquiring an additional 29,671 shares in the last quarter. Commonwealth Equity Services LLC increased its holdings in Invesco California Value Municipal Income Trust by 6.2% in the first quarter. Commonwealth Equity Services LLC now owns 88,524 shares of the investment company’s stock valued at $882,000 after purchasing an additional 5,196 shares in the last quarter. International Assets Investment Management LLC acquired a new stake in Invesco California Value Municipal Income Trust in the fourth quarter valued at $2,100,000. Finally, TriaGen Wealth Management LLC acquired a new stake in Invesco California Value Municipal Income Trust in the fourth quarter valued at $101,000. 18.80% of the shares are currently owned by institutional investors.
Invesco California Value Municipal Income Trust Company Profile
(Get free report)
Invesco California Value Municipal Income Trust is a closed-end fixed income investment fund launched by Invesco Ltd. The fund is jointly 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.
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