Hennion & Walsh Asset Management Inc. Raises Holdings in Inv Vk Ca Valu $VCV

Key Points

• Hennion & Walsh Asset Management increased its VCV stake by 21% in the second quarter, adding 99,089 shares to own 570,385 shares valued at approximately $6.15 million, or 1.16% of the fund.
• Other institutional investors also raised their positions, including Mirador Capital Partners, which increased its stake by 148.6%. Institutional investors collectively own 18.8% of VCV.
• VCV shares opened at $10.61, within a 12-month range of $10.03 to $11.38, while the fund announced a monthly dividend of $0.0646 per share, representing a 7.3% annualized yield.

Hennion & Walsh Asset Management Inc. boosted its stake in Inv Vk Ca Valu (NYSE:VCV - Free Report) by 21.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 570,385 shares of the investment management company's stock after purchasing an additional 99,089 shares during the period. Hennion & Walsh Asset Management Inc. owned about 1.16% of Inv Vk Ca Valu worth $6,154,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of VCV. Mirador Capital Partners LP boosted its stake in shares of Inv Vk Ca Valu by 148.6% during the second quarter. Mirador Capital Partners LP now owns 29,280 shares of the investment management company's stock valued at $316,000 after purchasing an additional 17,500 shares during the period. Western Wealth Management LLC purchased a new position in shares of Inv Vk Ca Valu in the first quarter worth $465,000. Royal Bank of Canada increased its stake in shares of Inv Vk Ca Valu by 24.8% in the first quarter. Royal Bank of Canada now owns 34,335 shares of the investment management company's stock worth $359,000 after buying an additional 6,822 shares during the period. Independent Financial Group LLC bought a new stake in Inv Vk Ca Valu during the 1st quarter valued at $123,000. Finally, NWF Advisory Services Inc. raised its holdings in Inv Vk Ca Valu by 15.7% during the 1st quarter. NWF Advisory Services Inc. now owns 17,300 shares of the investment management company's stock valued at $181,000 after buying an additional 2,350 shares during the last quarter. Institutional investors own 18.80% of the company's stock.

Inv Vk Ca Valu Price Performance

Shares of VCV opened at $10.61 on Monday. Inv Vk Ca Valu has a twelve month low of $10.03 and a twelve month high of $11.38. The firm has a fifty day simple moving average of $10.67 and a two-hundred day simple moving average of $10.77.

Inv Vk Ca Valu Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, August 31st. Stockholders of record on Monday, August 17th will be paid a dividend of $0.0646 per share. This represents a c) annualized dividend and a dividend yield of 7.3%. The ex-dividend date of this dividend is Monday, August 17th.

Inv Vk Ca Valu Company Profile

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. The fund primarily invests in investment grade California municipal securities which include municipal bonds, municipal notes, municipal commercial paper, and lease obligations.

Want to see what other hedge funds are holding VCV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Inv Vk Ca Valu (NYSE:VCV - Free Report).

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