Inv Vk Ca Valu (NYSE:VCV) Hits New 12-Month Low - Should You Sell?

Key Points

• Inv Vk Ca Valu shares fell 1.1% to about $10.08 after touching a new 52-week low of $10.07, below its 50-day and 200-day moving averages.
• The fund declared a monthly dividend of $0.0646 per share, implying an annualized yield of approximately 7.7%; shareholders of record on September 14 will receive payment on September 30.
• Institutional ownership stands at 18.8%, with several major investors—including Advisors Asset Management and Guggenheim Capital—recently increasing their stakes.

Inv Vk Ca Valu (NYSE:VCV - ) shares reached a new 52-week low during trading on Thursday . The company traded as low as $10.07 and last traded at $10.08, with a volume of 195082 shares trading hands. The stock had previously closed at $10.19.

Inv Vk Ca Valu Stock Down 1.1%

The firm has a fifty day moving average price of $10.58 and a two-hundred day moving average price of $10.66.

Inv Vk Ca Valu Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Monday, September 14th will be given a $0.0646 dividend. This represents a c) annualized dividend and a yield of 7.7%. The ex-dividend date of this dividend is Monday, September 14th.

Institutional Trading of Inv Vk Ca Valu

Several institutional investors and hedge funds have recently made changes to their positions in VCV. Advisors Asset Management Inc. boosted its stake in shares of Inv Vk Ca Valu by 42.8% during the fourth quarter. Advisors Asset Management Inc. now owns 1,150,260 shares of the investment management company's stock valued at $12,802,000 after purchasing an additional 344,545 shares during the period. Guggenheim Capital LLC grew its stake in Inv Vk Ca Valu by 25.9% in the 4th quarter. Guggenheim Capital LLC now owns 1,085,630 shares of the investment management company's stock worth $12,083,000 after acquiring an additional 223,658 shares in the last quarter. Wells Fargo & Company MN increased its position in shares of Inv Vk Ca Valu by 0.5% during the fourth quarter. Wells Fargo & Company MN now owns 622,806 shares of the investment management company's stock worth $6,932,000 after acquiring an additional 3,279 shares during the period. Hennion & Walsh Asset Management Inc. raised its stake in shares of Inv Vk Ca Valu by 21.0% during the second quarter. Hennion & Walsh Asset Management Inc. now owns 570,385 shares of the investment management company's stock valued at $6,154,000 after acquiring an additional 99,089 shares in the last quarter. Finally, UBS Group AG raised its stake in shares of Inv Vk Ca Valu by 6.1% during the fourth quarter. UBS Group AG now owns 277,270 shares of the investment management company's stock valued at $3,086,000 after acquiring an additional 15,926 shares in the last quarter. 18.80% of the stock is currently owned by institutional investors.

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. The fund primarily invests in investment grade California municipal securities which include municipal bonds, municipal notes, municipal commercial paper, and lease obligations.

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