Wolverine Asset Management LLC Boosts Stock Position in Inv Vk Pa Valu (NYSE:VPV)

Key Points

• Wolverine Asset Management LLC significantly increased its stake in Inv Vk Pa Valu by 336.6%, ending the first quarter with 83,276 shares, valued at approximately $849,000.
• Multiple hedge funds, including Cetera Investment Advisers and LPL Financial LLC, have also boosted their holdings in Inv Vk Pa Valu, indicating growing institutional interest.
• Inv Vk Pa Valu recently declared a monthly dividend of $0.0667 per share with a dividend yield of 8.0%, payable on August 29th to investors of record by August 18th.

Wolverine Asset Management LLC grew its position in shares of Inv Vk Pa Valu (NYSE:VPV - Free Report) by 336.6% in the first quarter, according to its most recent filing with the SEC. The fund owned 83,276 shares of the financial services provider's stock after acquiring an additional 64,204 shares during the quarter. Wolverine Asset Management LLC owned about 0.47% of Inv Vk Pa Valu worth $849,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. LPL Financial LLC boosted its holdings in shares of Inv Vk Pa Valu by 5.0% in the 4th quarter. LPL Financial LLC now owns 38,626 shares of the financial services provider's stock worth $397,000 after purchasing an additional 1,826 shares during the period. Raymond James Financial Inc. bought a new position in shares of Inv Vk Pa Valu in the 4th quarter worth $298,000. Icon Advisers Inc. Co. bought a new position in shares of Inv Vk Pa Valu in the 4th quarter worth $203,000. Walleye Capital LLC bought a new position in shares of Inv Vk Pa Valu in the 4th quarter worth $116,000. Finally, Alpine Global Management LLC bought a new position in shares of Inv Vk Pa Valu in the 4th quarter worth $349,000.

Inv Vk Pa Valu Trading Up 0.4%

Shares of VPV traded up $0.05 during trading hours on Wednesday, hitting $10.07. The company had a trading volume of 101 shares, compared to its average volume of 49,246. Inv Vk Pa Valu has a one year low of $9.50 and a one year high of $11.41. The company's fifty day moving average price is $9.96 and its two-hundred day moving average price is $10.08.

Inv Vk Pa Valu Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, August 29th. Stockholders of record on Monday, August 18th will be given a $0.0667 dividend. This represents a c) annualized dividend and a dividend yield of 8.0%. 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.