Commonwealth Equity Services LLC increased its position in Invesco California Value Municipal Income Trust (NYSE:VCV – Free Report) by 6.2% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 88,524 shares of the investment company’s stock after acquiring an additional 5,196 shares during the quarter. Commonwealth Equity Services LLC owned about 0.18% of Invesco California Value Municipal Income Trust worth $882,000, according to its most recent filing with the SEC.
Several other institutional investors and hedge funds have also recently added to or reduced their holdings of VCV. TriaGen Wealth Management LLC acquired a new position in shares of Invesco California Value Municipal Income Trust in the fourth quarter valued at $101,000. WestHill Financial Advisors Inc. acquired a new position in shares of Invesco California Value Municipal Income Trust in the fourth quarter valued at about $117,000. Vanguard Capital Wealth Advisors increased its position in shares of Invesco California Value Municipal Income Trust by 40.0% in the 1st quarter. Vanguard Capital Wealth Advisors now owns 14,000 shares of the investment company’s stock valued at $139,000 after purchasing an additional 4,000 shares in the last quarter. Aristides Capital LLC acquired a new position in shares of Invesco California Value Municipal Income Trust in the fourth quarter valued at about $205,000. Finally, Weiss Asset Management LP acquired a new position in Invesco California Value Municipal Income Trust during the fourth quarter valued at approximately $211,000. Institutional investors and hedge funds own 18.80% of the company’s shares.
Price development of the Invesco California Value Municipal Income Trust
VCV stock opened at $10.48 on Tuesday. Invesco California Value Municipal Income Trust has a 12-month low of $8.05 and a 12-month high of $10.58. The company’s 50-day moving average is $10.06 and its 200-day moving average is $9.86.
Invesco California Value Municipal Income Trust announces dividend
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 per share. The ex-dividend date of this dividend is Tuesday, July 16th. This represents an annualized dividend of $0.78 and a yield of 7.40%.
Profile of Invesco California Value Municipal Income Trust
(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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