INV VK CA VALU $VCV Position Reduced by D.A. Davidson & CO.

D.A. Davidson & CO. decreased its position in shares of INV VK CA VALU (NYSE:VCV) by 5.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 42,465 shares of the investment management company’s stock after selling 2,427 shares during the period. D.A. Davidson & CO. owned 0.09% of INV VK CA VALU worth $440,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in VCV. Sound Income Strategies LLC bought a new stake in INV VK CA VALU during the second quarter worth approximately $50,000. Clay Northam Wealth Management LLC boosted its stake in shares of INV VK CA VALU by 33.4% during the 2nd quarter. Clay Northam Wealth Management LLC now owns 30,147 shares of the investment management company’s stock worth $313,000 after acquiring an additional 7,547 shares in the last quarter. Janney Montgomery Scott LLC grew its holdings in shares of INV VK CA VALU by 5.9% in the 1st quarter. Janney Montgomery Scott LLC now owns 34,220 shares of the investment management company’s stock worth $363,000 after acquiring an additional 1,909 shares during the last quarter. LPL Financial LLC grew its holdings in shares of INV VK CA VALU by 16.8% in the 1st quarter. LPL Financial LLC now owns 140,907 shares of the investment management company’s stock worth $1,495,000 after acquiring an additional 20,290 shares during the last quarter. Finally, Atria Wealth Solutions Inc. grew its holdings in shares of INV VK CA VALU by 11.3% in the 1st quarter. Atria Wealth Solutions Inc. now owns 284,258 shares of the investment management company’s stock worth $3,016,000 after acquiring an additional 28,845 shares during the last quarter. Institutional investors own 18.80% of the company’s stock.

INV VK CA VALU Stock Performance

Shares of NYSE VCV opened at $10.97 on Thursday. The stock’s fifty day simple moving average is $10.51 and its 200 day simple moving average is $10.33. INV VK CA VALU has a 52-week low of $9.51 and a 52-week high of $11.35.

INV VK CA VALU Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, October 31st. Investors of record on Thursday, October 16th will be paid a $0.0646 dividend. The ex-dividend date of this dividend is Thursday, October 16th. This represents a c) dividend on an annualized basis and a yield of 7.1%.

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.