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

Inv Vk Ca Valu logo with Finance background

Inv Vk Ca Valu (NYSE:VCV - Get Free Report)'s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $10.58 and traded as high as $10.66. Inv Vk Ca Valu shares last traded at $10.54, with a volume of 40,525 shares changing hands.

Inv Vk Ca Valu Trading Up 0.8%

The business has a fifty day simple moving average of $10.33 and a 200 day simple moving average of $10.58.

Inv Vk Ca Valu Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Wednesday, July 16th will be issued a dividend of $0.0646 per share. The ex-dividend date is Wednesday, July 16th. This represents a $0.78 dividend on an annualized basis and a dividend yield of 7.35%.

Hedge Funds Weigh In On Inv Vk Ca Valu

Hedge funds have recently made changes to their positions in the company. Myecfo LLC purchased a new stake in shares of Inv Vk Ca Valu in the first quarter valued at approximately $114,000. Stifel Financial Corp acquired a new position in Inv Vk Ca Valu during the fourth quarter worth $117,000. Wealth Enhancement Advisory Services LLC lifted 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 purchasing an additional 1,000 shares in the last quarter. Walleye Capital LLC acquired a new stake in shares of Inv Vk Ca Valu in the fourth quarter valued at $291,000. Finally, Janney Montgomery Scott LLC raised its stake in shares of Inv Vk Ca Valu by 5.9% in the first quarter. Janney Montgomery Scott LLC now owns 34,220 shares of the investment management company's stock valued at $363,000 after acquiring an additional 1,909 shares in the last quarter. Institutional investors and hedge funds own 18.80% of the company's stock.

About Inv Vk Ca Valu

(Get 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.

Further Reading

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