AQR Arbitrage LLC Sells 180,522 Shares of Invesco California Value Municipal Income Trust (NYSE:VCV)

AQR Arbitrage LLC decreased its stake in shares of Invesco California Value Municipal Income Trust (NYSE:VCV - Free Report) by 84.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,398 shares of the investment management company's stock after selling 180,522 shares during the quarter. AQR Arbitrage LLC's holdings in Invesco California Value Municipal Income Trust were worth $365,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Stifel Financial Corp purchased a new position in shares of Invesco California Value Municipal Income Trust during the fourth quarter worth approximately $117,000. Walleye Capital LLC bought a new stake in Invesco California Value Municipal Income Trust during the 4th quarter valued at $291,000. NewEdge Advisors LLC purchased a new stake in shares of Invesco California Value Municipal Income Trust in the 4th quarter worth $430,000. D.A. Davidson & CO. grew its position in shares of Invesco California Value Municipal Income Trust by 11.4% during the 4th quarter. D.A. Davidson & CO. now owns 42,465 shares of the investment management company's stock worth $465,000 after buying an additional 4,350 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new position in shares of Invesco California Value Municipal Income Trust during the fourth quarter valued at $606,000. Institutional investors own 18.80% of the company's stock.

Invesco California Value Municipal Income Trust Stock Performance

VCV stock opened at $10.43 on Friday. Invesco California Value Municipal Income Trust has a 1-year low of $9.51 and a 1-year high of $11.47. The business has a 50-day moving average price of $10.45 and a 200 day moving average price of $10.61.

Invesco California Value Municipal Income Trust Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 16th were issued a $0.0646 dividend. The ex-dividend date was Wednesday, April 16th. This represents a $0.78 annualized dividend and a dividend yield of 7.43%.

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.

Want to see what other hedge funds are holding VCV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco California Value Municipal Income Trust (NYSE:VCV - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.