Saba Capital Management, L.P. Buys 13,333 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. bought 13,333 shares of the business’s stock in a transaction dated Friday, April 12th. The stock was acquired at an average cost of $10.01 per share, for a total transaction of $133,463.33. Following the completion of the acquisition, the insider now directly owns 2,839,728 shares in the company, valued at $28,425,677.28. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

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

• On Monday, April 15th, Saba Capital Management, L.P. acquired 2,973 shares of Invesco Pennsylvania Value Municipal Income Trust stock. The shares were acquired at an average cost of $9.94 per share, for a total transaction of $29,551.62.
• On Tuesday, March 19th, Saba Capital Management, L.P. bought 11,342 shares of Invesco Pennsylvania Value Municipal Income Trust stock. The stock was acquired at an average cost of $10.21 per share, with a total value of $115,801.82.
• On Monday, March 11th, Saba Capital Management, L.P. bought 10,373 shares of Invesco Pennsylvania Value Municipal Income Trust stock. The shares were acquired at an average price of $10.22 per share, with a total value of $106,012.06.
• On Thursday, March 7th, Saba Capital Management, L.P. purchased 27,652 shares of Invesco Pennsylvania Value Municipal Income Trust stock. The stock was bought at an average price of $10.15 per share, for a total transaction of $280,667.80.
• On Tuesday, January 16th, Saba Capital Management, L.P. acquired 100 shares of Invesco Pennsylvania Value Municipal Income Trust stock. The shares were bought at an average cost of $10.10 per share, with a total value of $1,010.00.

Invesco Pennsylvania Value Municipal Income Trust Price Performance

NYSE:VPV opened at $9.93 on Wednesday. Invesco Pennsylvania Value Municipal Income Trust has a 12-month low of $8.58 and a 12-month high of $10.28. The stock’s 50 day simple moving average is $10.14 and its 200-day simple moving average is $9.76.

Invesco Pennsylvania Value Municipal Income Trust Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Tuesday, April 16th will be paid a $0.0325 dividend. The ex-dividend date of this dividend is Monday, April 15th. This represents a $0.39 annualized dividend and a yield of 3.93%.

Institutional Trading of Invesco Pennsylvania Value Municipal Income Trust

Several hedge funds have recently made changes to their positions in the company. LPL Financial LLC raised its holdings in Invesco Pennsylvania Value Municipal Income Trust by 5.2% during the fourth quarter. LPL Financial LLC now owns 27,468 shares of the financial services provider’s stock worth $269,000 after purchasing an additional 1,356 shares in the last quarter. Cetera Advisor Networks LLC increased its position in Invesco Pennsylvania Value Municipal Income Trust by 16.4% during the 4th quarter. Cetera Advisor Networks LLC now owns 13,102 shares of the financial services provider’s stock worth $128,000 after purchasing an additional 1,848 shares during the period. Ameriprise Financial Inc. raised its stake in shares of Invesco Pennsylvania Value Municipal Income Trust by 14.3% during the 3rd quarter. Ameriprise Financial Inc. now owns 21,421 shares of the financial services provider’s stock worth $192,000 after buying an additional 2,682 shares in the last quarter. Wells Fargo & Company MN lifted its holdings in shares of Invesco Pennsylvania Value Municipal Income Trust by 12.3% in the 4th quarter. Wells Fargo & Company MN now owns 34,852 shares of the financial services provider’s stock valued at $342,000 after buying an additional 3,812 shares during the period. Finally, Stifel Financial Corp boosted its stake in shares of Invesco Pennsylvania Value Municipal Income Trust by 25.2% in the fourth quarter. Stifel Financial Corp now owns 23,221 shares of the financial services provider’s stock valued at $232,000 after buying an additional 4,676 shares in 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.