Inv Vk Pa Valu $VPV Shares Sold by Sit Investment Associates Inc.

Key Points

• Sit Investment Associates Inc. reduced its stake in Inv Vk Pa Valu (NYSE: VPV) by 88.7%, selling 405,975 shares and retaining only 51,685 shares valued at $527,000, according to its recent 13F filing.
• Inv Vk Pa Valu announced a monthly dividend of $0.0667, with a yield of 8.0%, to be paid on August 29th to shareholders on record as of August 18th.
• Shares of VPV are currently trading at $10.02, with a one-year range from $9.50 to $11.41, indicating relatively stable trading in recent months.

Sit Investment Associates Inc. cut its holdings in Inv Vk Pa Valu (NYSE:VPV - Free Report) by 88.7% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 51,685 shares of the financial services provider's stock after selling 405,975 shares during the quarter. Sit Investment Associates Inc. owned approximately 0.29% of Inv Vk Pa Valu worth $527,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Wolverine Asset Management LLC grew its holdings in Inv Vk Pa Valu by 336.6% during the first quarter. Wolverine Asset Management LLC now owns 83,276 shares of the financial services provider's stock worth $849,000 after buying an additional 64,204 shares in the last quarter. Tabor Asset Management LP purchased a new position in Inv Vk Pa Valu during the first quarter valued at $611,000. LPL Financial LLC grew its holdings in shares of Inv Vk Pa Valu by 5.0% in the fourth quarter. LPL Financial LLC now owns 38,626 shares of the financial services provider's stock worth $397,000 after acquiring an additional 1,826 shares during the period. CF Capital LLC bought a new stake in Inv Vk Pa Valu during the fourth quarter valued at about $390,000. Finally, Confluence Wealth Services Inc. bought a new position in shares of Inv Vk Pa Valu in the first quarter worth about $364,000.

Inv Vk Pa Valu Trading Up 0.5%

VPV stock traded up $0.0450 during midday trading on Thursday, reaching $9.9150. 30,725 shares of the company traded hands, compared to its average volume of 49,166. The business has a 50 day moving average of $9.98 and a 200-day moving average of $10.06. Inv Vk Pa Valu has a 52-week low of $9.50 and a 52-week high of $11.41.

Inv Vk Pa Valu Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, August 29th. Stockholders of record on Monday, August 18th will be issued a $0.0667 dividend. This represents a c) annualized dividend and a dividend yield of 8.1%. The ex-dividend date of this dividend is Monday, August 18th.

Inv Vk Pa Valu Company Profile

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.