Invesco Pennsylvania Value Municipal Income Trust (NYSE:VPV – Get Free Report) shares exceeded their 50-day moving average during trading on Friday. The stock has a 50-day moving average of $10.65 and has traded as high as $10.82. Invesco Pennsylvania Value Municipal Income Trust shares last traded at $10.78 on volume of 19,650 shares.
Invesco Pennsylvania Value Municipal Income Trust share price down 0.3%
The company has a 50-day moving average of $10.65 and a 200-day moving average of $10.29.
Dividend Announcement for Invesco Pennsylvania 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 $0.0667. This represents a dividend of $0.80 on an annualized basis and a yield of 7.42%. The ex-dividend date of this dividend is Tuesday, July 16th.
Insider buying and selling at Invesco Pennsylvania Value Municipal Income Trust
In other news related to Invesco Pennsylvania Value Municipal Income Trust, major shareholder Saba Capital Management, LP acquired 7,265 shares of the company’s stock in a transaction that occurred on Wednesday, May 15. The shares were bought at an average price of $10.28 per share, for a total value of $74,684.20. Following the purchase, the insider now directly owns 2,883,105 shares of the company’s stock, valued at $29,638,319.40. The acquisition was disclosed in a filing with the SEC, which is accessible through this link.
Hedge funds comment on Invesco Pennsylvania Value Municipal Income Trust
Several hedge funds have recently made changes to their holdings of VPV. Whitebox Advisors LLC acquired a new position in Invesco Pennsylvania Value Municipal Income Trust in the first quarter worth about $416,000. Blue Bell Private Wealth Management LLC increased its stake in shares of Invesco Pennsylvania Value Municipal Income Trust by 233.1% in the first quarter. Blue Bell Private Wealth Management LLC now owns 36,210 shares of the financial services provider’s stock worth $371,000 after acquiring an additional 25,338 shares in the last quarter. Napa Wealth Management acquired a new position in Invesco Pennsylvania Value Municipal Income Trust in the fourth quarter worth about $273,000. Karpus Management Inc. increased its stake in shares of Invesco Pennsylvania Value Municipal Income Trust by 274.4% in the fourth quarter. Karpus Management Inc. now owns 118,926 shares of the financial services provider’s stock valued at $1,189,000 after purchasing an additional 87,164 shares in the last quarter. Finally, City of London Investment Management Co. Ltd. bought a new position in shares of Invesco Pennsylvania Value Municipal Income Trust in the fourth quarter valued at $516,000.
About Invesco Pennsylvania Value Municipal Income Trust
(Get free report)
Invesco Pennsylvania Value Municipal Income Trust is a closed-end fixed income mutual 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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