Invesco Pennsylvania Value Municipal Income Trust (NYSE:VPV) Stock Price Crosses 50-Day Moving Average of $10.65

The stock price of Invesco Pennsylvania Value Municipal Income Trust (NYSE:VPV – Get Free Report) rose above its 50-day moving average on Friday. The stock has a 50-day moving average of $10.65 and was trading at a price of $10.82. Invesco Pennsylvania Value Municipal Income Trust shares last traded at $10.78, with volume of 19,650 shares changing hands.

Invesco Pennsylvania Value Municipal Income Trust shares down 0.3%

The company’s 50-day moving average price is $10.65 and its 200-day moving average price is $10.29.

Invesco Pennsylvania Value Municipal Income Trust Declares Dividend

The company also recently announced a monthly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Tuesday, July 16th will receive a dividend of $0.0667. The ex-dividend date is Tuesday, July 16th. This represents an annualized dividend of $0.80 and a dividend yield of 7.42%.

Insider transactions at Invesco Pennsylvania Value Municipal Income Trust

In related news, major shareholder Saba Capital Management, LP bought 7,265 shares of the company’s stock in a transaction that occurred on Wednesday, May 15th. The shares were acquired at an average price of $10.28 per share, for a total transaction of $74,684.20. Following the acquisition, the insider now directly owns 2,883,105 shares of the company’s stock, valued at approximately $29,638,319.40. The transaction was disclosed in a filing with the SEC, which is available on the SEC website.

Institutional inflow and outflow

Hedge funds and other institutional investors have recently made changes to their positions in the company. Blue Bell Private Wealth Management LLC increased its position in shares of Invesco Pennsylvania Value Municipal Income Trust by 372.7% in the 4th quarter. Blue Bell Private Wealth Management LLC now owns 10,872 shares of the financial services provider’s stock worth $109,000 after acquiring an additional 8,572 shares in the last quarter. Ethos Financial Group LLC acquired a new stake in Invesco Pennsylvania Value Municipal Income Trust during the 4th quarter worth $219,000. Napa Wealth Management purchased a new stake in shares of Invesco Pennsylvania Value Municipal Income Trust during the fourth quarter worth $273,000. Whitebox Advisors LLC acquired a new stake in shares of Invesco Pennsylvania Value Municipal Income Trust during the first quarter worth $416,000. Finally, City of London Investment Management Co. Ltd. purchased a new position in shares of Invesco Pennsylvania Value Municipal Income Trust in the fourth quarter worth $516,000.

About Invesco Pennsylvania Value Municipal Income Trust

(Get free report)

Invesco Pennsylvania Value Municipal Income Trust is a closed-end 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 United States fixed income markets.

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