Insider Buying: Invesco Pennsylvania Value Municipal Income Trust (NYSE:VPV) Major Shareholder Buys 13,333 Shares of Stock

Invesco Pennsylvania Value Municipal Income Trust (NYSE:VPV) major shareholder Saba Capital Management, L.P. purchased 13,333 shares of the company’s stock in a transaction dated Friday, April 12th. The shares were acquired at an average price of $10.01 per share, with a total value of $133,463.33. Following the transaction, the insider now owns 2,839,728 shares in the company, valued at approximately $28,425,677.28. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Major shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

Saba Capital Management, L.P. also recently made the following trade(s):

• On Monday, April 15th, Saba Capital Management, L.P. bought 2,973 shares of Invesco Pennsylvania Value Municipal Income Trust stock. The stock was purchased at an average price of $9.94 per share, with a total value of $29,551.62.
• On Tuesday, March 19th, Saba Capital Management, L.P. bought 11,342 shares of Invesco Pennsylvania Value Municipal Income Trust stock. The stock was purchased at an average price of $10.21 per share, with a total value of $115,801.82.
• On Monday, March 11th, Saba Capital Management, L.P. bought 10,373 shares of Invesco Pennsylvania Value Municipal Income Trust stock. The stock was purchased at an average price of $10.22 per share, with a total value of $106,012.06.
• On Thursday, March 7th, Saba Capital Management, L.P. bought 27,652 shares of Invesco Pennsylvania Value Municipal Income Trust stock. The stock was purchased at an average price of $10.15 per share, with a total value of $280,667.80.
• On Tuesday, January 16th, Saba Capital Management, L.P. acquired 100 shares of Invesco Pennsylvania Value Municipal Income Trust stock. The stock was bought at an average price of $10.10 per share, with a total value of $1,010.00.

Invesco Pennsylvania Value Municipal Income Trust Trading Down 0.3 %

Shares of VPV stock opened at $9.94 on Tuesday. Invesco Pennsylvania Value Municipal Income Trust has a fifty-two week low of $8.58 and a fifty-two week high of $10.28. The stock has a 50 day moving average price of $10.15 and a two-hundred day moving average price of $9.76.

Invesco Pennsylvania Value Municipal Income Trust Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Tuesday, April 16th will be given a $0.0325 dividend. The ex-dividend date is Monday, April 15th. This represents a $0.39 annualized dividend and a yield of 3.92%.

Hedge Funds Weigh In On Invesco Pennsylvania Value Municipal Income Trust

Several hedge funds have recently made changes to their positions in VPV. Almitas Capital LLC purchased a new stake in shares of Invesco Pennsylvania Value Municipal Income Trust in the fourth quarter worth $85,000. Blue Bell Private Wealth Management LLC grew its stake in shares of Invesco Pennsylvania Value Municipal Income Trust by 372.7% in the fourth quarter. Blue Bell Private Wealth Management LLC now owns 10,872 shares of the financial services provider’s stock worth $109,000 after acquiring an additional 8,572 shares during the last quarter. Envestnet Asset Management Inc. purchased a new stake in shares of Invesco Pennsylvania Value Municipal Income Trust in the third quarter worth $110,000. Virtu Financial LLC purchased a new stake in shares of Invesco Pennsylvania Value Municipal Income Trust in the fourth quarter worth $122,000. Finally, Cetera Advisor Networks LLC grew its stake in shares of Invesco Pennsylvania Value Municipal Income Trust by 16.4% in the fourth quarter. Cetera Advisor Networks LLC now owns 13,102 shares of the financial services provider’s stock worth $128,000 after acquiring an additional 1,848 shares during the last quarter.

Invesco Pennsylvania Value Municipal Income Trust Company Profile

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.