Invesco California Value Municipal Income Trust (NYSE:VCV) Shares Purchased by Advisors Asset Management Inc.

Advisors Asset Management Inc. boosted its position in Invesco California Value Municipal Income Trust (NYSE:VCV) by 16.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 414,664 shares of the investment management company’s stock after purchasing an additional 57,207 shares during the period. Advisors Asset Management Inc.’s holdings in Invesco California Value Municipal Income Trust were worth $4,130,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the company. TriaGen Wealth Management LLC acquired a new stake in shares of Invesco California Value Municipal Income Trust during the 4th quarter valued at approximately $101,000. International Assets Investment Management LLC acquired a new stake in shares of Invesco California Value Municipal Income Trust during the 4th quarter valued at approximately $2,100,000. WestHill Financial Advisors Inc. acquired a new stake in shares of Invesco California Value Municipal Income Trust during the 4th quarter valued at approximately $117,000. Pacific Wealth Strategies Group Inc. lifted its position in shares of Invesco California Value Municipal Income Trust by 7.4% during the 4th quarter. Pacific Wealth Strategies Group Inc. now owns 62,470 shares of the investment management company’s stock valued at $612,000 after acquiring an additional 4,280 shares during the period. Finally, Wolverine Asset Management LLC lifted its position in shares of Invesco California Value Municipal Income Trust by 197.6% during the 4th quarter. Wolverine Asset Management LLC now owns 44,686 shares of the investment management company’s stock valued at $438,000 after acquiring an additional 29,671 shares during the period. Institutional investors and hedge funds own 18.80% of the company’s stock.

Invesco California Value Municipal Income Trust Price Performance

Shares of VCV stock traded up $0.04 during midday trading on Friday, reaching $10.56. 61,648 shares of the company traded hands, compared to its average volume of 93,065. The firm’s 50 day simple moving average is $10.30 and its two-hundred day simple moving average is $9.94. Invesco California Value Municipal Income Trust has a 1-year low of $8.05 and a 1-year high of $10.77.

Invesco California Value Municipal Income Trust Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Tuesday, July 16th will be paid a dividend of $0.0646 per share. The ex-dividend date of this dividend is Tuesday, July 16th. This represents a $0.78 dividend on an annualized basis and a dividend yield of 7.34%.

Invesco California Value Municipal Income Trust Profile

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.