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

Other hedge funds have also recently made changes to their positions in the company. Wells Fargo & Company MN increased its position in INV VK CA VALU by 15.9% in the 4th quarter. Wells Fargo & Company MN now owns 513,271 shares of the investment management company's stock valued at $5,615,000 after buying an additional 70,560 shares in the last quarter. Bank of America Corp DE increased its holdings in INV VK CA VALU by 8.2% during the 4th quarter. Bank of America Corp DE now owns 185,398 shares of the investment management company's stock worth $2,028,000 after purchasing an additional 13,972 shares in the last quarter. LPL Financial LLC increased its holdings in INV VK CA VALU by 16.8% during the 1st quarter. LPL Financial LLC now owns 140,907 shares of the investment management company's stock worth $1,495,000 after purchasing an additional 20,290 shares in the last quarter. Ameriprise Financial Inc. increased its holdings in INV VK CA VALU by 212.3% during the 4th quarter. Ameriprise Financial Inc. now owns 119,647 shares of the investment management company's stock worth $1,309,000 after purchasing an additional 81,340 shares in the last quarter. Finally, Envestnet Asset Management Inc. increased its holdings in INV VK CA VALU by 78.9% during the 4th quarter. Envestnet Asset Management Inc. now owns 74,374 shares of the investment management company's stock worth $814,000 after purchasing an additional 32,803 shares in the last quarter. 18.80% of the stock is owned by institutional investors.

INV VK CA VALU Stock Performance

VCV traded down $0.08 during midday trading on Wednesday, reaching $10.22. 24,179 shares of the company were exchanged, compared to its average volume of 96,314. The company's fifty day moving average price is $10.25 and its 200 day moving average price is $10.46. INV VK CA VALU has a one year low of $9.51 and a one year high of $11.47.

INV VK CA VALU Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, August 29th. Shareholders of record on Monday, August 18th will be issued a dividend of $0.0646 per share. This represents a c) dividend on an annualized basis and a yield of 7.6%. The ex-dividend date of this dividend is Monday, August 18th.

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.