AQR Arbitrage LLC reduced its stake in Invesco California Value Municipal Income Trust (NYSE:VCV - Free Report) by 84.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. 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 at the end of the most recent quarter.
Other institutional investors have also modified their holdings of the company. Stifel Financial Corp purchased a new position in shares of Invesco California Value Municipal Income Trust during the fourth quarter worth $117,000. NewEdge Advisors LLC purchased a new position in shares of Invesco California Value Municipal Income Trust during the fourth quarter worth approximately $430,000. Walleye Capital LLC purchased a new stake in Invesco California Value Municipal Income Trust in the 4th quarter valued at $291,000. Raymond James Financial Inc. purchased a new stake in shares of Invesco California Value Municipal Income Trust during the fourth quarter worth approximately $606,000. Finally, Envestnet Asset Management Inc. increased its stake in shares of Invesco California Value Municipal Income Trust by 78.9% during the fourth quarter. Envestnet Asset Management Inc. now owns 74,374 shares of the investment management company's stock worth $814,000 after acquiring an additional 32,803 shares during the period. Hedge funds and other institutional investors own 18.80% of the company's stock.
Invesco California Value Municipal Income Trust Price Performance
Shares of NYSE VCV traded up $0.10 during trading on Wednesday, hitting $10.54. 31,857 shares of the company were exchanged, compared to its average volume of 124,994. Invesco California Value Municipal Income Trust has a 1 year low of $9.51 and a 1 year high of $11.47. The firm's fifty day moving average price is $10.41 and its 200 day moving average price is $10.61.
Invesco California Value Municipal Income Trust Announces Dividend
The company also recently declared a monthly dividend, which will be paid on Friday, May 30th. Stockholders of record on Friday, May 16th will be paid a dividend of $0.0646 per share. This represents a $0.78 annualized dividend and a dividend yield of 7.35%. The ex-dividend date is Friday, May 16th.
About Invesco California Value Municipal Income Trust
(
Free Report)
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.
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