INV VK CA VALU (NYSE:VCV) Stock Price Passes Below 200 Day Moving Average - Should You Sell?

Key Points

• Inv Vk Ca Valu (NYSE:VCV) shares have fallen below their 200-day moving average of $10.44, trading as low as $10.12 before closing at $10.16.
• The company declared a monthly dividend of $0.0646, yielding 7.6%, with the payment scheduled for August 29th.
• Recent trading activity indicates that hedge funds and institutional investors now own 18.80% of Inv Vk Ca Valu's shares, with several large investments made in the past few quarters.

INV VK CA VALU (NYSE:VCV - Get Free Report) shares passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $10.44 and traded as low as $10.12. INV VK CA VALU shares last traded at $10.16, with a volume of 116,516 shares.

INV VK CA VALU Trading Up 1.0%

The firm's 50-day simple moving average is $10.24 and its two-hundred day simple moving average is $10.42.

INV VK CA VALU Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Friday, August 29th. Shareholders of record on Monday, August 18th will be given a dividend of $0.0646 per share. This represents a c) annualized dividend and a yield of 7.5%. The ex-dividend date is Monday, August 18th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in VCV. Envestnet Asset Management Inc. grew its position in INV VK CA VALU by 78.9% during the fourth quarter. Envestnet Asset Management Inc. now owns 74,374 shares of the investment management company's stock worth $814,000 after buying an additional 32,803 shares during the period. Raymond James Financial Inc. purchased a new stake in shares of INV VK CA VALU in the fourth quarter valued at about $606,000. NewEdge Advisors LLC purchased a new stake in shares of INV VK CA VALU in the fourth quarter valued at about $430,000. Stifel Financial Corp purchased a new stake in shares of INV VK CA VALU in the fourth quarter valued at about $117,000. Finally, Ameriprise Financial Inc. lifted its holdings in shares of INV VK CA VALU by 212.3% in the fourth quarter. Ameriprise Financial Inc. now owns 119,647 shares of the investment management company's stock valued at $1,309,000 after purchasing an additional 81,340 shares in the last quarter. 18.80% of the stock is currently owned by institutional investors and hedge funds.

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.