Invesco California Value Municipal Income Trust (NYSE:VCV) Stock Crosses Above Two Hundred Day Moving Average – Time to Sell?

Invesco California Value Municipal Income Trust (NYSE:VCV) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $10.67 and traded as high as $11.23. Invesco California Value Municipal Income Trust shares last traded at $11.13, with a volume of 189,070 shares changing hands.

Invesco California Value Municipal Income Trust Stock Down 1.1 %

The business’s 50-day moving average price is $10.60 and its 200-day moving average price is $10.67.

Invesco California Value Municipal Income Trust Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Friday, January 31st. Shareholders of record on Friday, January 17th will be given a $0.0646 dividend. The ex-dividend date is Friday, January 17th. This represents a $0.78 dividend on an annualized basis and a yield of 6.96%.

Institutional Investors Weigh In On Invesco California Value Municipal Income Trust

A number of institutional investors have recently modified their holdings of VCV. Sanctuary Advisors LLC purchased a new stake in shares of Invesco California Value Municipal Income Trust during the second quarter worth $356,000. Commonwealth Equity Services LLC increased its position in Invesco California Value Municipal Income Trust by 40.8% in the 2nd quarter. Commonwealth Equity Services LLC now owns 124,653 shares of the investment management company’s stock worth $1,299,000 after purchasing an additional 36,129 shares during the last quarter. Advisors Asset Management Inc. increased its position in Invesco California Value Municipal Income Trust by 6.3% in the 3rd quarter. Advisors Asset Management Inc. now owns 582,252 shares of the investment management company’s stock worth $6,341,000 after purchasing an additional 34,370 shares during the last quarter. Mercer Global Advisors Inc. ADV raised its stake in shares of Invesco California Value Municipal Income Trust by 138.6% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 36,220 shares of the investment management company’s stock worth $377,000 after purchasing an additional 21,039 shares in the last quarter. Finally, International Assets Investment Management LLC lifted its holdings in shares of Invesco California Value Municipal Income Trust by 989.0% during the 3rd quarter. International Assets Investment Management LLC now owns 22,869 shares of the investment management company’s stock valued at $249,000 after buying an additional 20,769 shares during the last quarter. Institutional investors and hedge funds own 18.80% of the company’s stock.

Invesco California Value Municipal Income Trust Company Profile

Invesco California 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.