Baird Financial Group Inc. Acquires New Holdings in Inv Vk Pa Valu $VPV

Key Points

• Baird Financial Group Inc. acquired 34,608 shares of Invesco Pennsylvania Value Municipal Income Trust (NYSE: VPV), valued at approximately $353,000, during the first quarter.
• Wolverine Asset Management significantly increased its stake in Inv Vk Pa Valu by 336.6%, now owning 83,276 shares valued at $849,000.
• Inv Vk Pa Valu announced a monthly dividend of $0.0667 per share, with a dividend yield of 7.8%, payable on September 30th.

Baird Financial Group Inc. acquired a new position in Inv Vk Pa Valu (NYSE:VPV - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 34,608 shares of the financial services provider's stock, valued at approximately $353,000. Baird Financial Group Inc. owned 0.19% of Inv Vk Pa Valu as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. PNC Financial Services Group Inc. bought a new stake in shares of Inv Vk Pa Valu in the first quarter valued at approximately $90,000. Cetera Investment Advisers raised its position in shares of Inv Vk Pa Valu by 9.1% in the fourth quarter. Cetera Investment Advisers now owns 14,099 shares of the financial services provider's stock valued at $145,000 after purchasing an additional 1,172 shares during the period. Walleye Capital LLC raised its position in shares of Inv Vk Pa Valu by 68.6% in the first quarter. Walleye Capital LLC now owns 19,017 shares of the financial services provider's stock valued at $194,000 after purchasing an additional 7,735 shares during the period. Nomura Holdings Inc. bought a new stake in shares of Inv Vk Pa Valu in the fourth quarter valued at approximately $198,000. Finally, Janney Montgomery Scott LLC raised its position in shares of Inv Vk Pa Valu by 18.1% in the first quarter. Janney Montgomery Scott LLC now owns 19,590 shares of the financial services provider's stock valued at $200,000 after purchasing an additional 3,000 shares during the period.

Inv Vk Pa Valu Stock Performance

Shares of NYSE VPV traded up $0.04 during midday trading on Wednesday, hitting $10.35. The company's stock had a trading volume of 27,813 shares, compared to its average volume of 37,851. The stock has a fifty day moving average price of $10.03 and a 200 day moving average price of $10.02. Inv Vk Pa Valu has a one year low of $9.50 and a one year high of $11.41.

Inv Vk Pa Valu Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, September 30th. Investors of record on Tuesday, September 16th will be paid a dividend of $0.0667 per share. The ex-dividend date of this dividend is Tuesday, September 16th. This represents a c) annualized dividend and a yield of 7.7%.

About Inv Vk Pa Valu

Invesco Pennsylvania 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.