Inv Vk Ca Valu (NYSE:VCV) Shares Break Below 200 Day Moving Average - Here's What Happened

Key Points

• Inv Vk Ca Valu shares fell below their 200-day moving average of $10.53, trading as low as $8.96 before last changing hands at $9.0540 on volume of 520,783 shares.
• The fund declared a monthly dividend of $0.0646 per share, equivalent to $0.78 annually and an 8.6% yield; shareholders of record on September 14 will receive it on September 30.
• Institutional investors made several position changes during the second quarter, while hedge funds and other institutions collectively owned 18.8% of VCV. The closed-end fund focuses primarily on California municipal bonds and tax-exempt income.

Inv Vk Ca Valu (NYSE:VCV - Get Free Report) passed below its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $10.53 and traded as low as $8.96. Inv Vk Ca Valu shares last traded at $9.0540, with a volume of 520,783 shares changing hands.

Inv Vk Ca Valu Price Performance

The company's fifty day moving average is $10.30 and its two-hundred day moving average is $10.53.

Inv Vk Ca Valu Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Monday, September 14th will be issued a $0.0646 dividend. This represents a $0.78 annualized dividend and a dividend yield of 8.6%. The ex-dividend date of this dividend is Monday, September 14th.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the business. Integrated Wealth Concepts LLC acquired a new position in Inv Vk Ca Valu during the second quarter valued at $41,000. NWF Advisory Services Inc. grew its position in Inv Vk Ca Valu by 5.8% during the 2nd quarter. NWF Advisory Services Inc. now owns 18,300 shares of the investment management company's stock worth $197,000 after purchasing an additional 1,000 shares during the period. Wedbush Securities Inc. raised its stake in shares of Inv Vk Ca Valu by 92.9% during the 2nd quarter. Wedbush Securities Inc. now owns 70,801 shares of the investment management company's stock valued at $764,000 after buying an additional 34,101 shares during the last quarter. RB Capital Management LLC purchased a new position in shares of Inv Vk Ca Valu during the 2nd quarter valued at about $140,000. Finally, Bank of America Corp DE purchased a new position in shares of Inv Vk Ca Valu during the 2nd quarter valued at about $1,917,000. Hedge funds and other institutional investors own 18.80% of the company's stock.

Inv Vk Ca Valu Company Profile

Invesco California Value Municipal Income Trust NYSE: VCV is a closed-end management investment company focused on California municipal bonds. The fund seeks to provide current income that is exempt from regular federal income tax and California state personal income tax, subject to applicable tax rules.

VCV invests primarily in investment-grade and other municipal securities issued by California state and local governments, public agencies, and related entities. These securities may finance public infrastructure and services, including schools, transportation, utilities, health care facilities, and other community projects.

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