Hennion & Walsh Asset Management Inc. decreased its position in Invesco California Value Municipal Income Trust (NYSE:VCV - Free Report) by 14.4% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 303,999 shares of the investment management company's stock after selling 51,189 shares during the quarter. Hennion & Walsh Asset Management Inc.'s holdings in Invesco California Value Municipal Income Trust were worth $3,225,000 at the end of the most recent quarter.
Other institutional investors have also recently modified their holdings of the company. Myecfo LLC purchased a new stake in shares of Invesco California Value Municipal Income Trust in the first quarter worth $114,000. Stifel Financial Corp purchased a new position in Invesco California Value Municipal Income Trust in the fourth quarter worth about $117,000. Wealth Enhancement Advisory Services LLC boosted its position in Invesco California Value Municipal Income Trust by 5.1% in the fourth 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 last quarter. Walleye Capital LLC purchased a new position in Invesco California Value Municipal Income Trust in the fourth quarter worth about $291,000. Finally, Western Wealth Management LLC boosted its position in Invesco California Value Municipal Income Trust by 34.3% in the fourth quarter. Western Wealth Management LLC now owns 34,636 shares of the investment management company's stock worth $379,000 after purchasing an additional 8,852 shares during the last quarter. 18.80% of the stock is owned by hedge funds and other institutional investors.
Invesco California Value Municipal Income Trust Trading Down 0.8%
NYSE:VCV traded down $0.08 on Friday, hitting $10.19. The stock had a trading volume of 198,550 shares, compared to its average volume of 123,105. The business's 50-day simple moving average is $10.23 and its two-hundred day simple moving average is $10.62. Invesco California Value Municipal Income Trust has a 52-week low of $9.51 and a 52-week high of $11.47.
Invesco California Value Municipal Income Trust Dividend Announcement
The company also recently announced a monthly dividend, which will be paid on Monday, June 30th. Shareholders of record on Tuesday, June 17th will be given a $0.0646 dividend. The ex-dividend date is Tuesday, June 17th. This represents a $0.78 annualized dividend and a yield of 7.61%.
About Invesco California Value Municipal Income Trust
(
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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