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

Key Points

• Inv Vk Ca Valu's stock price has dipped below its 200-day moving average of $10.51, trading as low as $10.02 on Monday.
• The company announced a monthly dividend of $0.0646 per share, equating to an annualized yield of 7.73%, payable on July 31st.
• Institutional investors hold 18.80% of Inv Vk Ca Valu's stock, with several firms increasing their stakes in recent quarters.

Inv Vk Ca Valu (NYSE:VCV - )'s stock price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $10.51 and traded as low as $10.02. Inv Vk Ca Valu shares last traded at $10.03, with a volume of 40,693 shares traded.

Inv Vk Ca Valu Price Performance

The company's 50 day moving average is $10.26 and its 200-day moving average is $10.51.

Inv Vk Ca Valu Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Wednesday, July 16th will be paid a dividend of $0.0646 per share. This represents a $0.78 dividend on an annualized basis and a dividend yield of 7.73%. The ex-dividend date of this dividend is Wednesday, July 16th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Wealth Enhancement Advisory Services LLC boosted its holdings in Inv Vk Ca Valu by 5.1% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 20,620 shares of the investment management company's stock worth $226,000 after acquiring an additional 1,000 shares in the last quarter. LPL Financial LLC boosted its stake in Inv Vk Ca Valu by 1.1% in the 4th quarter. LPL Financial LLC now owns 120,617 shares of the investment management company's stock worth $1,320,000 after purchasing an additional 1,339 shares in the last quarter. Janney Montgomery Scott LLC grew its position in Inv Vk Ca Valu by 5.9% during the 1st quarter. Janney Montgomery Scott LLC now owns 34,220 shares of the investment management company's stock valued at $363,000 after purchasing an additional 1,909 shares during the last quarter. D.A. Davidson & CO. grew its position in Inv Vk Ca Valu by 5.7% during the 1st 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 last quarter. Finally, Sound Income Strategies LLC bought a new stake in Inv Vk Ca Valu during the 2nd quarter valued at about $50,000. 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.

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