Invesco Pennsylvania Value Municipal Income Trust (NYSE:VPV) Stock Price Passes Below 50 Day Moving Average – Here’s What Happened

Invesco Pennsylvania Value Municipal Income Trust (NYSE:VPV) crossed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $11.04 and traded as low as $10.22. Invesco Pennsylvania Value Municipal Income Trust shares last traded at $10.27, with a volume of 10,113 shares.

Invesco Pennsylvania Value Municipal Income Trust Stock Up 0.5 %

The business’s 50 day moving average is $11.02 and its 200-day moving average is $11.01.

Invesco Pennsylvania Value Municipal Income Trust Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 17th will be given a $0.0667 dividend. This represents a $0.80 annualized dividend and a dividend yield of 7.79%. The ex-dividend date of this dividend is Tuesday, December 17th.

Insider Buying and Selling

In other news, major shareholder Saba Capital Management, L.P. sold 36,430 shares of the firm’s stock in a transaction on Monday, October 28th. The shares were sold at an average price of $11.00, for a total value of $400,730.00. Following the sale, the insider now owns 2,790,475 shares in the company, valued at approximately $30,695,225. This trade represents a 1.29 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In the last 90 days, insiders sold 253,434 shares of company stock valued at $2,790,263.

Hedge Funds Weigh In On Invesco Pennsylvania Value Municipal Income Trust

Several large investors have recently bought and sold shares of VPV. Almitas Capital LLC increased its holdings in shares of Invesco Pennsylvania Value Municipal Income Trust by 2.5% during the 2nd quarter. Almitas Capital LLC now owns 153,384 shares of the financial services provider’s stock worth $1,666,000 after purchasing an additional 3,765 shares during the period. Rivernorth Capital Management LLC grew its position in Invesco Pennsylvania Value Municipal Income Trust by 0.9% during the third quarter. Rivernorth Capital Management LLC now owns 479,204 shares of the financial services provider’s stock worth $5,420,000 after buying an additional 4,203 shares in the last quarter. Bank of New York Mellon Corp increased its stake in Invesco Pennsylvania Value Municipal Income Trust by 7.1% during the second quarter. Bank of New York Mellon Corp now owns 94,135 shares of the financial services provider’s stock valued at $1,022,000 after acquiring an additional 6,257 shares during the period. Blue Bell Private Wealth Management LLC raised its holdings in Invesco Pennsylvania Value Municipal Income Trust by 20.6% in the 2nd quarter. Blue Bell Private Wealth Management LLC now owns 43,679 shares of the financial services provider’s stock valued at $474,000 after acquiring an additional 7,469 shares in the last quarter. Finally, City of London Investment Management Co. Ltd. lifted its position in shares of Invesco Pennsylvania Value Municipal Income Trust by 19.4% in the 2nd quarter. City of London Investment Management Co. Ltd. now owns 61,590 shares of the financial services provider’s stock worth $669,000 after acquiring an additional 10,000 shares during the period.

About Invesco Pennsylvania Value Municipal Income Trust

Invesco Pennsylvania Value Municipal Income Trust is a closed-ended fixed income mutual fund launched by Invesco Ltd. The fund is co-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.