Raymond James & Associates Reduces Holdings in Invesco Pennsylvania Value Municipal Income Trust (NYSE:VPV)

Raymond James & Associates reduced its holdings in shares of Invesco Pennsylvania Value Municipal Income Trust (NYSE:VPV – Get Rating) by 4.2% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 307,199 shares of the financial services provider’s stock after selling 13,513 shares during the period. Raymond James & Associates’ holdings in Invesco Pennsylvania Value Municipal Income Trust were worth $2,965,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in VPV. Brandywine Oak Private Wealth LLC purchased a new stake in shares of Invesco Pennsylvania Value Municipal Income Trust during the second quarter worth about $658,000. Rivernorth Capital Management LLC grew its holdings in shares of Invesco Pennsylvania Value Municipal Income Trust by 41.7% during the first quarter. Rivernorth Capital Management LLC now owns 137,655 shares of the financial services provider’s stock worth $1,608,000 after buying an additional 40,540 shares in the last quarter. Wolverine Asset Management LLC purchased a new stake in shares of Invesco Pennsylvania Value Municipal Income Trust during the second quarter worth about $370,000. Bank of America Corp DE grew its holdings in shares of Invesco Pennsylvania Value Municipal Income Trust by 23.3% during the first quarter. Bank of America Corp DE now owns 138,145 shares of the financial services provider’s stock worth $1,614,000 after buying an additional 26,099 shares in the last quarter. Finally, Mariner Investment Group LLC purchased a new stake in shares of Invesco Pennsylvania Value Municipal Income Trust during the second quarter worth about $196,000. 12.53% of the stock is currently owned by hedge funds and other institutional investors.

Invesco Pennsylvania Value Municipal Income Trust Trading Up 0.7 %

Shares of NYSE VPV opened at $10.44 on Friday. Invesco Pennsylvania Value Municipal Income Trust has a 12 month low of $9.12 and a 12 month high of $12.92. The company has a 50-day simple moving average of $9.98 and a 200-day simple moving average of $10.17.

Invesco Pennsylvania Value Municipal Income Trust Cuts Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, January 31st. Investors of record on Tuesday, January 17th will be issued a $0.0345 dividend. The ex-dividend date is Friday, January 13th. This represents a $0.41 dividend on an annualized basis and a yield of 3.97%.

Invesco Pennsylvania Value Municipal Income Trust Profile

(Get Rating)

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.