Ameriprise Financial Inc. increased its holdings in shares of Invesco California Value Municipal Income Trust (NYSE:VCV - Free Report) by 212.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 119,647 shares of the investment management company's stock after purchasing an additional 81,340 shares during the quarter. Ameriprise Financial Inc.'s holdings in Invesco California Value Municipal Income Trust were worth $1,309,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors have also recently modified their holdings of VCV. Stifel Financial Corp bought a new stake in Invesco California Value Municipal Income Trust in the 4th quarter worth about $117,000. Walleye Capital LLC purchased a new stake in shares of Invesco California Value Municipal Income Trust during the 4th quarter valued at about $291,000. NewEdge Advisors LLC purchased a new stake in shares of Invesco California Value Municipal Income Trust during the 4th quarter valued at about $430,000. D.A. Davidson & CO. raised its holdings in shares of Invesco California Value Municipal Income Trust by 11.4% during the fourth quarter. D.A. Davidson & CO. now owns 42,465 shares of the investment management company's stock valued at $465,000 after purchasing an additional 4,350 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new position in Invesco California Value Municipal Income Trust during the fourth quarter valued at approximately $606,000. 18.80% of the stock is owned by institutional investors.
Invesco California Value Municipal Income Trust Trading Down 0.5%
VCV stock traded down $0.05 on Wednesday, hitting $10.29. The company had a trading volume of 201,036 shares, compared to its average volume of 123,710. Invesco California Value Municipal Income Trust has a 12-month low of $9.51 and a 12-month high of $11.47. The stock's 50-day simple moving average is $10.25 and its 200 day simple moving average is $10.62.
Invesco California Value Municipal Income Trust Dividend Announcement
The company also recently declared a monthly dividend, which will be paid on Monday, June 30th. Stockholders of record on Tuesday, June 17th will be issued a dividend of $0.0646 per share. The ex-dividend date is Tuesday, June 17th. This represents a $0.78 annualized dividend and a dividend yield of 7.53%.
Invesco California Value Municipal Income Trust Profile
(
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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