Invesco Pennsylvania Value Municipal Income Trust (NYSE:VPV – Free Report) stock price crossed above its 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 with volume of 19,650 shares changing hands.
Invesco Pennsylvania Value Municipal Income Trust share price down 0.3%
The company’s 50-day moving average price is $10.65 and its 200-day moving average price is $10.29.
Invesco Pennsylvania Value Municipal Income Trust Declares Dividend
The company also recently announced a monthly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Tuesday, July 16th will receive a dividend of $0.0667. The ex-dividend date is Tuesday, July 16th. This represents an annualized dividend of $0.80 and a dividend yield of 7.42%.
Insider transactions at Invesco Pennsylvania Value Municipal Income Trust
In related news, major shareholder Saba Capital Management, LP bought 7,265 shares of the company’s stock in a transaction that occurred on Wednesday, May 15. The shares were acquired at an average price of $10.28 per share, for a total transaction of $74,684.20. Following the acquisition, the insider now directly owns 2,883,105 shares of the company’s stock, valued at approximately $29,638,319.40. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC’s website.
Institutional inflows and outflows
Hedge funds and other institutional investors have recently made changes to their positions in the company. Blue Bell Private Wealth Management LLC increased its position in shares of Invesco Pennsylvania Value Municipal Income Trust by 372.7% in the 4th quarter. Blue Bell Private Wealth Management LLC now owns 10,872 shares of the financial services provider’s stock worth $109,000 after purchasing an additional 8,572 shares in the last quarter. Ethos Financial Group LLC acquired a new stake in Invesco Pennsylvania Value Municipal Income Trust in the 4th quarter valued at $219,000. Napa Wealth Management acquired a new stake in shares of Invesco Pennsylvania Value Municipal Income Trust in the fourth quarter valued at $273,000. Whitebox Advisors LLC acquired a new stake in shares of Invesco Pennsylvania Value Municipal Income Trust in the first quarter valued at $416,000. Finally, City of London Investment Management Co. Ltd. acquired a new stake in shares of Invesco Pennsylvania Value Municipal Income Trust in the first quarter valued at $416,000. a new position in shares of Invesco Pennsylvania Value Municipal Income Trust during the fourth quarter valued at $516,000.
About Invesco Pennsylvania Value Municipal Income Trust
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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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