Beach Point Capital Management LP Takes Position in Invesco California Value Municipal Income Trust (NYSE:VCV)

Beach Point Capital Management LP purchased a new position in shares of Invesco California Value Municipal Income Trust (NYSE:VCV) during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 323,732 shares of the investment management company’s stock, valued at approximately $3,101,000. Invesco California Value Municipal Income Trust makes up approximately 1.3% of Beach Point Capital Management LP’s holdings, making the stock its 17th largest position. Beach Point Capital Management LP owned 0.68% of Invesco California Value Municipal Income Trust at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Raymond James & Associates raised its position in shares of Invesco California Value Municipal Income Trust by 31.6% during the second quarter. Raymond James & Associates now owns 31,200 shares of the investment management company’s stock worth $299,000 after acquiring an additional 7,500 shares during the last quarter. Janney Montgomery Scott LLC raised its holdings in Invesco California Value Municipal Income Trust by 23.6% during the 1st quarter. Janney Montgomery Scott LLC now owns 20,972 shares of the investment management company’s stock worth $213,000 after purchasing an additional 4,006 shares during the last quarter. Virtu Financial LLC acquired a new position in Invesco California Value Municipal Income Trust during the 1st quarter valued at about $140,000. Cetera Investment Advisers boosted its stake in shares of Invesco California Value Municipal Income Trust by 66.1% in the 1st quarter. Cetera Investment Advisers now owns 19,539 shares of the investment management company’s stock valued at $199,000 after purchasing an additional 7,777 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. grew its position in shares of Invesco California Value Municipal Income Trust by 18.3% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 17,807 shares of the investment management company’s stock worth $197,000 after buying an additional 2,760 shares during the period. Institutional investors own 14.01% of the company’s stock.

Invesco California Value Municipal Income Trust Trading Up 0.3 %

Shares of VCV traded up $0.03 on Friday, reaching $9.13. 128,266 shares of the company’s stock were exchanged, compared to its average volume of 194,709. Invesco California Value Municipal Income Trust has a 12 month low of $8.05 and a 12 month high of $10.49. The business has a 50 day moving average price of $8.54 and a two-hundred day moving average price of $9.17.

Invesco California Value Municipal Income Trust Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Thursday, November 30th. Stockholders of record on Wednesday, November 15th will be paid a $0.032 dividend. This represents a $0.38 dividend on an annualized basis and a dividend yield of 4.21%. The ex-dividend date is Tuesday, November 14th.

About Invesco California Value Municipal Income Trust

Invesco California 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.