Inv Vk Ca Valu (NYSE:VCV) Stock Price Passes Above Two Hundred Day Moving Average - Here's Why

Key Points

• Inv Vk Ca Valu (NYSE:VCV) shares recently crossed above their 200-day moving average of $10.32, trading at a high of $10.56.
• The company announced a monthly dividend of $0.0646 per share, which translates to an annualized yield of 7.4%, with the ex-dividend date set for September 16th.
• Institutional investors have been actively trading, with significant increases in stakes from firms like Ameriprise Financial, which raised its holdings by 212.3% in the last quarter.

Inv Vk Ca Valu (NYSE:VCV - Get Free Report) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $10.32 and traded as high as $10.56. Inv Vk Ca Valu shares last traded at $10.48, with a volume of 88,853 shares.

Inv Vk Ca Valu Trading Up 0.3%

The stock's 50-day simple moving average is $10.26 and its two-hundred day simple moving average is $10.31.

Inv Vk Ca Valu Dividend Announcement

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 issued a $0.0646 dividend. The ex-dividend date of this dividend is Tuesday, September 16th. This represents a c) dividend on an annualized basis and a dividend yield of 7.4%.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Wealth Enhancement Advisory Services LLC boosted its stake in Inv Vk Ca Valu by 5.1% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 20,620 shares of the investment management company's stock worth $226,000 after buying an additional 1,000 shares during the period. Envestnet Asset Management Inc. boosted its stake in Inv Vk Ca Valu by 3.6% during the second quarter. Envestnet Asset Management Inc. now owns 31,083 shares of the investment management company's stock worth $322,000 after buying an additional 1,074 shares during the period. Osaic Holdings Inc. boosted its stake in Inv Vk Ca Valu by 3.1% during the second quarter. Osaic Holdings Inc. now owns 40,265 shares of the investment management company's stock worth $418,000 after buying an additional 1,196 shares during the period. Janney Montgomery Scott LLC boosted its stake in Inv Vk Ca Valu by 5.9% during the first quarter. Janney Montgomery Scott LLC now owns 34,220 shares of the investment management company's stock worth $363,000 after buying an additional 1,909 shares during the period. Finally, D.A. Davidson & CO. boosted its stake in shares of Inv Vk Ca Valu by 5.7% in the first quarter. D.A. Davidson & CO. now owns 44,892 shares of the investment management company's stock valued at $476,000 after purchasing an additional 2,427 shares during the period. Hedge funds and other institutional investors own 18.80% of the company's stock.

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.