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

Key Points

• Inv Vk Ca Valu (NYSE:VCV) stock has crossed above its 200-day moving average, indicating positive market momentum as it traded at $10.52.
• The company announced a monthly dividend of $0.0646 per share, representing an annualized yield of 7.4%, to be paid on September 30th.
• Institutional ownership remains significant, with 18.80% of the stock held by various hedge funds and investment firms increasing their stakes in the fourth quarter.

Inv Vk Ca Valu (NYSE:VCV - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $10.34 and traded as high as $10.53. Inv Vk Ca Valu shares last traded at $10.52, with a volume of 173,541 shares.

Inv Vk Ca Valu Trading Down 0.2%

The stock's fifty day moving average is $10.25 and its two-hundred day moving average is $10.33.

Inv Vk Ca Valu Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 16th will be paid a dividend of $0.0646 per share. 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 7.3%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Ameriprise Financial Inc. increased its holdings 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 purchasing an additional 81,340 shares during the period. Advisors Asset Management Inc. boosted its position in Inv Vk Ca Valu by 9.4% in the second quarter. Advisors Asset Management Inc. now owns 691,321 shares of the investment management company's stock valued at $7,169,000 after buying an additional 59,189 shares in the last quarter. Atria Wealth Solutions Inc. raised its stake in shares of Inv Vk Ca Valu by 11.3% in the first quarter. Atria Wealth Solutions Inc. now owns 284,258 shares of the investment management company's stock worth $3,016,000 after acquiring an additional 28,845 shares during the last quarter. LPL Financial LLC raised its stake in shares of Inv Vk Ca Valu by 16.8% in the first quarter. LPL Financial LLC now owns 140,907 shares of the investment management company's stock worth $1,495,000 after acquiring an additional 20,290 shares during the last quarter. Finally, Bank of America Corp DE raised its stake in shares of Inv Vk Ca Valu by 8.2% in the fourth quarter. Bank of America Corp DE now owns 185,398 shares of the investment management company's stock worth $2,028,000 after acquiring an additional 13,972 shares during the last quarter. Institutional investors own 18.80% of the company's stock.

About Inv Vk Ca Valu

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.