Invesco Pennsylvania Value Municipal Income Trust (NYSE:VPV) Stock Price Crosses Below 50-Day Moving Average – Here’s What Happened

Invesco Pennsylvania Value Municipal Income Trust (NYSE:VPV)’s stock price crossed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $10.69 and traded as low as $10.20. Invesco Pennsylvania Value Municipal Income Trust shares last traded at $10.21, with a volume of 117,042 shares.

Invesco Pennsylvania Value Municipal Income Trust Trading Up 0.2 %

The business has a fifty day simple moving average of $10.69 and a two-hundred day simple moving average of $10.94.

Invesco Pennsylvania Value Municipal Income Trust Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 17th will be paid a dividend of $0.0667 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 7.84%. The ex-dividend date of this dividend is Friday, January 17th.

Insider Buying and Selling at Invesco Pennsylvania Value Municipal Income Trust

In related news, major shareholder Saba Capital Management, L.P. sold 11,088 shares of the stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of $11.10, for a total transaction of $123,076.80. Following the completion of the sale, the insider now owns 2,388,625 shares of the company’s stock, valued at $26,513,737.50. This represents a 0.46 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders have sold 253,434 shares of company stock worth $2,790,263 over the last quarter.

Hedge Funds Weigh In On Invesco Pennsylvania Value Municipal Income Trust

Several institutional investors and hedge funds have recently bought and sold shares of the company. Sanctuary Advisors LLC purchased a new position in Invesco Pennsylvania Value Municipal Income Trust during the 3rd quarter worth $113,000. International Assets Investment Management LLC boosted its holdings in Invesco Pennsylvania Value Municipal Income Trust by 1,031.0% in the third quarter. International Assets Investment Management LLC now owns 14,047 shares of the financial services provider’s stock worth $159,000 after acquiring an additional 12,805 shares in the last quarter. Haverford Trust Co purchased a new stake in shares of Invesco Pennsylvania Value Municipal Income Trust during the third quarter worth about $343,000. Whitebox Advisors LLC increased its holdings in shares of Invesco Pennsylvania Value Municipal Income Trust by 212.9% during the second quarter. Whitebox Advisors LLC now owns 127,118 shares of the financial services provider’s stock valued at $1,381,000 after acquiring an additional 86,489 shares in the last quarter. Finally, Almitas Capital LLC raised its position in shares of Invesco Pennsylvania Value Municipal Income Trust by 2.5% in the 2nd quarter. Almitas Capital LLC now owns 153,384 shares of the financial services provider’s stock valued at $1,666,000 after purchasing an additional 3,765 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.