Invesco Pennsylvania Value Municipal Income Trust (NYSE:VPV) Major Shareholder Saba Capital Management, L.P. Sells 27,088 Shares

Invesco Pennsylvania Value Municipal Income Trust (NYSE:VPV) major shareholder Saba Capital Management, L.P. sold 27,088 shares of the business’s stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $10.99, for a total value of $297,697.12. Following the sale, the insider now owns 2,644,276 shares of the company’s stock, valued at approximately $29,060,593.24. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

Saba Capital Management, L.P. also recently made the following trade(s):

• On Monday, October 28th, Saba Capital Management, L.P. sold 36,430 shares of Invesco Pennsylvania Value Municipal Income Trust stock. The shares were sold at an average price of $11.00, for a total transaction of $400,730.00.
• On Friday, October 25th, Saba Capital Management, L.P. sold 56,200 shares of Invesco Pennsylvania Value Municipal Income Trust stock. The stock was sold at an average price of $11.01, for a total transaction of $618,762.00.

Invesco Pennsylvania Value Municipal Income Trust Stock Performance

VPV remained flat at $10.99 during trading on Thursday. 41,397 shares of the company’s stock traded hands, compared to its average volume of 35,510. Invesco Pennsylvania Value Municipal Income Trust has a fifty-two week low of $8.65 and a fifty-two week high of $11.40. The stock has a 50 day moving average price of $11.18 and a 200 day moving average price of $10.79.

Invesco Pennsylvania Value Municipal Income Trust Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Wednesday, October 16th will be given a $0.0667 dividend. The ex-dividend date is Wednesday, October 16th. This represents a $0.80 annualized dividend and a yield of 7.28%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Whitebox Advisors LLC raised its position in shares of Invesco Pennsylvania Value Municipal Income Trust by 212.9% during the 2nd quarter. Whitebox Advisors LLC now owns 127,118 shares of the financial services provider’s stock valued at $1,381,000 after purchasing an additional 86,489 shares during the period. International Assets Investment Management LLC boosted its stake in Invesco Pennsylvania Value Municipal Income Trust by 1,031.0% in the 3rd quarter. International Assets Investment Management LLC now owns 14,047 shares of the financial services provider’s stock worth $159,000 after purchasing an additional 12,805 shares during the period. City of London Investment Management Co. Ltd. lifted its holdings in shares of Invesco Pennsylvania Value Municipal Income Trust by 19.4% in the second quarter. City of London Investment Management Co. Ltd. now owns 61,590 shares of the financial services provider’s stock worth $669,000 after buying an additional 10,000 shares in the last quarter. Blue Bell Private Wealth Management LLC increased its holdings in shares of Invesco Pennsylvania Value Municipal Income Trust by 20.6% in the second quarter. Blue Bell Private Wealth Management LLC now owns 43,679 shares of the financial services provider’s stock worth $474,000 after purchasing an additional 7,469 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its position in shares of Invesco Pennsylvania Value Municipal Income Trust by 7.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 94,135 shares of the financial services provider’s stock valued at $1,022,000 after purchasing an additional 6,257 shares during the last quarter.

Invesco Pennsylvania Value Municipal Income Trust Company Profile

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.