Inv Vk Ca Valu (NYSE:VCV) Stock Crosses Above Two Hundred Day Moving Average – Here’s What Happened

Inv Vk Ca Valu (NYSE:VCV) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $10.83 and traded as high as $11.36. Inv Vk Ca Valu shares last traded at $11.3040, with a volume of 156,060 shares traded.

Inv Vk Ca Valu Stock Up 0.2%

The stock’s 50 day moving average is $11.13 and its two-hundred day moving average is $10.83.

Inv Vk Ca Valu Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Friday, February 27th. Stockholders of record on Tuesday, February 17th were paid a $0.0646 dividend. The ex-dividend date of this dividend was Tuesday, February 17th. This represents a c) dividend on an annualized basis and a dividend yield of 6.9%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Advisors Asset Management Inc. boosted its stake in Inv Vk Ca Valu by 42.8% during the 4th quarter. Advisors Asset Management Inc. now owns 1,150,260 shares of the investment management company’s stock worth $12,802,000 after purchasing an additional 344,545 shares during the last quarter. Guggenheim Capital LLC boosted its position in Inv Vk Ca Valu by 25.9% during the fourth quarter. Guggenheim Capital LLC now owns 1,085,630 shares of the investment management company’s stock worth $12,083,000 after acquiring an additional 223,658 shares during the last quarter. Hennion & Walsh Asset Management Inc. grew its stake in Inv Vk Ca Valu by 17.4% during the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 398,429 shares of the investment management company’s stock valued at $4,219,000 after acquiring an additional 59,002 shares in the last quarter. ProCore Advisors LLC purchased a new stake in Inv Vk Ca Valu during the 4th quarter valued at about $407,000. Finally, D.A. Davidson & CO. raised its holdings in Inv Vk Ca Valu by 77.3% in the 3rd quarter. D.A. Davidson & CO. now owns 75,277 shares of the investment management company’s stock valued at $797,000 after acquiring an additional 32,812 shares during the last quarter. Hedge funds and other institutional investors own 18.80% of the company’s stock.

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. The fund primarily invests in investment grade California municipal securities which include municipal bonds, municipal notes, municipal commercial paper, and lease obligations.