Invesco California Value Municipal Income Trust (NYSE:VCV) Stock Price Passes Above Two Hundred Day Moving Average of $9.55

Invesco California Value Municipal Income Trust (NYSE:VCV – Get Rating)’s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $9.55 and traded as high as $9.91. Invesco California Value Municipal Income Trust shares last traded at $9.71, with a volume of 117,443 shares.

Invesco California Value Municipal Income Trust Stock Down 0.1 %

The firm’s fifty day simple moving average is $9.88 and its 200-day simple moving average is $9.55.

Invesco California Value Municipal Income Trust Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, March 31st. Shareholders of record on Wednesday, March 15th will be issued a $0.0364 dividend. The ex-dividend date is Tuesday, March 14th. This represents a $0.44 annualized dividend and a yield of 4.50%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Logan Stone Capital LLC raised its holdings in shares of Invesco California Value Municipal Income Trust by 395.0% during the fourth quarter. Logan Stone Capital LLC now owns 463,573 shares of the investment management company’s stock valued at $4,395,000 after purchasing an additional 369,921 shares during the last quarter. Mariner LLC raised its holdings in shares of Invesco California Value Municipal Income Trust by 472.4% during the fourth quarter. Mariner LLC now owns 78,071 shares of the investment management company’s stock valued at $740,000 after purchasing an additional 64,432 shares during the last quarter. Core Wealth Partners LLC purchased a new position in shares of Invesco California Value Municipal Income Trust during the fourth quarter valued at approximately $181,000. Baird Financial Group Inc. purchased a new position in shares of Invesco California Value Municipal Income Trust during the fourth quarter valued at approximately $297,000. Finally, Wells Fargo & Company MN raised its holdings in shares of Invesco California Value Municipal Income Trust by 36.3% during the fourth quarter. Wells Fargo & Company MN now owns 272,339 shares of the investment management company’s stock valued at $2,582,000 after purchasing an additional 72,512 shares during the last quarter. 10.12% of the stock is owned by hedge funds and other institutional investors.

Invesco California Value Municipal Income Trust Company Profile

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Invesco California Value Municipal Income Trust operates as a closed-end investment fund/investment trust. Its investment objective is to seek to provide common shareholders with current income exempt from federal and California income taxes, consistent with preservation of capital. The company was headquartered on December 21, 1992 and is headquartered in Atlanta, GA.