Invesco Pennsylvania Value Municipal Income Trust (NYSE:VPV) Major Shareholder Sells $400,730.00 in Stock

Invesco Pennsylvania Value Municipal Income Trust (NYSE:VPV) major shareholder Saba Capital Management, L.P. sold 36,430 shares of the firm’s stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $11.00, for a total value of $400,730.00. Following the transaction, the insider now owns 2,790,475 shares of the company’s stock, valued at $30,695,225. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Major 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 Friday, October 25th, Saba Capital Management, L.P. sold 56,200 shares of Invesco Pennsylvania Value Municipal Income Trust stock. The shares were sold at an average price of $11.01, for a total transaction of $618,762.00.

Invesco Pennsylvania Value Municipal Income Trust Price Performance

Shares of VPV traded down $0.04 during midday trading on Tuesday, reaching $10.97. The stock had a trading volume of 145,282 shares, compared to its average volume of 35,443. The company’s fifty day simple moving average is $11.17 and its two-hundred day simple moving average is $10.78. Invesco Pennsylvania Value Municipal Income Trust has a 1-year low of $8.61 and a 1-year high of $11.40.

Invesco Pennsylvania Value Municipal Income Trust Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Wednesday, October 16th will be given a dividend of $0.0667 per share. This represents a $0.80 annualized dividend and a yield of 7.30%. The ex-dividend date of this dividend is Wednesday, October 16th.

Institutional Trading of Invesco Pennsylvania Value Municipal Income Trust

A number of hedge funds have recently added to or reduced their stakes in VPV. International Assets Investment Management LLC raised its stake in shares of Invesco Pennsylvania Value Municipal Income Trust by 1,031.0% during the 3rd quarter. International Assets Investment Management LLC now owns 14,047 shares of the financial services provider’s stock worth $159,000 after buying an additional 12,805 shares during the last quarter. Whitebox Advisors LLC purchased a new stake in shares of Invesco Pennsylvania Value Municipal Income Trust during the 1st quarter valued at $416,000. Blue Bell Private Wealth Management LLC boosted its position in Invesco Pennsylvania Value Municipal Income Trust by 20.6% during the 2nd 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 period. City of London Investment Management Co. Ltd. increased its holdings in 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 valued at $669,000 after buying an additional 10,000 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in shares of Invesco Pennsylvania Value Municipal Income Trust by 7.1% in 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 acquiring 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.