Raymond James & Associates Trims Position in Invesco Pennsylvania Value Municipal Income Trust (NYSE:VPV)

Raymond James & Associates trimmed its position in shares of Invesco Pennsylvania Value Municipal Income Trust (NYSE:VPV) by 19.1% during the 4th quarter, Holdings Channel reports. The firm owned 69,721 shares of the financial services provider’s stock after selling 16,472 shares during the period. Raymond James & Associates’ holdings in Invesco Pennsylvania Value Municipal Income Trust were worth $697,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Saba Capital Management L.P. increased its stake in Invesco Pennsylvania Value Municipal Income Trust by 59.7% in the 3rd quarter. Saba Capital Management L.P. now owns 2,114,078 shares of the financial services provider’s stock worth $18,921,000 after buying an additional 790,187 shares in the last quarter. AQR Arbitrage LLC boosted its stake in shares of Invesco Pennsylvania Value Municipal Income Trust by 66.8% in the third quarter. AQR Arbitrage LLC now owns 146,158 shares of the financial services provider’s stock worth $1,308,000 after acquiring an additional 58,522 shares during the period. Almitas Capital LLC purchased a new stake in shares of Invesco Pennsylvania Value Municipal Income Trust during the third quarter worth about $501,000. Pathstone Family Office LLC bought a new stake in Invesco Pennsylvania Value Municipal Income Trust during the 3rd quarter valued at approximately $350,000. Finally, Rodgers Brothers Inc. bought a new stake in Invesco Pennsylvania Value Municipal Income Trust during the 3rd quarter valued at approximately $137,000.

Invesco Pennsylvania Value Municipal Income Trust Stock Performance

VPV stock opened at $9.96 on Wednesday. Invesco Pennsylvania Value Municipal Income Trust has a 1-year low of $8.58 and a 1-year high of $10.28. The business has a 50 day simple moving average of $10.12 and a two-hundred day simple moving average of $9.80.

Invesco Pennsylvania Value Municipal Income Trust Dividend Announcement

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

Insider Buying and Selling

In related news, major shareholder Saba Capital Management, L.P. purchased 2,973 shares of Invesco Pennsylvania Value Municipal Income Trust stock in a transaction on Monday, April 15th. The shares were bought at an average cost of $9.94 per share, for a total transaction of $29,551.62. Following the acquisition, the insider now owns 2,842,701 shares in the company, valued at approximately $28,256,447.94. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Over the last quarter, insiders purchased 65,673 shares of company stock worth $665,497.

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.