Invesco Pennsylvania Value Municipal Income Trust (NYSE:VPV) Major Shareholder Purchases $29,551.62 in Stock

Invesco Pennsylvania Value Municipal Income Trust (NYSE:VPV) major shareholder Saba Capital Management, L.P. bought 2,973 shares of the company’s stock in a transaction on Monday, April 15th. The stock was purchased at an average cost of $9.94 per share, for a total transaction of $29,551.62. Following the completion of the transaction, the insider now owns 2,842,701 shares in the company, valued at $28,256,447.94. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

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

• On Friday, April 12th, Saba Capital Management, L.P. purchased 13,333 shares of Invesco Pennsylvania Value Municipal Income Trust stock. The shares were bought at an average price of $10.01 per share, with a total value of $133,463.33.
• On Tuesday, March 19th, Saba Capital Management, L.P. purchased 11,342 shares of Invesco Pennsylvania Value Municipal Income Trust stock. The shares were bought 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. purchased 10,373 shares of Invesco Pennsylvania Value Municipal Income Trust stock. The shares were bought 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. purchased 27,652 shares of Invesco Pennsylvania Value Municipal Income Trust stock. The shares were bought 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. purchased 100 shares of Invesco Pennsylvania Value Municipal Income Trust stock. The shares were 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 %

VPV opened at $9.94 on Tuesday. The stock has a 50-day moving average of $10.15 and a 200-day moving average of $9.76. Invesco Pennsylvania Value Municipal Income Trust has a 52-week low of $8.58 and a 52-week high of $10.28.

Invesco Pennsylvania Value Municipal Income Trust Announces Dividend

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

Institutional Trading of Invesco Pennsylvania Value Municipal Income Trust

Several large investors have recently made changes to their positions in VPV. Almitas Capital LLC bought a new stake in Invesco Pennsylvania Value Municipal Income Trust during the 4th quarter valued at approximately $85,000. Blue Bell Private Wealth Management LLC boosted its stake in Invesco Pennsylvania Value Municipal Income Trust by 372.7% during the 4th quarter. Blue Bell Private Wealth Management LLC now owns 10,872 shares of the financial services provider’s stock valued at $109,000 after purchasing an additional 8,572 shares during the period. Envestnet Asset Management Inc. bought a new stake in Invesco Pennsylvania Value Municipal Income Trust during the 3rd quarter valued at approximately $110,000. Virtu Financial LLC bought a new stake in Invesco Pennsylvania Value Municipal Income Trust during the 4th quarter valued at approximately $122,000. Finally, Cetera Advisor Networks LLC boosted its stake in Invesco Pennsylvania Value Municipal Income Trust by 16.4% during the 4th quarter. Cetera Advisor Networks LLC now owns 13,102 shares of the financial services provider’s stock valued at $128,000 after purchasing an additional 1,848 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.