LPL Financial LLC Buys 20,290 Shares of INV VK CA VALU $VCV

LPL Financial LLC lifted its position in shares of INV VK CA VALU (NYSE:VCV) by 16.8% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 140,907 shares of the investment management company’s stock after purchasing an additional 20,290 shares during the quarter. LPL Financial LLC owned 0.29% of INV VK CA VALU worth $1,495,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of VCV. Envestnet Asset Management Inc. boosted its holdings in INV VK CA VALU by 78.9% during the fourth quarter. Envestnet Asset Management Inc. now owns 74,374 shares of the investment management company’s stock worth $814,000 after purchasing an additional 32,803 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of INV VK CA VALU during the 4th quarter worth approximately $606,000. Walleye Capital LLC purchased a new position in shares of INV VK CA VALU in the 4th quarter worth approximately $291,000. NewEdge Advisors LLC bought a new position in shares of INV VK CA VALU in the fourth quarter valued at approximately $430,000. Finally, Stifel Financial Corp bought a new position in shares of INV VK CA VALU in the fourth quarter valued at approximately $117,000. 18.80% of the stock is currently owned by institutional investors.

INV VK CA VALU Stock Performance

NYSE VCV opened at $10.19 on Friday. INV VK CA VALU has a 52-week low of $9.51 and a 52-week high of $11.47. The company has a 50-day simple moving average of $10.24 and a 200 day simple moving average of $10.43.

INV VK CA VALU Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, August 29th. Shareholders of record on Monday, August 18th will be paid a dividend of $0.0646 per share. The ex-dividend date of this dividend is Monday, August 18th. This represents a c) annualized dividend and a dividend yield of 7.6%.

INV VK CA VALU 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.