Invesco California Value Municipal Income Trust (NYSE:VCV) Sees Unusually-High Trading Volume

Invesco California Value Municipal Income Trust (NYSE:VCV) saw an uptick in trading volume on Wednesday . 4,932 shares changed hands during mid-day trading, a decline of 92% from the previous session’s volume of 63,984 shares.The stock last traded at $14.22 and had previously closed at $14.23.

The stock has a 50-day moving average of $14.07 and a 200-day moving average of $13.52.

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, September 30th. Investors of record on Tuesday, September 14th will be given a $0.0475 dividend. The ex-dividend date of this dividend is Monday, September 13th. This represents a $0.57 dividend on an annualized basis and a dividend yield of 4.00%.

Hedge funds have recently modified their holdings of the stock. US Bancorp DE raised its position in shares of Invesco California Value Municipal Income Trust by 137.6% in the second quarter. US Bancorp DE now owns 3,454 shares of the investment management company’s stock worth $48,000 after buying an additional 2,000 shares in the last quarter. Sowell Financial Services LLC bought a new position in Invesco California Value Municipal Income Trust in the first quarter valued at $59,000. Rockefeller Capital Management L.P. bought a new position in Invesco California Value Municipal Income Trust in the first quarter valued at $127,000. Liberty Wealth Management LLC bought a new position in Invesco California Value Municipal Income Trust in the second quarter valued at $1,200,000. Finally, Strategic Wealth Advisors Group LLC bought a new position in shares of Invesco California Value Municipal Income Trust during the second quarter valued at about $246,000. Institutional investors own 9.73% of the company’s stock.

Invesco California Value Municipal Income Trust Company Profile (NYSE:VCV)

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 Houston, TX.

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