Invesco Pennsylvania Value Municipal Income Trust (NYSE:VPV) Major Shareholder Sells $203,136.00 in Stock

Invesco Pennsylvania Value Municipal Income Trust (NYSE:VPV) major shareholder Saba Capital Management, L.P. sold 18,400 shares of the firm’s stock in a transaction on Monday, November 4th. The shares were sold at an average price of $11.04, for a total value of $203,136.00. Following the completion of the sale, the insider now owns 2,561,705 shares in the company, valued at $28,281,223.20. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Large shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

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

• On Friday, November 1st, Saba Capital Management, L.P. sold 46,893 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 $516,291.93.
• On Wednesday, October 30th, Saba Capital Management, L.P. sold 27,088 shares of Invesco Pennsylvania Value Municipal Income Trust stock. The stock was sold at an average price of $10.99, for a total value of $297,697.12.
• 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 value 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 value of $618,762.00.

Invesco Pennsylvania Value Municipal Income Trust Stock Performance

Shares of NYSE VPV opened at $10.97 on Friday. The firm’s 50-day simple moving average is $11.17 and its 200 day simple moving average is $10.83. Invesco Pennsylvania Value Municipal Income Trust has a fifty-two week low of $9.05 and a fifty-two week high of $11.40.

Invesco Pennsylvania Value Municipal Income Trust Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be given a dividend of $0.0667 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 7.30%.

Institutional Trading of Invesco Pennsylvania Value Municipal Income Trust

Institutional investors have recently made changes to their positions in the stock. International Assets Investment Management LLC grew its stake in shares of 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 last quarter. Haverford Trust Co acquired a new position in Invesco Pennsylvania Value Municipal Income Trust in the third quarter worth approximately $343,000. Whitebox Advisors LLC acquired 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 stake in shares of 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 acquiring an additional 7,469 shares in the last quarter. Finally, City of London Investment Management Co. Ltd. grew its holdings in shares of Invesco Pennsylvania Value Municipal Income Trust by 19.4% in the 2nd quarter. City of London Investment Management Co. Ltd. now owns 61,590 shares of the financial services provider’s stock worth $669,000 after acquiring an additional 10,000 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.