Inv Vk Ca Valu (NYSE:VCV) Shares Pass Below 200-Day Moving Average - Should You Sell?

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 - Get Free Report)'s stock price crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred 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.

Inv Vk Ca Valu Trading Up 1.2%

The stock's fifty day moving average is $10.25 and its two-hundred day moving average is $10.50.

Inv Vk Ca Valu Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, July 31st. Investors of record on Wednesday, July 16th were paid a $0.0646 dividend. The ex-dividend date of this dividend was Wednesday, July 16th. This represents a c) dividend on an annualized basis and a yield of 7.6%.

Hedge Funds Weigh In On Inv Vk Ca Valu

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in VCV. Ameriprise Financial Inc. raised 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 valued at $1,309,000 after purchasing an additional 81,340 shares in the last quarter. Wells Fargo & Company MN raised its holdings 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 valued at $5,615,000 after purchasing an additional 70,560 shares in the last quarter. Advisors Asset Management Inc. raised its holdings 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 valued at $6,707,000 after purchasing an additional 57,010 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of Inv Vk Ca Valu during the 4th quarter valued at $606,000. Finally, NewEdge Advisors LLC bought a new position in shares of Inv Vk Ca Valu during the 4th quarter valued at $430,000. Institutional investors and hedge funds own 18.80% of the company's stock.

Inv Vk Ca Valu Company Profile

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.