Invesco California Value Municipal Income Trust (NYSE:VCV) Stock Price Crosses Above 200-Day Moving Average of $10.12

Invesco California Value Municipal Income Trust (NYSE:VCV) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $10.12 and traded as high as $10.86. Invesco California Value Municipal Income Trust shares last traded at $10.82, with a volume of 139,371 shares changing hands.

Invesco California Value Municipal Income Trust Price Performance

The firm’s fifty day simple moving average is $10.61 and its 200 day simple moving average is $10.12.

Invesco California Value Municipal Income Trust Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, August 30th. Shareholders of record on Friday, August 16th were issued a $0.0646 dividend. This represents a $0.78 annualized dividend and a yield of 7.16%. The ex-dividend date of this dividend was Friday, August 16th.

Institutional Investors Weigh In On Invesco California Value Municipal Income Trust

Several hedge funds have recently added to or reduced their stakes in the business. Mercer Global Advisors Inc. ADV boosted its holdings in Invesco California Value Municipal Income Trust by 138.6% in the second quarter. Mercer Global Advisors Inc. ADV now owns 36,220 shares of the investment management company’s stock valued at $377,000 after purchasing an additional 21,039 shares during the last quarter. Vanguard Capital Wealth Advisors boosted its stake in shares of Invesco California Value Municipal Income Trust by 42.9% during the 2nd quarter. Vanguard Capital Wealth Advisors now owns 20,000 shares of the investment management company’s stock worth $208,000 after acquiring an additional 6,000 shares in the last quarter. Blue Bell Private Wealth Management LLC purchased a new stake in shares of Invesco California Value Municipal Income Trust during the 2nd quarter worth about $38,000. Commonwealth Equity Services LLC boosted its stake in shares of Invesco California Value Municipal Income Trust by 40.8% during the 2nd quarter. Commonwealth Equity Services LLC now owns 124,653 shares of the investment management company’s stock worth $1,299,000 after acquiring an additional 36,129 shares in the last quarter. Finally, Rothschild Investment LLC purchased a new stake in shares of Invesco California Value Municipal Income Trust during the 2nd quarter worth about $34,000. 18.80% of the stock is owned by hedge funds and other institutional investors.

Invesco California Value Municipal Income Trust Company 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.