Invesco California Value Municipal Income Trust (NYSE:VCV) Stock Price Crosses Above 200-Day Moving Average of $9.29

Invesco California Value Municipal Income Trust (NYSE:VCVGet Free Report)’s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $9.29 and traded as high as $9.91. Invesco California Value Municipal Income Trust shares last traded at $9.89, with a volume of 50,860 shares changing hands.

Invesco California Value Municipal Income Trust Stock Up 0.3 %

The company’s fifty day simple moving average is $9.76 and its 200 day simple moving average is $9.29.

Invesco California Value Municipal Income Trust Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Thursday, March 28th. Shareholders of record on Friday, March 15th will be issued a $0.0366 dividend. This represents a $0.44 annualized dividend and a yield of 4.44%. The ex-dividend date is Thursday, March 14th.

Institutional Trading of Invesco California Value Municipal Income Trust

Hedge funds have recently made changes to their positions in the stock. Robinson Capital Management LLC bought a new stake in shares of Invesco California Value Municipal Income Trust during the 3rd quarter worth $480,000. Saba Capital Management L.P. raised its position in Invesco California Value Municipal Income Trust by 25.9% in the 3rd quarter. Saba Capital Management L.P. now owns 198,638 shares of the investment management company’s stock worth $1,675,000 after purchasing an additional 40,859 shares during the period. AQR Arbitrage LLC raised its position in Invesco California Value Municipal Income Trust by 46.5% in the 3rd quarter. AQR Arbitrage LLC now owns 317,422 shares of the investment management company’s stock worth $2,676,000 after purchasing an additional 100,797 shares during the period. Raymond James & Associates raised its position in Invesco California Value Municipal Income Trust by 39.2% in the 3rd quarter. Raymond James & Associates now owns 43,416 shares of the investment management company’s stock worth $366,000 after purchasing an additional 12,216 shares during the period. Finally, Atria Wealth Solutions Inc. raised its position in Invesco California Value Municipal Income Trust by 5.6% in the 3rd quarter. Atria Wealth Solutions Inc. now owns 107,910 shares of the investment management company’s stock worth $910,000 after purchasing an additional 5,760 shares during the period. 18.80% of the stock is owned by institutional investors.

Invesco California Value Municipal Income Trust Company Profile

(Get Free Report)

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.

Further Reading

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