Atria Wealth Solutions Inc. Buys 28,845 Shares of INV VK CA VALU (NYSE:VCV)

Key Points

• Atria Wealth Solutions Inc. increased its stock holdings in INV VK CA VALU (NYSE:VCV) by 11.3% during the first quarter, owning approximately $3.02 million worth of shares.
• Other institutional investors, including Wells Fargo and Bank of America, also expanded their stakes in INV VK CA VALU during the fourth quarter, contributing to a total of 18.80% institutional ownership.
• INV VK CA VALU recently declared a monthly dividend of $0.0646 per share, with a yield of 7.6%, payable on August 29th.

Atria Wealth Solutions Inc. boosted its holdings in INV VK CA VALU (NYSE:VCV - Free Report) by 11.3% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 284,258 shares of the investment management company's stock after acquiring an additional 28,845 shares during the quarter. Atria Wealth Solutions Inc. owned 0.59% of INV VK CA VALU worth $3,016,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. Wealth Enhancement Advisory Services LLC raised its holdings in shares of INV VK CA VALU by 5.1% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 20,620 shares of the investment management company's stock worth $226,000 after purchasing an additional 1,000 shares during the period. LPL Financial LLC raised its holdings in INV VK CA VALU by 1.1% during the 4th quarter. LPL Financial LLC now owns 120,617 shares of the investment management company's stock valued at $1,320,000 after acquiring an additional 1,339 shares during the period. Janney Montgomery Scott LLC raised its holdings 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 acquiring an additional 1,909 shares during the period. D.A. Davidson & CO. raised its holdings in INV VK CA VALU by 5.7% during the 1st quarter. D.A. Davidson & CO. now owns 44,892 shares of the investment management company's stock valued at $476,000 after acquiring an additional 2,427 shares during the period. Finally, Western Wealth Management LLC raised its holdings 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 acquiring an additional 8,852 shares during the period. Institutional investors own 18.80% of the company's stock.

INV VK CA VALU Trading Down 0.1%

VCV stock traded down $0.01 during midday trading on Tuesday, reaching $10.24. 70,599 shares of the company's stock traded hands, compared to its average volume of 96,820. The company has a 50-day moving average price of $10.25 and a two-hundred day moving average price of $10.46. 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 company also recently declared a monthly dividend, which will be paid on Friday, August 29th. Stockholders of record on Monday, August 18th will be issued a $0.0646 dividend. The ex-dividend date of this dividend is Monday, August 18th. This represents a c) annualized dividend and a dividend yield of 7.6%.

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.