Advisors Asset Management Inc. Increases Stock Holdings in INV VK CA VALU $VCV

Key Points

• Advisors Asset Management Inc. increased its stake in Inv Vk Ca Valu by 9.9%, owning 632,132 shares valued at approximately $6.7 million as of its latest SEC filing.
• Several other institutional investors, including Wealth Enhancement Advisory Services LLC and Janney Montgomery Scott LLC, also boosted their holdings in Inv Vk Ca Valu during recent quarters.
• Inv Vk Ca Valu will pay a monthly dividend of $0.0646 per share, with a dividend yield of 7.6%, payable to stockholders on September 30th.

Advisors Asset Management Inc. grew its stake in INV VK CA VALU (NYSE:VCV - Free Report) by 9.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 632,132 shares of the investment management company's stock after acquiring an additional 57,010 shares during the quarter. Advisors Asset Management Inc. owned about 1.32% of INV VK CA VALU worth $6,707,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Myecfo LLC purchased a new position in INV VK CA VALU during the first quarter worth about $114,000. Stifel Financial Corp acquired a new stake in shares of INV VK CA VALU in the fourth quarter valued at about $117,000. Wealth Enhancement Advisory Services LLC grew its stake in shares of INV VK CA VALU by 5.1% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 20,620 shares of the investment management company's stock valued at $226,000 after buying an additional 1,000 shares in the last quarter. Janney Montgomery Scott LLC grew its stake in INV VK CA VALU by 5.9% during the 1st quarter. Janney Montgomery Scott LLC now owns 34,220 shares of the investment management company's stock valued at $363,000 after purchasing an additional 1,909 shares in the last quarter. Finally, Western Wealth Management LLC grew its stake in INV VK CA VALU by 34.3% during the 4th quarter. Western Wealth Management LLC now owns 34,636 shares of the investment management company's stock valued at $379,000 after purchasing an additional 8,852 shares in the last quarter. 18.80% of the stock is currently owned by hedge funds and other institutional investors.

INV VK CA VALU Trading Up 1.5%

NYSE:VCV traded up $0.15 during trading hours on Monday, reaching $10.42. 274,722 shares of the stock were exchanged, compared to its average volume of 99,375. The firm has a 50 day simple moving average of $10.25 and a 200-day simple moving average of $10.35. INV VK CA VALU has a 52 week low of $9.51 and a 52 week high of $11.47.

INV VK CA VALU Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 16th will be given a dividend of $0.0646 per share. The ex-dividend date is Tuesday, September 16th. This represents a c) annualized dividend and a dividend yield of 7.4%.

INV VK CA VALU 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.