Saba Capital Management, L.P. Buys 2,973 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. acquired 2,973 shares of the company’s stock in a transaction on Monday, April 15th. The stock was acquired at an average price of $9.94 per share, with a total value of $29,551.62. Following the acquisition, the insider now owns 2,842,701 shares in the company, valued at approximately $28,256,447.94. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Major shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

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

• On Friday, April 12th, Saba Capital Management, L.P. acquired 13,333 shares of Invesco Pennsylvania Value Municipal Income Trust stock. The stock was acquired at an average price of $10.01 per share, with a total value of $133,463.33.
• On Tuesday, March 19th, Saba Capital Management, L.P. acquired 11,342 shares of Invesco Pennsylvania Value Municipal Income Trust stock. The stock was acquired at an average price of $10.21 per share, with a total value of $115,801.82.
• On Monday, March 11th, Saba Capital Management, L.P. acquired 10,373 shares of Invesco Pennsylvania Value Municipal Income Trust stock. The stock was 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. acquired 27,652 shares of Invesco Pennsylvania Value Municipal Income Trust stock. The stock was acquired at an average price of $10.15 per share, with a total value of $280,667.80.
• On Tuesday, January 16th, Saba Capital Management, L.P. bought 100 shares of Invesco Pennsylvania Value Municipal Income Trust stock. The stock was purchased at an average price of $10.10 per share, with a total value of $1,010.00.

Invesco Pennsylvania Value Municipal Income Trust Stock Performance

VPV opened at $9.93 on Wednesday. The business has a 50 day moving average of $10.14 and a 200-day moving average of $9.76. Invesco Pennsylvania Value Municipal Income Trust has a 52 week low of $8.58 and a 52 week high of $10.28.

Invesco Pennsylvania Value Municipal Income Trust Announces Dividend

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Almitas Capital LLC purchased a new position in shares of Invesco Pennsylvania Value Municipal Income Trust in the 4th quarter valued at approximately $85,000. Blue Bell Private Wealth Management LLC lifted its stake in shares of Invesco Pennsylvania Value Municipal Income Trust by 372.7% in the 4th quarter. Blue Bell Private Wealth Management LLC now owns 10,872 shares of the financial services provider’s stock valued at $109,000 after purchasing an additional 8,572 shares during the period. Envestnet Asset Management Inc. purchased a new position in shares of Invesco Pennsylvania Value Municipal Income Trust in the 3rd quarter valued at approximately $110,000. Virtu Financial LLC purchased a new position in shares of Invesco Pennsylvania Value Municipal Income Trust in the 4th quarter valued at approximately $122,000. Finally, Cetera Advisor Networks LLC lifted its stake in shares of Invesco Pennsylvania Value Municipal Income Trust by 16.4% in the 4th quarter. Cetera Advisor Networks LLC now owns 13,102 shares of the financial services provider’s stock valued at $128,000 after purchasing an additional 1,848 shares during the period.

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.