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Inv Vk Ca Valu (NYSE:VCV) Shares Cross Below 200 Day Moving Average - Here's Why

Inv Vk Ca Valu logo with Finance background

Inv Vk Ca Valu (NYSE:VCV - Get Free Report)'s stock price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $10.60 and traded as low as $10.14. Inv Vk Ca Valu shares last traded at $10.21, with a volume of 65,135 shares changing hands.

Inv Vk Ca Valu Price Performance

The stock has a fifty day simple moving average of $10.24 and a 200-day simple moving average of $10.60.

Inv Vk Ca Valu Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, June 30th. Shareholders of record on Tuesday, June 17th will be issued a $0.0646 dividend. This represents a $0.78 dividend on an annualized basis and a yield of 7.59%. The ex-dividend date of this dividend is Tuesday, June 17th.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of VCV. Ameriprise Financial Inc. raised its stake in shares of Inv Vk Ca Valu by 212.3% during the 4th quarter. Ameriprise Financial Inc. now owns 119,647 shares of the investment management company's stock worth $1,309,000 after buying an additional 81,340 shares during the period. Wells Fargo & Company MN raised its stake in shares of Inv Vk Ca Valu by 15.9% during the 4th quarter. Wells Fargo & Company MN now owns 513,271 shares of the investment management company's stock worth $5,615,000 after buying an additional 70,560 shares during the period. Advisors Asset Management Inc. raised its stake in shares of Inv Vk Ca Valu by 9.9% during the 1st quarter. Advisors Asset Management Inc. now owns 632,132 shares of the investment management company's stock worth $6,707,000 after buying an additional 57,010 shares during the period. Raymond James Financial Inc. acquired a new position in shares of Inv Vk Ca Valu during the 4th quarter worth approximately $606,000. Finally, NewEdge Advisors LLC acquired a new position in shares of Inv Vk Ca Valu during the 4th quarter worth approximately $430,000. 18.80% of the stock is owned by institutional investors and hedge funds.

Inv Vk Ca Valu Company Profile

(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.

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