Invesco California Value Municipal Income Trust (NYSE:VCV) Stock Crosses Above 200-Day Moving Average – Here’s What Happened

Invesco California Value Municipal Income Trust (NYSE:VCV) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $10.76 and traded as high as $11.12. Invesco California Value Municipal Income Trust shares last traded at $11.07, with a volume of 43,258 shares changing hands.

Invesco California Value Municipal Income Trust Trading Up 0.3 %

The company’s 50-day simple moving average is $10.92 and its two-hundred day simple moving average is $10.76.

Invesco California Value Municipal Income Trust Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Friday, February 28th. Stockholders of record on Tuesday, February 18th will be given a $0.0646 dividend. The ex-dividend date is Tuesday, February 18th. This represents a $0.78 annualized dividend and a dividend yield of 7.01%.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of VCV. International Assets Investment Management LLC lifted its position in Invesco California Value Municipal Income Trust by 989.0% during the 3rd quarter. International Assets Investment Management LLC now owns 22,869 shares of the investment management company’s stock valued at $249,000 after acquiring an additional 20,769 shares during the period. SteelPeak Wealth LLC purchased a new position in Invesco California Value Municipal Income Trust during the 3rd quarter valued at about $144,000. Napa Wealth Management purchased a new position in Invesco California Value Municipal Income Trust during the 3rd quarter valued at about $140,000. Advisors Asset Management Inc. lifted its position in Invesco California Value Municipal Income Trust by 6.3% during the 3rd quarter. Advisors Asset Management Inc. now owns 582,252 shares of the investment management company’s stock valued at $6,341,000 after acquiring an additional 34,370 shares during the period. Finally, Sanctuary Advisors LLC lifted its position in Invesco California Value Municipal Income Trust by 32.1% during the 3rd quarter. Sanctuary Advisors LLC now owns 49,073 shares of the investment management company’s stock valued at $507,000 after acquiring an additional 11,938 shares during the period. 18.80% of the stock is owned by hedge funds and other institutional investors.

Invesco California Value Municipal Income Trust Company 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.