Envestnet Asset Management Inc. Boosts Holdings in Invesco California Value Municipal Income Trust (NYSE:VCV)

Envestnet Asset Management Inc. raised its stake in shares of Invesco California Value Municipal Income Trust (NYSE:VCV) by 78.9% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 74,374 shares of the investment management company’s stock after buying an additional 32,803 shares during the period. Envestnet Asset Management Inc.’s holdings in Invesco California Value Municipal Income Trust were worth $814,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. D.A. Davidson & CO. grew its holdings in Invesco California Value Municipal Income Trust by 11.4% during the fourth quarter. D.A. Davidson & CO. now owns 42,465 shares of the investment management company’s stock worth $465,000 after acquiring an additional 4,350 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of Invesco California Value Municipal Income Trust during the 4th quarter worth approximately $606,000. Cypress Wealth Services LLC purchased a new position in shares of Invesco California Value Municipal Income Trust during the 4th quarter valued at approximately $718,000. Pacific Wealth Strategies Group Inc. increased its holdings in shares of Invesco California Value Municipal Income Trust by 3.2% during the 4th quarter. Pacific Wealth Strategies Group Inc. now owns 81,335 shares of the investment management company’s stock valued at $890,000 after purchasing an additional 2,511 shares in the last quarter. Finally, LPL Financial LLC lifted its stake in shares of Invesco California Value Municipal Income Trust by 1.1% in the 4th quarter. LPL Financial LLC now owns 120,617 shares of the investment management company’s stock valued at $1,320,000 after purchasing an additional 1,339 shares during the period. Hedge funds and other institutional investors own 18.80% of the company’s stock.

Invesco California Value Municipal Income Trust Stock Performance

VCV stock opened at $10.43 on Friday. Invesco California Value Municipal Income Trust has a one year low of $9.51 and a one year high of $11.47. The firm’s fifty day moving average is $10.44 and its 200 day moving average is $10.61.

Invesco California Value Municipal Income Trust Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, May 30th. Stockholders of record on Friday, May 16th will be given a dividend of $0.0646 per share. This represents a $0.78 dividend on an annualized basis and a dividend yield of 7.43%. The ex-dividend date of this dividend is Friday, May 16th.

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.