Saba Capital Management, L.P. Sells 10,306 Shares of Invesco Pennsylvania Value Municipal Income Trust (NYSE:VPV) Stock

Invesco Pennsylvania Value Municipal Income Trust (NYSE:VPV) major shareholder Saba Capital Management, L.P. sold 10,306 shares of the firm’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $11.08, for a total transaction of $114,190.48. Following the transaction, the insider now owns 2,482,020 shares of the company’s stock, valued at approximately $27,500,781.60. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 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 Thursday, November 7th, Saba Capital Management, L.P. sold 47,029 shares of Invesco Pennsylvania Value Municipal Income Trust stock. The stock was sold at an average price of $10.98, for a total transaction of $516,378.42.
• On Monday, November 4th, Saba Capital Management, L.P. sold 18,400 shares of Invesco Pennsylvania Value Municipal Income Trust stock. The shares were sold at an average price of $11.04, for a total transaction of $203,136.00.
• On Friday, November 1st, Saba Capital Management, L.P. sold 46,893 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 $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 shares were 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 stock was 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 transaction of $618,762.00.

Invesco Pennsylvania Value Municipal Income Trust Trading Up 0.4 %

Invesco Pennsylvania Value Municipal Income Trust stock opened at $11.10 on Thursday. Invesco Pennsylvania Value Municipal Income Trust has a 12-month low of $9.25 and a 12-month high of $11.40. The firm’s fifty day moving average is $11.17 and its 200 day moving average is $10.87.

Invesco Pennsylvania Value Municipal Income Trust Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, November 29th. Stockholders 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 7.21%.

Institutional Trading of Invesco Pennsylvania Value Municipal Income Trust

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Whitebox Advisors LLC grew its stake in Invesco Pennsylvania Value Municipal Income Trust by 212.9% in 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 during the period. Haverford Trust Co bought a new position in shares of Invesco Pennsylvania Value Municipal Income Trust in the 3rd quarter worth $343,000. International Assets Investment Management LLC grew its position 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 valued at $159,000 after purchasing an additional 12,805 shares during the period. City of London Investment Management Co. Ltd. increased its stake in Invesco Pennsylvania Value Municipal Income Trust by 19.4% during the 2nd 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 purchasing an additional 10,000 shares in the last quarter. Finally, Blue Bell Private Wealth Management LLC raised its holdings in Invesco Pennsylvania Value Municipal Income Trust by 20.6% during 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 buying an additional 7,469 shares during the last quarter.

About Invesco Pennsylvania Value Municipal Income Trust

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.