Inv Vk Ca Valu (NYSE:VCV) Hits New 52-Week High – What’s Next?

Inv Vk Ca Valu (NYSE:VCV) shares hit a new 52-week high during trading on Monday . The stock traded as high as $11.36 and last traded at $11.1950, with a volume of 15069 shares traded. The stock had previously closed at $11.04.

Inv Vk Ca Valu Stock Performance

The company’s fifty day moving average is $10.54 and its 200 day moving average is $10.35.

Inv Vk Ca Valu Announces Dividend

The company also recently announced a monthly dividend, which was paid on Friday, October 31st. Shareholders of record on Thursday, October 16th were issued a $0.0646 dividend. This represents a c) annualized dividend and a yield of 6.9%. The ex-dividend date of this dividend was Thursday, October 16th.

Institutional Investors Weigh In On Inv Vk Ca Valu

A number of institutional investors have recently added to or reduced their stakes in VCV. Sound Income Strategies LLC bought a new stake in Inv Vk Ca Valu during the 2nd quarter worth approximately $50,000. HCR Wealth Advisors bought a new stake in shares of Inv Vk Ca Valu in the 3rd quarter valued at $105,000. NWF Advisory Services Inc. bought a new stake in shares of Inv Vk Ca Valu in the 2nd quarter valued at $133,000. Clay Northam Wealth Management LLC boosted its stake in shares of Inv Vk Ca Valu by 33.4% in the 2nd quarter. Clay Northam Wealth Management LLC now owns 30,147 shares of the investment management company’s stock valued at $313,000 after purchasing an additional 7,547 shares during the last quarter. Finally, Envestnet Asset Management Inc. boosted its stake in shares of Inv Vk Ca Valu by 3.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 31,083 shares of the investment management company’s stock valued at $322,000 after purchasing an additional 1,074 shares during the last quarter. 18.80% of the stock is owned by institutional investors.

About Inv Vk Ca Valu

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.